Initiatives & Releases

Release 14.0

This section provides an overview of the available system documentation. You can find the Implementation News in the Data & Tech > Information Channels section.


Overview and Functionality


30 Oct 2025

T7 Release 14.0 Functional Reference, Version 3

This document provides a detailed insight into the functional concepts of the T7 trading architecture.

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27 Oct 2025

T7 Market Model for the Trading Venue Xetra

This document describes the principles of order handling, order matching and price determination as offered by the different trading forms typically available on the trading venue Xetra: auction and continuous trading.

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27 Oct 2025

T7 Market Model Continuous Auction

The purpose of this document is to describe electronic trading of instruments in the Continuous Auction trading models. The market model defines the principles of order matching and price determination as implemented in the trading system. This includes the available trading models, the prioritization of orders, the different order types and the transparency, i.e. the type and the extent of information available to market participants during trading hours. 

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26 Aug 2025

Focus Call: Xetra Retail Trading Hours Extension Q&A

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18 Aug 2025

T7 Release 14.0 - Final Functional Technical Release Notes Xetra & Börse Frankfurt, Version 1

The release notes for T7 give an overview of the functional and technical enhancements and changes to be introduced.

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18 Aug 2025

T7 Release 14.0 - Functional & Interface Overview, Version 1

The document provides an overview of T7. It describes the major functional and system features, and provides a high level description of the interface landscape.

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18 Aug 2025

T7 Release 14.0 - T7 Cross System Traceability, Version 1

This document contains detailed information on order, quote and trade traceability across trading and clearing systems focusing on the markets XEUR (Eurex Frankfurt) and XETR (Xetra Frankfurt).

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Introduction of T7 Release 14.0

Deutsche Börse plans to introduce T7 Release 14.0 on 10 November 2025 for the trading venues Xetra and Frankfurt.

Market Status XETR

XETR

The market status window is an indication regarding the current technical availability of the trading system. It indicates whether news board messages regarding current technical issues of the trading system have been published or will be published shortly.

Please find further information about incident handling in the Emergency Playbook published on the webpage under Data & Tech > Information Channels > Emergency procedures. Detailed information about incident communication, market re-opening procedures and best practices for order and trade reconciliation can be found in the chapters 4.2, 4.3 and 4.5, respectively. Concrete information for the respective incident will be published during the incident via newsboard message

We strongly recommend not to take any decisions based on the indications in the market status window but to always check the production news board for comprehensive information on an incident.

Emergency procedures

An instant update of the Market Status requires an enabled up-to date Java™ version within the browser.