Live Markets

Featured

Why Frankfurt? Contacts & Hotlines
Raise Capital
Road to IPO IPO Bonds DirectPlace
List Products
Get Started Our Markets Equities ETFs & ETPs Certificates & Warrants
Capital Market Partner
Search
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

Capital Market Partner Contacts & Hotlines
Overview
Issuer Services
Data & Webservices Events & Conferences Training
Follow-up Obligations & Exchange Reporting System
Follow-up Obligations Regulated Market Follow-up Obligations Open Market Exchange Reporting System

Deutsches Eigenkapitalforum

Europe's leading conference for corporate finance.

Featured

Xetra & Frankfurt Newsboard Xetra Midpoint Contacts & Hotlines
Trading Calendar and Trading Hours
Archive
Tradable Instruments Xetra
Tradable Instruments Frankfurt Downloads
Equities
Top Liquids (XLM) List of Tradable Shares DAX Listed Blue Chips
ETFs & ETPs
New ETFs & ETPs Products ESG ETFs Crypto-ETNs Multi-currency Issuer Profiles Xetra Liquidity Measure (XLM) for ETFs
Bonds
Certificates & Warrants
Funds
Order Types & Attributes
Xetra
Continuous Trading with Auctions Designated Sponsor and Market Maker Special Execution Services Protective Mechanisms Market Quality
Frankfurt
Continuous Auction with Specialist Specialists
Admission to Trading
Fees & Charges Trading Participants Trader Admission

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

Top Liquids (XLM) Xetra Liquidity Measure (XLM) for ETFs Tradable Instruments Xetra Contacts & Hotlines
Statistics
New Companies Listed Companies Turnover Statistics Foreign Shares ETF & ETPs Funds Certificates & Warrants Market Data
Initiatives & Releases
T7 Release 14.1 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)
Technology
T7 Trading System T7 Cloud Simulation Access & Interfaces T7 GUI Launcher Co-location Services Vendors
Information Channels
Service Status Implementation News T7 Maintenance Overview Emergency Procedures Publications & Videos
Financial Markets Solutions
Exchange Solutions Corporate Solutions Consultancy Services Xentric

Featured

Xetra & Frankfurt Newsboard Press Releases Contacts & Hotlines
Events
Event archive Media Gallery: Events
Visit Frankfurt Stock Exchange
Newsletter
News & Knowledge Center
Press Releases Xetra & Frankfurt Newsboard Shareholder Notices ETFs Prospectuses for Admittance to the FWB Inclusion documents for inclusion in Scale Publications Focus News Media Library Podcast
Circulars
Deutsche Börse Circulars Open Market Circulars Specialists Circulars Listing Circulars Subscription
FWB Announcements
FWB Information on Listing Procedures
Rules & Regulations
Publication of Sanctions Notice of Insolvencies
Current Regulatory Topics
MiFID II Post-trade Transparency MiFID II Trading Suspensions

Circulars and newsletters

Stay informed about current topics, documentaries, and events in the stock market environment.

Deutsch

Live Markets

Get Listed

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

Raise Capital

Road to IPO

IPO

Bonds

DirectPlace

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

List Products

Get Started

Our Markets

Equities

ETFs & ETPs

Certificates & Warrants

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

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

Why Frankfurt?

Contacts & Hotlines

Being Public

Overview

Deutsches Eigenkapitalforum

Europe's leading conference for corporate finance.

Featured

Capital Market Partner

Contacts & Hotlines

Issuer Services

Data & Webservices

Events & Conferences

Training

Deutsches Eigenkapitalforum

Europe's leading conference for corporate finance.

Featured

Capital Market Partner

Contacts & Hotlines

Follow-up Obligations & Exchange Reporting System

Follow-up Obligations Regulated Market

Follow-up Obligations Open Market

Exchange Reporting System

Deutsches Eigenkapitalforum

Europe's leading conference for corporate finance.

Featured

Capital Market Partner

Contacts & Hotlines

Trade

Bonds

Certificates & Warrants

Funds

Order Types & Attributes

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

Xetra & Frankfurt Newsboard

Xetra Midpoint

Contacts & Hotlines

Trading Calendar and Trading Hours

Archive

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

Xetra & Frankfurt Newsboard

Xetra Midpoint

Contacts & Hotlines

Tradable Instruments Xetra

Tradable Instruments Frankfurt

Downloads

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

Xetra & Frankfurt Newsboard

Xetra Midpoint

Contacts & Hotlines

Equities

Top Liquids (XLM)

