UNITED STATES OF AMERICA
Before the

COMMODITY FUTURES TRADING COMMISSION

In the Matter of the Application of Eurex Deutschland

for Registration pursuant to Section 4(b)(1) of the Commodity
Exchange Act and Part 48 of the Regulations of the
Commodity Futures Trading Commission in order to permit
direct access to its order entry and trade matching system

ORDER OF REGISTRATION

Pursuant to Section 4(b)(1) of the Commodity Exchange Act (the Act), 7 U.S.C.

§ 6(b)(1), and Part 48 of the Commission’s regulations, Eurex Deutschland, a derivatives
exchange authorized by and subject to regulation by the Exchange Supervisory Authority of the
State of Hesse in Germany, submitted an application dated August 17, 2012 and including
supplemental submissions filed through September 2, 2016 (the Application), requesting
registration in order to permit identified members and other participants located in the United
States to enter trades directly into its order entry and trade matching system.

The Commission has reviewed the Application along with the exhibits, supplemental
documents, and other supporting information and representations, and finds that Eurex
Deutschland has demonstrated its ability to comply with the requirements of the Act and
applicable Commission regulations thereunder, including the requirements for registration as set
forth in Part 48 of the Commission’s regulations.

In light of the foregoing, IT IS ORDERED, pursuant to Section 4(b)(1) of the Act,

7US.C, § 6(6)(1), that Eurex Deutschland is granted an Order of Registration to permit direct



access, as that term is defined in Section 4(b)(1)(A) of the Act, subject to the terms and
conditions specified herein:

(1) — Compliance with the Act and Commission Regulations. Eurex Deutschland shall

comply, and shall demonstrate compliance as requested by the Commission, with all sections of
the Act and the Commission’s regulations thereunder applicable to Eurex Deutschland as a
foreign board of trade registered pursuant to Part 48 of the Commission’s regulations, as may be
amended or adopted from time to time. Eurex Deutschland shall comply with the applicable
conditions of registration specified in Commission regulation 48.8 and any additional conditions
that the Commission deems necessary and may impose, in its discretion, after appropriate notice
and opportunity to respond. Eurex Deutschland shall fulfill each of the representations it has
made in support of the Application for registration.

(2) New Regulations. Should the Commission promulgate a regulation addressing or
otherwise affecting any aspect of this Order, then such regulation will apply and supersede the
applicable terms in this Order.

(3) Reservation of Rights, This Order is based upon the representations made and
supporting material provided to the Commission by Eurex Deutschland as part of the Application.
In the event of any changes to or omissions in the material facts or circumstances pursuant to
which this Order is issued, or for any reason in its own discretion, and after notice and opportunity
to respond, the Commission may condition, modify, suspend, terminate, or otherwise restrict the
terms of this Order, as appropriate and as permitted by law, on its own motion.

Issued in Washington, D.C. this 31st day of October, 2016.

By the Commission

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Christopher J: i Kirkpatrick
Secretary of the Commission