015/2026: Amendments to the GTC to the Connection Agreement, to the GTC to the Provider Connection Agreement of the Frankfurter Wertpapierbörse, and amendments to Price List for the Utilization of the Exchange EDP of FWB Frankfurt Stock Exchange and of the EDP XONTRO, effective as of 1 June 2026

1.  Introduction 

With this circular, we inform you about amendments to the GTC to the Connection Agreement, to the GTC to the Provider Connection Agreement of the Frankfurter Wertpapierbörse and to the Price List for the Utilization of the Exchange EDP of FWB Frankfurt Stock Exchange and the EDP XONTRO, Part A (T7 Price List), effective as of 1 June 2026. 

The amendments to the GTC to the Connection Agreement and to the GTC to the Provider Connection Agreement of the Frankfurter Wertpapierbörse relate to the introduction of the Enhanced Drop Copy Interface (EDCI).

The amendments to the T7 Price List relate to the following:

A.  Introduction of the Enhanced Drop Copy Interface Session (EDCI Session)
B.  Introduction of the Auction Volume Discovery Order (AVD Order) with broker internalization identification

2.  Required action 

The amendments apply across the board to all Trading Participants of the FWB. We kindly ask Trading Participants to review their use of the new services.

3.  Details of the initiative

Amendments to the GTC to the Connection Agreement and to the GTC to the Provider Connection Agreement of the Frankfurter Wertpapierbörse:

With T7 Release 14.1, Deutsche Börse AG introduces the Enhanced Drop Copy Interface (EDCI) for the exchange trading place Deutsche Börse Xetra. The EDCI provides a comprehensive overview of all orders in the Deutsche Börse Xetra order books (including lean orders).

Amendments to the T7 Price List:

A.  Introduction of the Enhanced Drop Copy Interface Session (EDCI Session)

The use of the EDCI requires an EDCI session, for which a monthly fee of €200 applies.

Furthermore, editorial changes were made in the relevant section 1.2 “Sessions” of the T7 Price List.

B.  Introduction of the Auction Volume Discovery Order (AVD Order) with broker internalization identification

With T7 Release 14.1, Deutsche Börse AG introduces the Auction Volume Discovery (AVD) functionality for the exchange trading place Deutsche Börse Xetra. If AVD orders with broker internalization identification of a Trading Participant are executed against each other, no transaction fee shall be charged for these transactions.


The amendments will be deemed to be approved, unless the Trading Participant admitted at the Frankfurt Stock Exchange or Vendor files objections to the amendments with Deutsche Börse AG, Mergenthalerallee 61, 65760 Eschborn, Germany, in writing within six weeks after the amendments’ announcement. 

Attachments:  

• 1 – Amended sections of the General Terms and Conditions of the Agreement on the Utilization of the Exchange EDP of the Frankfurt Stock Exchange and of the EDP Xontro (Connection Agreement), effective as of 1 June 2026

• 2 – Amended sections of the General Terms and Conditions to the Agreement on technical connection of a Multi-Member Service Provider to the Exchange-EDP of Frankfurter Wertpapierbörse (Provider Connection Agreement), effective as of 1 June 2026

• 3 – Amended sections of the Price List for the Utilization of the Exchange EDP of FWB Frankfurt Stock Exchange and the EDP XONTRO, Part A (Price List T7), effective as of 1 June 2026

Further information