Release 14.1

Enhanced Trading Interface

23. März 2026

T7 Release 14.1 Enhanced Trading Interface - Manual, Version 2

The document provides information relating to the T7 Enhanced Trading Interface (ETI) and contains a detailed description of the concepts and the messages used by the interface for both the Cash and Derivatives Markets.

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23. März 2026

T7 Release 14.1 Enhanced Trading Interface - Derivatives Message Reference, Version 2

This document provides a reference to all message formats for the Enhanced Trading Interface derivatives markets.

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23. März 2026

T7 Release 14.1 Enhanced Trading Interface - Cash Message Reference, Version 2

This document provides a reference to all message formats for the Enhanced Trading Interface cash markets.

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23. März 2026

T7 Release 14.1 Enhanced Trading Interface - XSD XML representation and layouts, Version 2

The package contains the XML representation and the schema files for the Enhanced Trading Interface (ETI) for both the Cash and Derivatives Markets.

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20. März 2026

T7 Simulation Public Key for ETI password encryption [sequence no.4]

Public key for ETI session and user login with password encryption.

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20. März 2026

T7 Börse Frankfurt Simulation Public Key for ETI password encryption [sequence no. 4]

Public key for ETI session and user login with password encryption

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17. Mai 2025

T7 Production Public Key for ETI password encryption [sequence no.3]

Public key for ETI session and user login with password encryption.

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17. Mai 2025

T7 Börse Frankfurt Production Public Key for ETI password encryption [sequence no.3]

Public key for ETI session and user login with password encryption

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System Documentation

04. Mai 2026

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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04. Mai 2026

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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27. Apr. 2026

T7 Release 14.1 - Functional Technical Release Notes Deutsche Börse Xetra & Deutsche Börse Frankfurt, Version 2

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

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23. März 2026

T7 Release 14.1 - Focus Call Presentation

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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09. März 2026

T7 Release 14.1 - 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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09. März 2026

T7 Release 14.1 Functional Reference, Version 1

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

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09. März 2026

T7 Release 14.1 - 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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24. Apr. 2026

T7 Release 14.1 - Derivatives Markets Gui Whats New, Version 1

This document provides compact information of the new GUI related features for the release.

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24. Apr. 2026

T7 Release 14.1 - Cash Markets Gui Whats New, Version 1

This document provides compact information of the new GUI related features for the release.

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09. März 2026

T7 Release 14.1 - Web App Connectivity Guide Version 1

This document describes the connectivity options and setup process to access GUIs from the T7 Web App family.

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09. März 2026

T7 Release 14.1 - Derivatives Markets - Participant and User Maintenance - Manual, Version 1

This manual is intended to assist service administrators who are responsible for maintaining participant and user related data in T7.

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09. März 2026

T7 Release 14.1 - Cash Markets - Participant and User Maintenance - Manual, Version 1

This manual is intended to assist service administrators who are responsible for maintaining participant and user related data in T7.

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09. März 2026

T7 Release 14.1 - Trader GUI, Admin GUI and Clearer GUI - Installation Manual, Version 1

This document provides information on Deutsche Börse's T7 GUI solutions, the T7 Trader GUI, T7 Admin GUI and T7 Clearer GUI from a technical point of view. The document explains how to establish connection to Deutsche Börse's T7 with the GUI solutions.

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27. Feb. 2026

T7 Release 14.1 Derivatives Markets Trader, Admin and Clearer GUI Manual, Version 1

This document provides information on the T7 Derivatives Markets GUI solutions, the Eurex Trader GUI, Admin GUI and Clearer GUI for T7. All views and functions of the T7 Derivatives Markets GUIs are described.

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27. Feb. 2026

T7 Release 14.1 Cash Markets Trader, Admin and Clearer GUI Manual, Version 1

This document provides information on the T7 Cash Markets GUI solutions, the Xetra Trader GUI, Xetra Admin and Xetra Clearer GUI for T7. All views and functions of the T7 Cash Markets GUIs are described.

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Circulars

Readiness Statement

Readiness Videos

Release Inhalte/Teilnehmeranforderungen

Funktion / Erweiterung	Details	To‑do´s
Einführung der Enhanced Drop Copy (EDC) für die Cash-Märkte	Wir führen eine neue Enhanced Drop Copy (EDC)-Schnittstelle ein, die Ihnen einen vollständigen und konsolidierten Überblick über alle Ihre Orderaktivitäten bietet – einschließlich „Lean Orders“, die im aktuellen Listener-Broadcast nicht enthalten sind. Handelsteilnehmer erhalten dadurch eine umfassende Übersicht über Ihren Orderbestand für ein verbessertes internes Risikomanagement und eine einfachere Abstimmung. Clearing-Mitglieder können nun ein Pre-Trade-Risikomonitoring in Echtzeit durchführen, indem Sie die gesamten Orderbuchaktivitäten Ihrer Handelsteilnehmer überwachen.	Interessierte Handelsteilnehmer und Clearing-Mitglieder müssen sich für eine neue EDC-Session anmelden. Clearing-Mitglieder müssen zudem über das T7 Admin/Clearer GUI die Zustimmung ihrer Handelsteilnehmer einholen, um deren Orderfluss zu erhalten.
Einführung der „Auction Volume Discovery“ (AVD) im fortlaufenden Handel	Für alle planmäßigen Auktionen auf Xetra wird der neue Ordertyp „Auction Volume Discovery“ (AVD) eingeführt. Indem eine Order als AVD kennzeichnet wird, kann diese zum Auktionspreis ausgeführt werden, ohne den Preisfindungsprozess selbst zu beeinflussen. Diese Funktion ermöglicht es, große Volumina mit minimalen Marktauswirkungen auszuführen. Sie bietet zudem eine priorisierte Zusammenführung interner Orders derselben Geschäftseinheit durch die Verwendung einer „Internalisierungs-Kennung“, was Kunden mehr Flexibilität und Kontrolle über die Auktionsstrategien gibt.	Um diesen neuen Ordertyp nutzen zu können, müssen Handelsteilnehmer ihre Handelsapplikationen und internen Systeme anpassen. Umfassende Tests in der bereitgestellten Simulationsumgebung werden dringend empfohlen, um die Software-Readiness sicherzustellen..
Quote Request Solution (QRS) in der fortlaufenden Auktion	Mit dieser Änderung können Handelsteilnehmer direkt eine Preisnotierung (Quote) von einem Market Maker für ein Instrument anfordern. Nach dessen Antwort können Sie die Quote akzeptieren, was zu einer Ausführung innerhalb der nächsten Auktion führen kann. Dies optimiert den Handelsprozess für diese spezifischen Produkte.	Um diese neue Funktionalität nutzen zu können, müssen Handelsteilnehmer sicherstellen, dass ihre Handelssoftware auf die Änderungen vorbereitet ist. Wir empfehlen umfassende Tests in der Simulationsumgebung, um die Bereitschaft zu überprüfen.

