Order routing - EUREX

The SL of the terminal is stored on the MQ server, and at the time of the trigger, a market order is sent, but from the MQ server.
If you want your stop loss to be stored on the CQG server, use exchange orders, BuyStop SellStop.

So you're saying that the EUREX exchange stores stop orders? That's what I didn't know. Where can I read about it? Is there a link?
If this is the case, it is better to ask this question in CQG. Whether they forward STOP orders to the exchange, or store orders on their server.
The MQ server stores its terminal SL on its server.
Therefore, I wrote that to protect the position, it is better to use BuyStop SellStop orders, rather than SL terminal.
And there, as already CQG will order, you need to clarify this issue with them.

I'm missing something here.

Why did you mention CQG when the opening post didn't mention?  Clearly, CQG is relevant here but I can't see how.

Hi Roman,

I will describe what I know. Please improve or add:

'Deutsche Boerse AG' uses a software called T7 for the stock exchanges XETRA, EUREX and also for the Swiss stock exchanges.
This is quite funny when there are problems. E.g. in summer a release change was implemented which made a change to the API which was not communicated sufficiently to the providers. All places using T7 had no revenue for hours.

As far as I know, the servers of the order routing providers (I am on CQG) are always in co-location. (There are so-called 'terminals' to the EUREX network in London and NewYork, but I know nothing about that).

The servers of the providers are connected to the API of T7 on the exchange side.  

On the trader side: If you want to send orders to CQG's server with an MT5 desktop application, there must be an MT5 gateway where you can log in.

The gateway for MT5 applications was implemented by FOREWARE on the CQG server.
https://www.metatrader4.com/en/company/319

Back to the T7 API.   EUREX describes which order types are offered by T7:
https://www.eurex.com/ex-en/trade/order-book-trading/order-types

For Future Contracte there are the basic types 'Market' and 'Limit' as well as 'StopMarket' and 'OCO'.

I suspect that the MT5 order types TP and SL, which are linked to positions, are calculated on the terminal.

The order types STOPBUY and STOPSELL could be passed on to the exchange.  I know that TT(Trading Technilogy) does this.

Here is my question: Will MT5 they give my STOPMARKET order to the T7 system?

Willbur

PS:
I asked Foreware the question. I've got a paper with nice pictures but no details.
I asked AMP the question but got no answer untill now.
I am going to ask CQG today.

Because in AMP MT5 for exchange instruments provider CQG

I unfortunately didn't know for T7
I doubt that CQG uses this data stream.
For its servers, it uses direct connections and most likely the CEF feeds.
It is better to check with CQG and the broker.

It doesn't have to be London and NewYork.
CQG is a global provider, and most likely for the EUREX exchange has a colocation in Germany. This again needs to be clarified with CQG.

AMP uses this or another gateway on ITS side as a broker by default. Therefore, the broker's side is already linked to CQG.

The AMP server sends orders to the CQG server using the aforementioned gateway.
But I suspect that this is not the case for SL and TP MT5.
And they live on the AMP server. Therefore, for those linked to the SL or TP position, I believe that there is a difference.

Yes indeed EUREX accepts Stop market order and Stop limit order. We really need to contact CQG and clarify this issue. Where they store stop orders for the EUREX exchange.
If there is information on this issue, from the broker or CQG, please share what they answered.

The broker may not know this information.
But it's strange why there is no feedback from the broker.
Better to send this question to CQG.
They know this issue better than the broker.