What steps are necessary for a Eurex Improve Matching process to occur?

The process of Improve Matching on Eurex involves several critical steps that work in conjunction to enable price improvements for traders.

First, it is essential that the client agrees with its trading participant on all trade details. This agreement ensures that both parties are aligned on the parameters of the trade, such as the quantity and the price, which is a foundational step before any further action can take place.

During the price improvement period, all trading participants have the opportunity to submit additional orders to the order book. This stage is vital as it allows for competitive pricing, which can lead to better execution prices for the original trade. A wider participation during this period increases the chances of achieving a better price through the Improve Matching process.

Finally, once the price improvement period concludes, the Improve Request is executed. This execution finalizes the matching of the original order with any new orders that may have been submitted during the improvement period, ensuring that the best available price is achieved for the client.

Therefore, the correct answer encompasses all these elements, affirming that all necessary steps must be executed for a successful Improve Matching process to occur. Each step plays a crucial role in facilitating a transparent and efficient trading environment on Eurex.