This section provides an overview of the available system documentation.
May 05, 2025
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.
DownloadMay 05, 2025
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.
DownloadMar 17, 2025
The release notes for T7 give an overview of the functional and technical enhancements and changes to be introduced.
DownloadMar 17, 2025
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.
DownloadMar 17, 2025
This document provides a detailed insight into the functional concepts of the T7 trading architecture.
DownloadMar 17, 2025
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
Jun 15, 2026
The release notes for T7 give an overview of the functional and technical enhancements and changes to be introduced.
Download
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
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.
An instant update of the Market Status requires an enabled up-to date Java™ version within the browser.