News & Knowledge Center
Dec 11, 2025

Enhanced Xetra Retail Service

Longer Trading Hours for Retail Investors

On December 1, Deutsche Börse added another valuable element to the services offered to retail investors by implementing early (08:00–09:00 CET) and late trading (17:30–22:00 CET) – Deutsche Börse Xetra is now available continuously from 08:00 until 22:00 CET for retail investors.

This expansion addresses increasing retail demand for access to the market during international volatility peaks and outside traditional European trading hours. All Xetra-listed instruments — equities, ETFs, ETCs and ETNs — are available throughout the extended windows.

Enhanced Price Improvements for Retail Investors

During the main trading hours, Xetra’s retail price improvement mechanism already ensures that retail orders are executed at least at the current Xetra price — and frequently at a better one.
In October 2025 alone, private investors saved a total of €1.2 million, with an average saving of €7.27 per order when executed at an improved price. The mechanism covers approximately 1,000 equities and 3,000 ETFs and ETPs, with reduced fees for participating banks and brokers – strengthening Xetra’s role as Europe’s leading regulated trading venue.

Benefits for Banks and Brokers (Retail Member Organizations - RMOs)

Participating banks and brokers (Retail Member Organizations - RMOs) can pass on the advantages of reduced transaction fees, price improvements and longer trading hours (08:00-22:00 CET) to their retail clients, all within the high technical and regulatory standards of Xetra.

Benefits for Liquidity Providers (Retail Liquidity Providers - RLPs)

For Liquidity Providers, the extended trading windows offer additional quoting opportunities and increased retail order interaction. Within a fully regulated exchange environment, Xetra provides all market participants with transparent pricing and high-quality execution, driven by its open order book and built-in safeguards.

How to Participate?

To take part in this new execution service, banks, brokers and liquidity providers must sign the relevant contracts.
 

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