Can someone explain the Eurex Pulse/Heartbeat system

[MartinD]

I'd be very interested in learning from one of my technically savvy fellow traders exactly how the Eurex Pulse system of order processing works, and how this differs from others used by Liffe, CME, CBOT etc.

Anyone care to elaborate?

 

[stevet]

basically the dont report all trades in the commonly understood way - which is pretty important fact to get on top of

 

[MartinD]

yes I was aware that Eurex doesnt operate time & sales transactions book for which they are legally responsible, such as CBOT & CME are obliged to. Does this apply to Eurex US too I wonder.

What i was interested in learning about is the order matching cycle Eurex has christened "the Pulse", where there is a delay of upto 1.4 seconds while the pulse cycles and matches everything...

 

[stevet]

the CBOT used to use the Eurex system - but even their own liquidity providers got screwed by it -so now they use liffe's system