Organisation of the FWB

Market Surveillance in Germany

Market Surveillance ensures proper conduct of trading

A functioning market surveillance is indispensable for the proper conduct of exchange trading including the correct determination of prices in accordance with the rules. In Germany, several authorities work closely together here. 

This is an embedded image
Their aim is to ensure national and international standards are upheld.

The TSO monitors trading

According to § 7 of the German Exchange Act (BörsG), the Trading Surveillance Office (TSO) is an independent stock exchange body and part of market surveillance. It monitors exchange trading and the settlement of exchange transactions on the cash market (Frankfurt Stock Exchange) and the derivatives market (Eurex Deutschland). 

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

An instant update of the Market Status requires an enabled up-to date Java™ version within the browser.