Initiatives & Releases

T7 Release 15.0

Deutsche Börse is introducing T7 Release 15.0 on 09 November 2026. This release introduces significant enhancements designed to improve your trading experience and risk management capabilities, including a new Sponsored Access model to broaden market connectivity and advanced tools for more granular control over your trading strategies.

Simulation start: 31 August 2026 
Production start: 09 November 2026


Bezugsrechtehandel_DE_1600 x 360-1

 


Activation Dates



Functionality

Planned
Simulation Activation
Planned*
Production Activation

Sponsored Access: Base Functionality

Q4 2026

Q1 2027

Sponsored Access: Risk Requirements, Restricted List, Stop Trading Request with ORL

Q4 2026

Q1 2027

Xetra Midpoint Trading Enhancements

9 Sept 2026

16 Nov 2026

*Official dates to be confirmed via circular



System Documentation

Circulars

Readiness Videos

Release Items/Participants Requirements

Feature/Enhancement 

Details

Action Item

Sponsored Access (SpA) & Overall Risk Limit (ORL) Functionality

A new "Sponsored Access" model will be introduced, allowing admitted Trading Participants to provide their clients with low-latency direct access to the Deutsche Börse Xetra platform.


This benefits clients by offering a new, highly flexible access path. The integrated ORL functionality enables sponsoring participants to set three levels of automated risk controls (warning, slowdown, and stop-trading), enhancing risk management.

Clients who wish to act as Sponsored Access Providers are advised to prepare their technical systems and operational processes for this new model. We strongly recommend using the dedicated simulation environment for comprehensive testing.

Xetra Midpoint Enhancements

Two new optional trading restrictions will be available for Xetra Midpoint Orders, providing more granular control over trading strategies.


The "Midpoint-Book-Only" restriction prevents immediate execution, while the "Counterparty-Resting-Time" restriction ensures orders are only executed against other orders that have rested in the book for a minimum period.

Clients who utilize Midpoint Orders and wish to use these new functions are encouraged to update their trading applications. Testing in the simulation environment is encouraged. 

Enhanced Drop Copy Interface (EDCI) Improvements

The EDCI will be upgraded to include retransmission services and provide information on rejected order transactions. This enhancement creates a more robust data feed for improved monitoring and reconciliation.

Clients using the EDCI are advised to adapt their applications to process the new information.

Contacts

Connection, admissions, changes, functional member readiness

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

Telefone Please contact your Key Account Manager


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.