List of Tradable Shares

DAX Listed Blue Chips

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

Xetra & Frankfurt Newsboard

Xetra Midpoint

Contacts & Hotlines

ETFs & ETPs

New ETFs & ETPs

Products

ESG ETFs

Crypto-ETNs

Multi-currency

Issuer Profiles

Xetra Liquidity Measure (XLM) for ETFs

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

Xetra & Frankfurt Newsboard

Xetra Midpoint

Contacts & Hotlines

Xetra

Continuous Trading with Auctions

Designated Sponsor and Market Maker

Special Execution Services

Protective Mechanisms

Market Quality

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

Xetra & Frankfurt Newsboard

Xetra Midpoint

Contacts & Hotlines

Frankfurt

Continuous Auction with Specialist

Specialists

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

Xetra & Frankfurt Newsboard

Xetra Midpoint

Contacts & Hotlines

Admission to Trading

Fees & Charges

Trading Participants

Trader Admission

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

Xetra & Frankfurt Newsboard

Xetra Midpoint

Contacts & Hotlines

Data & Tech

Featured

Top Liquids (XLM)

Xetra Liquidity Measure (XLM) for ETFs

Tradable Instruments Xetra

Contacts & Hotlines

Statistics

New Companies

Listed Companies

Turnover Statistics

Foreign Shares

ETF & ETPs

Funds

Certificates & Warrants

Market Data

Featured

Top Liquids (XLM)

Xetra Liquidity Measure (XLM) for ETFs

Tradable Instruments Xetra

Contacts & Hotlines

Initiatives & Releases

T7 Release 14.1

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)

Featured

Top Liquids (XLM)

Xetra Liquidity Measure (XLM) for ETFs

Tradable Instruments Xetra

Contacts & Hotlines

Technology

T7 Trading System

T7 Cloud Simulation

Access & Interfaces

T7 GUI Launcher

Co-location Services

Vendors

Featured

Top Liquids (XLM)

Xetra Liquidity Measure (XLM) for ETFs

Tradable Instruments Xetra

Contacts & Hotlines

Information Channels

Service Status

Implementation News

T7 Maintenance Overview

Emergency Procedures

Publications & Videos

Featured

Top Liquids (XLM)

Xetra Liquidity Measure (XLM) for ETFs

Tradable Instruments Xetra

Contacts & Hotlines

Financial Markets Solutions

Exchange Solutions

Corporate Solutions

Consultancy Services

Xentric

Featured

Top Liquids (XLM)

Xetra Liquidity Measure (XLM) for ETFs

Tradable Instruments Xetra

Contacts & Hotlines

Stay Informed

Visit Frankfurt Stock Exchange

Newsletter

Circulars and newsletters

Stay informed about current topics, documentaries, and events in the stock market environment.

Featured

Xetra & Frankfurt Newsboard

Press Releases

Contacts & Hotlines

Events

Event archive

Media Gallery: Events

Circulars and newsletters

Stay informed about current topics, documentaries, and events in the stock market environment.

Featured

Xetra & Frankfurt Newsboard

Press Releases

Contacts & Hotlines

News & Knowledge Center

Press Releases

Xetra & Frankfurt Newsboard

Shareholder Notices ETFs

Prospectuses for Admittance to the FWB

Inclusion documents for inclusion in Scale

Publications

Focus News

Media Library

Podcast

Circulars and newsletters

Stay informed about current topics, documentaries, and events in the stock market environment.

Featured

Xetra & Frankfurt Newsboard

Press Releases

Contacts & Hotlines

Circulars

Deutsche Börse Circulars

Open Market Circulars

Specialists Circulars

Listing Circulars

Subscription

Circulars and newsletters

Stay informed about current topics, documentaries, and events in the stock market environment.

Featured

Xetra & Frankfurt Newsboard

Press Releases

Contacts & Hotlines

FWB Announcements

FWB Information on Listing Procedures

Circulars and newsletters

Stay informed about current topics, documentaries, and events in the stock market environment.

Featured

Xetra & Frankfurt Newsboard

Press Releases

Contacts & Hotlines

Rules & Regulations

Publication of Sanctions

Notice of Insolvencies

Circulars and newsletters

Stay informed about current topics, documentaries, and events in the stock market environment.

Featured

Xetra & Frankfurt Newsboard

Press Releases

Contacts & Hotlines

Current Regulatory Topics

MiFID II

Post-trade Transparency

MiFID II Trading Suspensions

Circulars and newsletters

Stay informed about current topics, documentaries, and events in the stock market environment.

Featured

Xetra & Frankfurt Newsboard

Press Releases

Contacts & Hotlines
Deutsch
Initiatives & Releases
T7 Release 14.1 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.
  • Non-retail orders and quotes do not participate in the Extended Xetra Retail Service.
  • For non-retail orders, regular order management is possible during pre-trading as well as during early, late, and post-trading.

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!

Imprint Disclaimer Privacy Notice Sitemap
© Deutsche Börse