Deutsche Börse's product and services portfolio covers the entire process chain, including securities and derivatives trading, transaction settlement, the provision of market information, as well as the development and operation of electronic trading systems.

Current Issues

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The trading model “auction” is an order-driven mechanism for periodic trading.

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Continuous Trading

The “Continuous Trading” model is an order-driven mechanism for continuous trading.

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Continuous Auction

The “Continuous Auction” trading model is an order-driven mechanism for continuous trading.

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Reference Price Trading

The “Reference Price Trading” model is an order-driven mechanism for continual trading at the midpoint of the reference market.

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Price Optimisation Model

The “Price Optimisation” trading model is a quote-driven mechanism for the continual internalisation of orders and a simultaneous improvement in price compared with the reference market.


Delayed quotesJun 26, 2017 5:45:00 PM

DAX +37.42 12,770.83
MDAX +51.41 25,262.96
TecDAX -0.72 2,267.45
SDAX +24.85 11,187.94

Trading times

9.00 a.m.Start of stock trading
5.30 p.m.End of stock trading

Trading fees

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Your overview of fees and charges at Deutsche Börse Cash Market.

Xetra participants

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Brokers, financial institutions and trading houses can participate in Xetra trading.

Market Status




Trading System experiencing issues

Trading System experiencing serious issues

Xetra newsboard

The Market Status Indicator displays the current technical availability of the trading system.

It indicates whether Xetra newsboard messages regarding current technical issues of the trading system have been published or will be published shortly.
We strongly recommend not to take any decisions based on the indications in the Market Status Indicator. Please always check the Xetra newsboard for comprehensive information.

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