Upozornění: Text přílohy byl získán strojově a nemusí přesně odpovídat originálu. Zejména u strojově nečitelných smluv, kde jsme použili OCR. originál smlouvy stáhnete odsud
DEUTSCHE BORSE
Deutsche Borse AG Version 3.00
XBID Projects - XBID Page 2 of 26
DFS290 - Cross Border Routing
Table of Contents
1 A b strac t................................................................................................................................................... 3
2 In tro d u c tio n ..........................................................................................................................................4
2.1 General...................................................................................................................... 4
3 Basic F ra m e w o rk ............................................................................................................................. 5
3.1 Introduction...............................................................................................................5
3.2 Routing Conceptand Terminology........................................................................... 6
3.3 Routing Model..........................................................................................................8
3.3.1 General.................................................................................................................. 8
3.3.2 Order Book Calculation .........................................................................................9
3.3.3 Trade Flow Calculation........................................................................................12
3.3.4 Combining multiple Flows in one Allocation..................................................... 13
3.3.5 Routing Internal Netting..................................................................................... 14
3.4 Routing Process..................................................................................................... 15
3.5 Multiple Routing Plans perRouting T a sk...............................................................16
© 2014 - Deutsche Borse AG - All rights reserved. The information contained in this document is confidential or protected by
law. Any unauthorized copying of this document or part of it or unauthorized distribution of the information contained herein is
prohibited. All materials provided by DB in this context are and remain the intellectual property of DB and all rights therein are
reserved.
Deutsche Borse AG Version 3.00
XBID Projects - XBID Page 3 of 26
DFS290 - Cross Border Routing
1 Abstract
This document contains a functional description of the routing mechanism used by the
Trading Module.
The routing mechanism described in this document follows a shortest path rule.
Note: Data contained in graphics and examples are for illustrative purposes only.
© 2014 - Deutsche Borse AG - All rights reserved. The information contained in this document is confidential or protected by
law. Any unauthorized copying of this document or part of it or unauthorized distribution of the information contained herein is
prohibited. All materials provided by DB in this context are and remain the intellectual property of DB and all rights therein are
reserved.
Deutsche Borse AG Version 3.00
XBID Projects - XBID Page 4 of 26
DFS290 - Cross Border Routing
2 Introduction
2.1 General
© 2014 - Deutsche Borse AG - All rights reserved. The information contained in this document is confidential or protected by
law. Any unauthorized copying of this document or part of it or unauthorized distribution of the information contained herein is
prohibited. All materials provided by DB in this context are and remain the intellectual property of DB and all rights therein are
reserved.
Deutsche Borse AG Version 3.00
XBID Projects - XBID Page 5 of 26
DFS290 - Cross Border Routing
3 Basic Framework
3.1 Introduction
© 2014 - Deutsche Borse AG - All rights reserved. The information contained in this document is confidential or protected by
law. Any unauthorized copying of this document or part of it or unauthorized distribution of the information contained herein is
prohibited. All materials provided by DB in this context are and remain the intellectual property of DB and all rights therein are
reserved.
Deutsche Borse AG Version 3.00
XBID Projects - XBID Page 6 of 26
DFS290 - Cross Border Routing
3.2 Routing Concept and Terminology
© 2014 - Deutsche Borse AG - All rights reserved. The information contained in this document is confidential or protected by
law. Any unauthorized copying of this document or part of it or unauthorized distribution of the information contained herein is
prohibited. All materials provided by DB in this context are and remain the intellectual property of DB and all rights therein are
reserved.
Deutsche Borse AG Version 3.00
XBID Projects - XBID Page 7 of 26
DFS290 - Cross Border Routing
E xam p le
© 2014 - Deutsche Borse AG - All rights reserved. The information contained in this document is confidential or protected by
law. Any unauthorized copying of this document or part of it or unauthorized distribution of the information contained herein is
prohibited. All materials provided by DB in this context are and remain the intellectual property of DB and all rights therein are
reserved.
