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Step 5: First Trading Day

The introduction/inclusion of securities on the Frankfurt Stock Exchange leads to the trading platform Deutsche Börse Xetra and/or Deutsche Börse Frankfurt.

Xetra

Xetra is an electronic cash market trading system and the reference market for exchange trading in German shares and also the European market leader in exchange-traded funds (ETFs). The price fixing on Xetra is conducted according to clearly defined and transparent rules. Trading participants who decide to trade through Xetra profit from the highest liquidity and the fair prices of a major marketplace.

Trading model: Continuous trading with auctions

Frankfurt

At Deutsche Börse Frankfurt (FWB®, the Frankfurt Stock Exchange), private investors can buy and sell about 1.5 million securities of German and international issuers. Specialists on the trading floor attend to the trading of the securities. They ensure the immediate execution of orders and guarantee the best possible price.

Trading model: Continuous auction with Specialist


Now, look forward to celebrating your first day as a listed company on the capital market.


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

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