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Ring the Bell

IPOs, index ascents, listing jubilees: 
Celebrate your company’s milestones with a
bell ringing ceremony on the
trading floor in Frankfurt.

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Raise Capital

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Ring the Bell

IPOs, index ascents, listing jubilees: 
Celebrate your company’s milestones with a
bell ringing ceremony on the
trading floor in Frankfurt.

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List Products

Get Started

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Ring the Bell

IPOs, index ascents, listing jubilees: 
Celebrate your company’s milestones with a
bell ringing ceremony on the
trading floor in Frankfurt.

Featured

Why Frankfurt?

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Capital Market Partner

Search

Ring the Bell

IPOs, index ascents, listing jubilees: 
Celebrate your company’s milestones with a
bell ringing ceremony on the
trading floor in Frankfurt.

Featured

Why Frankfurt?

Contacts & Hotlines

IPO & Bell Ringing Ceremony

Media Gallery

Ring the Bell

IPOs, index ascents, listing jubilees: 
Celebrate your company’s milestones with a
bell ringing ceremony on the
trading floor in Frankfurt.

Featured

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Deutsches Eigenkapitalforum

Save the date: 24 - 26 November 2025. Steigenberger Ariport Hotel Frankfurt

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Save the date: 24 - 26 November 2025. Steigenberger Ariport Hotel Frankfurt

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The trading feature is aimed at institutional clients and gives them access to a dark pool that facilitates efficient execution of orders at the midpoint price.

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The trading feature is aimed at institutional clients and gives them access to a dark pool that facilitates efficient execution of orders at the midpoint price.

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The trading feature is aimed at institutional clients and gives them access to a dark pool that facilitates efficient execution of orders at the midpoint price.

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The trading feature is aimed at institutional clients and gives them access to a dark pool that facilitates efficient execution of orders at the midpoint price.

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The trading feature is aimed at institutional clients and gives them access to a dark pool that facilitates efficient execution of orders at the midpoint price.

Featured

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Xetra

Continuous Trading with Auctions

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Xetra Midpoint

The trading feature is aimed at institutional clients and gives them access to a dark pool that facilitates efficient execution of orders at the midpoint price.

Featured

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Continuous Auction with Specialist

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The trading feature is aimed at institutional clients and gives them access to a dark pool that facilitates efficient execution of orders at the midpoint price.

Featured

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Xetra Midpoint

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The trading feature is aimed at institutional clients and gives them access to a dark pool that facilitates efficient execution of orders at the midpoint price.

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Initiatives & Releases
T7 Release 14.0 T7 Release 13.1 T7 Release 13.0 Release 12.1 Release 12.0 Simulation Calendar T7 WebGUI ISV Registration & Software Management Initiative Extended Xetra Retail Service Digital Operational Resilience Act (DORA)

Extended Xetra Retail Service

With T7 Release 14.0 Deutsche Börse is planning to introduce the Extended Xetra Retail Service.

Simulation start: 01 Sept 2025 (T7 Release 14.0), 17 Sept 2025 (Extended Xetra Retail Service)
Technical readiness: 10 November 2025 (T7 Release 14.0)
Xetra Retail Service Start: 1 December 2025

As the launch of the new trading model in conjunction with the introduction of early and late trading will impact all clients, we would like to point out the following:

  • New product and instrument statuses will be published in the Market Data signifying the early or late retail trading product statuses.
  • The duration of the opening auction and the duration of Trade-at-close (TAC) will be reduced.
  • Opening Auction: The Opening Auction will start five minutes later, at 8:55 a.m. CE(S)T. The transition to Continuous Trading will take place between 9:00 a.m. and 9:04 a.m. CE(S)T, depending on the market segment.
  • Trade-at-Close (TAC): The "Trade-at-Close" trading phase that takes place after the Closing Auction will be shortened from the previous maximum of ten minutes to five minutes and will only be available for DAX®, MDAX® and SDAX®. In the future, it will take place in the time window from 5:35 p.m. to 5:40 p.m. CE(S)T
  • Market Data from the early- and late-trading will be published in the Market Data during those new product statuses.
  • Due to the introduction of late trading, the standard end-of-service messages will be distributed later than usual, reflecting the extended trading timeframe.
  • Reports will also be generated at a later point in time.
  • Regular order maintenance will be enabled during those new product statuses as it would be during pre-trading or closing for non-retail orders or quotes.
  • Non-retail orders and quotes will not be affected by this Extended Xetra Retail Service and will not take part in these retail auctions.

Please be aware that all clients (no matter if they are participating or not in the Extended Xetra Retail Service) need to consider these changes!

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