Deutsche Borse AG Version 3.00
XBID Projects - XBID Page 8 of 26
DFS290 - Cross Border Routing
3.3 Routing Model
3 .3 .1 General
© 2014 - Deutsche Borse AG - All rights reserved. The information contained in this document is confidential or protected by
law. Any unauthorized copying of this document or part of it or unauthorized distribution of the information contained herein is
prohibited. All materials provided by DB in this context are and remain the intellectual property of DB and all rights therein are
reserved.
Deutsche Borse AG Version 3.00
XBID Projects - XBID Page 9 of 26
DFS290 - Cross Border Routing
3 .3 .2 Order Book Calculation
E xam p le
© 2014 - Deutsche Borse AG - All rights reserved. The information contained in this document is confidential or protected by
law. Any unauthorized copying of this document or part of it or unauthorized distribution of the information contained herein is
prohibited. All materials provided by DB in this context are and remain the intellectual property of DB and all rights therein are
reserved.
Deutsche Borse AG Version 3.00
XBID Projects - XBID Page 10 of 26
DFS290 - Cross Border Routing
© 2014 - Deutsche Borse AG - All rights reserved. The information contained in this document is confidential or protected by
law. Any unauthorized copying of this document or part of it or unauthorized distribution of the information contained herein is
prohibited. All materials provided by DB in this context are and remain the intellectual property of DB and all rights therein are
reserved.
Deutsche Borse AG Version 3.00
XBID Projects - XBID Page 11 of 26
DFS290 - Cross Border Routing
© 2014 - Deutsche Borse AG - All rights reserved. The information contained in this document is confidential or protected by
law. Any unauthorized copying of this document or part of it or unauthorized distribution of the information contained herein is
prohibited. All materials provided by DB in this context are and remain the intellectual property of DB and all rights therein are
reserved.
Deutsche Borse AG Version 3.00
XBID Projects - XBID Page 12 of 26
DFS290 - Cross Border Routing
© 2014 - Deutsche Borse AG - All rights reserved. The information contained in this document is confidential or protected by
law. Any unauthorized copying of this document or part of it or unauthorized distribution of the information contained herein is
prohibited. All materials provided by DB in this context are and remain the intellectual property of DB and all rights therein are
reserved.
Deutsche Borse AG Version 3.00
XBID Projects - XBID Page 13 of 26
DFS290 - Cross Border Routing
E xam p le
© 2014 - Deutsche Borse AG - All rights reserved. The information contained in this document is confidential or protected by
law. Any unauthorized copying of this document or part of it or unauthorized distribution of the information contained herein is
prohibited. All materials provided by DB in this context are and remain the intellectual property of DB and all rights therein are
reserved.
Deutsche Borse AG Version 3.00
XBID Projects - XBID Page 14 of 26
DFS290 - Cross Border Routing
© 2014 - Deutsche Borse AG - All rights reserved. The information contained in this document is confidential or protected by
law. Any unauthorized copying of this document or part of it or unauthorized distribution of the information contained herein is
prohibited. All materials provided by DB in this context are and remain the intellectual property of DB and all rights therein are
reserved.
Deutsche Borse AG Version 3.00
XBID Projects - XBID Page 15 of 26
DFS290 - Cross Border Routing
3.4 Routing Process
© 2014 - Deutsche Borse AG - All rights reserved. The information contained in this document is confidential or protected by
law. Any unauthorized copying of this document or part of it or unauthorized distribution of the information contained herein is
prohibited. All materials provided by DB in this context are and remain the intellectual property of DB and all rights therein are
reserved.
Deutsche Borse AG Version 3.00
XBID Projects - XBID Page 16 of 26
DFS290 - Cross Border Routing
3.5 Multiple Routing Plans per Routing Task
© 2014 - Deutsche Borse AG - All rights reserved. The information contained in this document is confidential or protected by
law. Any unauthorized copying of this document or part of it or unauthorized distribution of the information contained herein is
prohibited. All materials provided by DB in this context are and remain the intellectual property of DB and all rights therein are
reserved.
