Euronext and Eurex are planning to update the technology used to support electronic trading ahead of the incoming MiFID II regulation in January.
Pan-European exchange Euronext announced it will begin testing its new derivatives trading technology from 1 August, involving an upgrade to both its common customer gateways and UTP derivatives software
Meanwhile Frankfurt-based Eurex will begin simulating its MiFID II-compliant T7 trading software from 25 September.
Eurex also plans to introduce a new regulatory market making (RMM) programme, as well as an OTC price discovery service in the fourth quarter.
Exchanges across Europe have been forced to update their trading technology to incorporate MiFID II pre- and post-trade transparency requirements, including record keeping and market data feeds.
Equities exchange operator Bats Europe recently went live with its penultimate technology update to support trade reporting and improve post-trade data quality.
Meanwhile Bloomberg has recently upgraded the legal status of its credit trading business in Europe in a bid to bring the platform in line with the incoming rules.