The best of both worlds
The T7 Entry Service (TES) for the cash market enables trading participants to enter order/transaction information into the T7 system of the Xetra trading venue. Participants benefit from the flexibility of individually designed trading within and outside the exchange rules and the advantages of a standardized clearing and settlement process.
We offer two types of the Xetra T7 Entry Service in order to meet the different and special customer requirements and to enable increased flexibility:
- TES entries for on-exchange off-book execution of large-in-scale orders (LIS)
- TES entries for settlement of OTC transactions
All instruments tradable on Xetra, i.e. equities, ETFs and ETPs, are available. Entries can be made between 9:00 and 17:45.
Trading in this type takes place 'on exchange', but 'off book'. Trading participants have the possibility to execute 'off-book' transactions with bilaterally agreed price and quantity on Xetra. The transactions must have a certain minimum size (large-in-scale). When the transaction is entered, the order information is only visible to the parties involved.
In addition to clearing and settlement, the exchange also ensures the necessary post-trade transparency.
Trading participants can settle OTC transactions via the proven infrastructure of the Xetra trading platform. For example, after a trade has been concluded by telephone, one of the trading partners enters the agreed trading parameters into the corresponding Xetra window, the other trading participant checks and confirms the data. If this confirmation is not received, the entry is deleted at the end of the day. OTC transactions are possible for all order sizes.
Clearing and settlement takes place via the exchange's proven post-trading systems. However, with this type of trading the necessary transparency must be provided by the trading participant himself and the corresponding reporting must be carried out.
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.