Deutsche Borse AG Version 3.00
XBID Projects - XBID Page 17 of 26
DFS290 - Cross Border Routing
© 2014 - Deutsche Borse AG - All rights reserved. The information contained in this document is confidential or protected by
law. Any unauthorized copying of this document or part of it or unauthorized distribution of the information contained herein is
prohibited. All materials provided by DB in this context are and remain the intellectual property of DB and all rights therein are
reserved.
Deutsche Borse AG Version 3.00
XBID Projects - XBID Page 18 of 26
DFS290 - Cross Border Routing
© 2014 - Deutsche Borse AG - All rights reserved. The information contained in this document is confidential or protected by
law. Any unauthorized copying of this document or part of it or unauthorized distribution of the information contained herein is
prohibited. All materials provided by DB in this context are and remain the intellectual property of DB and all rights therein are
reserved.
Deutsche Borse AG Version 3.00
XBID Projects - XBID Page 19 of 26
DFS290 - Cross Border Routing
© 2014 - Deutsche Borse AG - All rights reserved. The information contained in this document is confidential or protected by
law. Any unauthorized copying of this document or part of it or unauthorized distribution of the information contained herein is
prohibited. All materials provided by DB in this context are and remain the intellectual property of DB and all rights therein are
reserved.
Deutsche Borse AG Version 3.00
XBID Projects - XBID Page 20 of 26
DFS290 - Cross Border Routing
© 2014 - Deutsche Borse AG - All rights reserved. The information contained in this document is confidential or protected by
law. Any unauthorized copying of this document or part of it or unauthorized distribution of the information contained herein is
prohibited. All materials provided by DB in this context are and remain the intellectual property of DB and all rights therein are
reserved.
Deutsche Borse AG Version 3.00
XBID Projects - XBID Page 21 of 26
DFS290 - Cross Border Routing
© 2014 - Deutsche Borse AG - All rights reserved. The information contained in this document is confidential or protected by
law. Any unauthorized copying of this document or part of it or unauthorized distribution of the information contained herein is
prohibited. All materials provided by DB in this context are and remain the intellectual property of DB and all rights therein are
reserved.
Deutsche Borse AG Version 3.00
XBID Projects - XBID Page 22 of 26
DFS290 - Cross Border Routing
© 2014 - Deutsche Borse AG - All rights reserved. The information contained in this document is confidential or protected by
law. Any unauthorized copying of this document or part of it or unauthorized distribution of the information contained herein is
prohibited. All materials provided by DB in this context are and remain the intellectual property of DB and all rights therein are
reserved.
Deutsche Borse AG Version 3.00
XBID Projects - XBID Page 23 of 26
DFS290 - Cross Border Routing
© 2014 - Deutsche Borse AG - All rights reserved. The information contained in this document is confidential or protected by
law. Any unauthorized copying of this document or part of it or unauthorized distribution of the information contained herein is
prohibited. All materials provided by DB in this context are and remain the intellectual property of DB and all rights therein are
reserved.
Deutsche Borse AG Version 3.00
XBID Projects - XBID Page 24 of 26
DFS290 - Cross Border Routing
© 2014 - Deutsche Borse AG - All rights reserved. The information contained in this document is confidential or protected by
law. Any unauthorized copying of this document or part of it or unauthorized distribution of the information contained herein is
prohibited. All materials provided by DB in this context are and remain the intellectual property of DB and all rights therein are
reserved.
Deutsche Borse AG Version 3.00
XBID Projects - XBID Page 25 of 26
DFS290 - Cross Border Routing
© 2014 - Deutsche Borse AG - All rights reserved. The information contained in this document is confidential or protected by
law. Any unauthorized copying of this document or part of it or unauthorized distribution of the information contained herein is
prohibited. All materials provided by DB in this context are and remain the intellectual property of DB and all rights therein are
reserved.
Deutsche Borse AG Version 3.00
XBID Projects - XBID Page 26 of 26
DFS290 - Cross Border Routing
© 2014 - Deutsche Borse AG - All rights reserved. The information contained in this document is confidential or protected by
law. Any unauthorized copying of this document or part of it or unauthorized distribution of the information contained herein is
prohibited. All materials provided by DB in this context are and remain the intellectual property of DB and all rights therein are
reserved.