OPERATIONAL WATCH

Operational intelligence for FMI practitioners.

A compact practitioner feed for service notices, rulebook operations, migrations, testing communications, outages, resilience events and infrastructure changes that require attention but not necessarily full Tape treatment.

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LATEST NOTICES

Short, functional, source-linked

September 26, 2026

Eurex cancels October ESES settlement test

Eurex Clearing has cancelled the Home Market Settlement end-to-end test for ESES markets that had been planned for October 2026. Clearing members, clients and vendors should remove the October event from test plans, preserve unresolved readiness work and wait for a replacement opportunity.

September 15, 2026

Liquid peg-outs remain disabled after partial restart

Action required: Liquid Federation members, exchanges, wallets, peg-out operators and treasury and risk teams should keep reserve reconciliation and peg-out controls under active review. Blockstream’s 23 September assessment says the earlier cache fix introduced the exploited Bug B, and approximately 602 BTC remains outstanding.

September 14, 2026

CME makes Phase 3 the final clearing-ID migration step

Action required: CME Clearing members and back-office vendors should complete testing for longer alphanumeric clearing trade, allocation-group and allocation identifiers before the 16 November production change. CME has made Phase 3 the final migration phase and will stop sending temporary identifiers when the longer identifiers go live.

September 14, 2026

Eurex C7 SCS 6.0 testing moves toward 16 November production

Action required: Eurex Clearing members, ISA Direct Clearing Members, disclosed direct clients and vendors should prepare for rescheduled C7 SCS Release 6.0 focus weeks from 26 October to 6 November and complete testing before the 16 November production launch.

August 19, 2026

Euronext settlement model moves to live-adoption watch

Action required: firms settling Euronext Amsterdam, Brussels or Paris trades should reconcile actual routing, standing settlement instructions and exceptions now that Euronext Securities has confirmed its European CSD Offering is live with first adopters.