1. Introduction
Subject to the admission of the shares of HELIOS SOLAR AG to the Regulated Market (General Standard), we hereby inform you about the procedure for the first price determination on trading venue Deutsche Börse Xetra (MIC: XETR) on 28 July 2026.
First trading day: 28 July 2026
2. Required action
Trading Participants must ensure that the Product Assignment Group of the new instrument is assigned to their trader groups.
3. Details of the first price determination
The following trading parameters will apply:
Trading model: Continuous Trading
| Instrument name | Short Code | ISIN | Product Assignment Group |
HELIOS SOLAR AG | HE8 | DE000A42D2N5 | GER0 |
Pre-trading on the first trading day will start at 07:00 CE(S)T. The call phase for the first auction (Opening Auction - Opening Auction Call; display in the T7 trading system: “OpnA”) will start at 09:00 CE(S)T and will last at least 15 minutes. Consequently, the first price determination will take place not earlier than 09:15 CE(S)T.
The following will apply to the Opening Auction:
During the Opening Auction Call Phase, if the order book is crossed, the indicative auction price, auction volume, and auction surplus (volume and side) will be displayed. In addition, the first ten price levels will be available via GUI, EMDI, and MDI, while the full market depth will be available via EOBI. Iceberg Orders will be displayed with their total tradable quantity.
AVD Orders do not participate in either the Opening Auction Call Phase or the determination of the auction price. Following the price determination, they may be executed during the AVD uncrossing at the determined auction price against the auction surplus available for this purpose and against other AVD Orders. If no auction price is determined, no AVD uncrossing will take place.
Continuous Trading will begin once the price determination process of the Opening Auction has been completed.
Please note the following special procedures:
Schedule for the first price determination for shares on trading venue Deutsche Börse Xetra (MIC: XETR):
| Time (CE(S)T)* | Description | Comments |
As of 07:00 | Start of pre-trading phase (Phase "Book”) |
|
As of 09:00 | Start of auction call phase with a minimum duration of 15 minutes (Phase "OpnA”) |
|
No earlier than 09:15 | First price determination |
|
Subsequently | Continuous Trading (Phase "Cont“) |
|
* CE(S)T = Central European (Summer) Time. The actual changes of trading phases in the T7 trading system are decisive.
Further information
Recipients: | All Trading Participants of Frankfurt Stock Exchange (Frankfurter Wertpapierbörse, FWB®) and Vendors | |
Target groups: | Traders, Security Administrators, System Administrators | |
Contact: | Cash Markets Operations Helpline, tel. +49-69-211-1 14 00 | |
Web: | ||
Authorized by: | On behalf of the Management Board: Karmen Margaryan, David Unden |
Market Status XETR ⓘ
XETR
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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
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