Initiatives & Releases

Release 12.1

This section provides an overview of the available system documentation.

Overview and Functionality

14 May 2024

T7 Release 12.1 - Functional Reference, Version 3

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

Download

30 Apr 2024

T7 Release 12.1 - 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. 

Download

30 Apr 2024

T7 Release 12.1 - 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.

Download

11 Mar 2024

T7 Release 12.1 - 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.

Download

11 Mar 2024

T7 Release 12.1 - Function & 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.

Download

11 Mar 2024

T7 Release 12.1 - 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).

Download

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.