Eurex Blames Dealers for System Limits

EXCHANGE TECHNOLOGIES

FRANKFURT--Eurex, the German derivatives exchange, is clamping down on dealers who overload its system with transactions and price information. Eurex says the growing use of automated quote engines by dealers threatens to overload its capacity to handle trading, and has imposed fines on dealers who breach its limits. But some dealers, and the independent software vendors (ISVs) who provide those dealers with their front-end trading systems, say Eurex could easily upgrade its technology to cope

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