EU Enrg Exc T7 SMP Functionality Activation

Published on: Oct 23, 2025

On Oct. 20, EU Enrg Exc issued announcement re T7 SMP functionality.

  • EU Enrg Exc issued T7 release 14.0 - announcement on T7 SMP functionality activation after release launch date (re SMP functionality see #92631).
  • Follows Aug. 2025, EU Enrg Exc issued final release notes on T7 14.0, see #267035.
  • Overview
  • As announced in the Release Notes for T7 Release 14.0, the enhanced Self-Matching Prevention will be activated in the production environment after the official release date (simulation already activated; production Dec.1, 2025).
  • Trading Participants encouraged to test SMP deletion instructions in simulation. With T7 Release 14.0, EEX introduced possibility to set SMP deletion instruction on order/quote level specifying SMP behaviour of incoming order in case of an SMP event.
  • Already existing SMP deletion instruction cancel aggressive and passive will be the only deletion instruction supported immediately after the launch of T7 Release 14.0 (on Nov. 10, 2025), and the usage of any other SMP deletion instruction will be rejected.
  • Effectiveness
  • Activation of new SMP deletion instructions will be effective on Dec. 1, 2025
  • Default SMP deletion instruction defined by EEX will be changed from cancel aggressive and passive to cancel passi.
Regulators
EU Enrg Exc
Entity Types
B/D; Exch; FCM; OTC
Reference
PR, 10/20/2025
Functions
Compliance; Financial; Risk; Settlement; Technology; Trade Reporting; Trading
Countries
EU Exchange
Category
State
N/A
Products
Clearing; Commodities; Derivatives; Fixed Income
Rule Type
Final
Regions
EMEA
Rule Date
Oct 20, 2025
Effective Date
Dec 1, 2025
Rule ID
273268
Linked to
Reg. Last Update
Oct 20, 2025
Report Section
EU