According to section 44, clause 4 of the Exchange Rules for the Frankfurter Wertpapierbörse, in cases of technical problems, Trading Members may request Frankfurter Wertpapierbörse (further: FWB®) to perform certain order book activities in trading systems on their behalf (i.e. Trading on Behalf service; further ToB).
Generally, ToB can be categorized into two types:
Currently, an active user ID (i.e. combination of a Member ID and Trader ID in the respective trading system) is used by FWB to authenticate ToB applicants. For Mass Deletion applications – i.e. deletion of all orders and quotes – Trading Members can, optionally, maintain a PIN-code. This PIN-code has to be named by an applicant among the active user ID, to have the application processed.
For the purpose of ensuring that risk of misusage in the application process of the aforementioned service is minimized, FWB has decided to introduce a mandatory PIN-code for the Mass Deletion ToB service. The mandatory PIN-code has to be named by Trading Members amongst an active user ID. This change in the authentication process will be introduced with an amendment of the respective section of the Exchange Rules, effective 1 July 2019, and will apply to all marketplaces of FWB, i.e. Xetra (MIC: XETR; trading system T7) and Börse Frankfurt (MIC: XFRA; trading system Xetra).
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.