Which statement does not apply to Eurex Improve?

Which statement does not apply to Eurex Improve?

• A. Client on whose behalf a request is initiated is guaranteed full execution of the entire order at a predetermined price or better
• B. Participant who initiates an Improve Request can automatically guarantee best execution in accordance with MiFID
• C. Improve Requests are not published
• D. By responding to an Improve Request, other trading participants can participate in the client order flow

Answer: (C)

The statement that Improve Requests are not published is accurate in the context of how Eurex Improve operates. In Eurex's trading environment, Improve Requests refer to requests for better pricing on certain orders, which are not made public to the market. This confidentiality allows for a more private negotiation process between the parties involved, ensuring that pending orders and their corresponding Improve Requests remain undisclosed to other market participants. This characteristic distinguishes Improve Requests from many other types of trading orders that are visible in the order book, thus protecting the client's interests while seeking better execution conditions. The non-public nature of these requests is intentional—it keeps the negotiation process discreet. This aspect of the service is crucial for maintaining competitive pricing and avoiding premature price movements that might disadvantage the executing parties.

The statement that Improve Requests are not published is accurate in the context of how Eurex Improve operates. In Eurex's trading environment, Improve Requests refer to requests for better pricing on certain orders, which are not made public to the market. This confidentiality allows for a more private negotiation process between the parties involved, ensuring that pending orders and their corresponding Improve Requests remain undisclosed to other market participants.

This characteristic distinguishes Improve Requests from many other types of trading orders that are visible in the order book, thus protecting the client's interests while seeking better execution conditions. The non-public nature of these requests is intentional—it keeps the negotiation process discreet. This aspect of the service is crucial for maintaining competitive pricing and avoiding premature price movements that might disadvantage the executing parties.