Order types

Order types

Generally at the Frankfurt Stock Exchange the same order types are applicable as for Xetra trading. Here as well is it possible to specify order types through additional execution conditions, validity constraints and trading restrictions.

Please note that the validity limit for good-till-cancelled (GTC) on the Frankfurt Stock Exchange is different from the regulation on Xetra. On the Frankfurt Stock Exchange, the maximum validity is 360 days including the entry date (T + 359).

An additional option to follow trading strategies at the Frankfurt Stock Exchange provides the order-on-event:

Order-on-event

An order-on-event is a buy or sell order that is triggered if an event occurs; it is placed in the market book as a market or limit order. Events can be defined as, for example, when an index for or price of another security or a future reaches, goes above or falls below a previously determined level.

The order-on-event thus enables traders to peg a buy or sell order to the occurrence of a condition, whereby they choose the frame of reference themselves.

A detailed description of the various order types can be found in the Market Model “Continuous Auction” as well as under “Order types”.

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