T7 Release 14.1

Functionality	Simulation Activation	Production Activation
Xetra Auction Transparency Enhancement	17 April 2026	1 June 2026*
Auction Volume Discovery (AVD)	17 April 2026	1 June 2026*
*To be confirmed via Circular Announcement

System Documentation

Apr 24, 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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Apr 24, 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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Mar 09, 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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Mar 09, 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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Mar 09, 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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Mar 09, 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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Feb 27, 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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Feb 27, 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 Items/Participants Requirements

Feature/Enhancement	Details	Action Item
Enhanced Drop Copy (EDC) Interface for Cash Markets	We are launching a new Enhanced Drop Copy (EDC) interface that provides a complete and consolidated feed of all client order activities, including "lean orders" which are not available in the current listener broadcast. This offers Trading Participants a comprehensive overview of their order inventory for improved internal risk management and easier reconciliation. Clearing Members will be able to perform real-time, pre-trade risk monitoring by overseeing the complete order book activity of your trading participants.	To use this service, interested Trading Participants and Clearing Members must sign up for a new EDC session. Clearing Members will also need to request and receive approval from their Trading Participants via the T7 Admin/Clearer GUI to access their order flow.
Auction Volume Discovery (AVD) in Continuous Trading	A new "Auction Volume Discovery" (AVD) order type will be introduced for all scheduled auctions on Xetra. By flagging an order as AVD, it can be executed at the auction price without influencing the price formation process itself. This feature allows Trading Participants to execute large volumes while minimizing market impact. It also enables prioritized matching for internal orders from the same business unit when using an "Internalization ID," offering greater flexibility and control over your auction strategies.	To utilize this new order type, clients will need to adapt their trading applications and internal systems. Comprehensive testing in the provided simulation environment is strongly recommended to ensure the software is ready.
Quote Request Solution (QRS) in Continuous Auction	The Quote Request Solution (QRS) will be extended to the Continuous Auction with Market Maker trading model, which is currently used for structured products on Deutsche Börse Frankfurt. This change allows you to directly request a quote from a Market Maker for an instrument. Following their response, you can accept the quote, which may lead to an execution within the next auction, streamlining the trading process for these specific products.	To take advantage of this new functionality, clients will need to ensure that their trading software is prepared for the changes. We encourage thorough testing in the simulation environment to confirm readiness.

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

Circulars and newsletters

Ring the Bell

Ring the Bell

Ring the Bell

Ring the Bell

Ring the Bell

Deutsches Eigenkapitalforum

Deutsches Eigenkapitalforum

Deutsches Eigenkapitalforum

Xetra Midpoint

Xetra Midpoint

Xetra Midpoint

Xetra Midpoint

Xetra Midpoint

Xetra Midpoint

Xetra Midpoint

Xetra Midpoint

Circulars and newsletters

Circulars and newsletters

Circulars and newsletters

Circulars and newsletters

Circulars and newsletters

Circulars and newsletters

Circulars and newsletters

T7 Release 14.1

System Documentation

Overview and Functionality

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]

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

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

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

N7 Network Access Guide v.2.9.4

T7 Market Data Report Derivatives 2026-02-26

T7 Market Data Report Cash 2026-02-26

T7 Disaster Recovery Concept 2026 - Interface Configuration Details v.1.0

Reports

Common Report & Upload Engine User Guide - version 2026.04

T7 Release 14.1 - XML Report Reference Manual, Version 1

T7 Release 14.1 - XML Report Manual Modification Notes, Version 1

T7 Release 14.1 - Reports - XML Schema Files, Version 1

Cash Markets - Bilateral Aggregation – Service Description, Version 1

Cash Markets - Bilateral Aggregation – Report Description, Version 1

Simulation

Known Limitations for T7 Release 14.1 Simulation, Version 2

T7 Release 14.1 - Derivatives and Cash Markets - Participant Simulation Guide, Version 1

T7 Börse Frankfurt Simulation Supported Instruments List