Contacts

Connection, admissions, changes, functional member readiness

Without admission write to: client.services@deutsche-boerse.com

T: Please contact your Key Account Manager

Ring the Bell

Deutsches Eigenkapitalforum

Xetra Midpoint

Rundschreiben und Newsletter

Ring the Bell

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Deutsches Eigenkapitalforum

Deutsches Eigenkapitalforum

Deutsches Eigenkapitalforum

Xetra Midpoint

Xetra Midpoint

Xetra Midpoint

Xetra Midpoint

Xetra Midpoint

Xetra Midpoint

Xetra Midpoint

Xetra Midpoint

Rundschreiben und Newsletter

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Release 14.1

Inhaltsverzeichnis

Enhanced Trading Interface

T7 Release 14.1 Enhanced Trading Interface - Manual, Version 2

T7 Release 14.1 Enhanced Trading Interface - Derivatives Message Reference, Version 2

T7 Release 14.1 Enhanced Trading Interface - Cash Message Reference, Version 2

T7 Release 14.1 Enhanced Trading Interface - XSD XML representation and layouts, Version 2

T7 Simulation Public Key for ETI password encryption [sequence no.4]

T7 Börse Frankfurt Simulation Public Key for ETI password encryption [sequence no. 4]

T7 Production Public Key for ETI password encryption [sequence no.3]

T7 Börse Frankfurt Production Public Key for ETI password encryption [sequence no.3]

Inhaltsverzeichnis

System Documentation

Overview and Functionality

T7 Market Model for the Trading Venue Xetra

T7 Market Model Continuous Auction

T7 Release 14.1 - Functional Technical Release Notes Deutsche Börse Xetra & Deutsche Börse Frankfurt, Version 2

T7 Release 14.1 - Focus Call Presentation

T7 Release 14.1 - Functional & Interface Overview, Version 1

T7 Release 14.1 Functional Reference, Version 1

T7 Release 14.1 - T7 Cross System Traceability, Version 1

Enhanced Trading Interface

T7 Release 14.1 Enhanced Trading Interface - Manual, Version 2

T7 Release 14.1 Enhanced Trading Interface - Derivatives Message Reference, Version 2

T7 Release 14.1 Enhanced Trading Interface - Cash Message Reference, Version 2

T7 Release 14.1 Enhanced Trading Interface - XSD XML representation and layouts, Version 2

T7 Simulation Public Key for ETI password encryption [sequence no.4]

T7 Börse Frankfurt Simulation Public Key for ETI password encryption [sequence no. 4]

T7 Production Public Key for ETI password encryption [sequence no.3]

T7 Börse Frankfurt Production Public Key for ETI password encryption [sequence no.3]

Enhanced Drop Copy Interface

T7 Release 14.1 Enhanced Drop Copy Interface - Manual, Version 1

T7 Release 14.1 Enhanced Drop Copy Interface - Derivatives Message Reference, Version 1

T7 Release 14.1 Enhanced Drop Copy Interface - Cash Message Reference, Version 1

T7 Release 14.1 Enhanced Drop Copy Interface - XSD XML representation and layouts, Version 1

FIX LF

T7 Release 14.1 FIX LF Interface - FIX LF Manual, Version 2

T7 Release 14.1 FIX LF Interface - Derivatives Message Reference, Version 2

T7 Release 14.1 FIX LF Interface - Cash Message Reference, Version 2

T7 Release 14.1 - FIX LF XSD XML representation and layouts, Version 2

Market and Reference Data Interfaces

GUI Solutions

T7 Release 14.1 - Derivatives Markets Gui Whats New, Version 1

T7 Release 14.1 - Cash Markets Gui Whats New, Version 1

T7 Release 14.1 - Web App Connectivity Guide Version 1

T7 Release 14.1 - Derivatives Markets - Participant and User Maintenance - Manual, Version 1

T7 Release 14.1 - Cash Markets - Participant and User Maintenance - Manual, Version 1

T7 Release 14.1 - Trader GUI, Admin GUI and Clearer GUI - Installation Manual, Version 1

T7 Release 14.1 Derivatives Markets Trader, Admin and Clearer GUI Manual, Version 1

T7 Release 14.1 Cash Markets Trader, Admin and Clearer GUI Manual, Version 1

Network Access

T7 Disaster Recovery Concept 2026 - Interface Configuration Details v.1.1

N7 Network Access Guide v.2.9.4