Trading services

Trading servicesTrading services are securities trading models optimised to meet the needs of specific client groups and asset classes.

Trading hours for each trading service

Continuous Trading with Auctions

Combinations of trading models: Continuous Trading + Auctions

Liquidity providers: -

Trading venue: Xetra

Traded instruments:Trading hours:
Liquid shares9.00 a.m. – 5.30 p.m.
Less liquid shares9.00 a.m. – 5.30 p.m.
ETFs / ETPs9.00 a.m. – 5.30 p.m.
Bonds-
Mutual funds-
Structured products-
Subscription rights 

Continuous Trading with Auctions and a Designated Sponsor

Combinations of trading models: Continuous Trading + Auctions

Liquidity providers: Designated Sponsor

Trading venue: Xetra

Traded instruments:Trading hours:
Liquid shares-
Less liquid shares9.00 a.m. – 5.30 p.m.
ETFs / ETPs9.00 a.m. – 5.30 p.m.
Bonds-
Mutual funds-
Structured products-
Subscription rights 

Continuous Trading with Best Executor (Xetra BEST)

Combinations of trading models: Price optimisation model

Liquidity providers: Best Executor

Trading venue: Xetra

Traded instruments:Trading hours:
Liquid shares9.00 a.m. – 5.30 p.m.
Less liquid shares9.00 a.m. – 5.30 p.m.
ETFs / ETPs9.00 a.m. – 5.30 p.m.
Bonds-
Mutual funds-
Structured products-
Subscription rights 

Continuous Auction with Market Maker

Combinations of trading models: Continuous Auction

Liquidity providers: Market Maker

Trading venue: Frankfurt Stock Exchange (FWB®)

Traded instruments:Trading hours:
Liquid shares-
Less liquid shares-
ETFs / ETPs-
Bonds-
Mutual funds-
Structured products9.00 a.m. – 8.00 p.m.
Subscription rights 

Continuous Auction with Specialist

Combinations of trading models: Continuous Auction

Liquidity providers: Specialist

Trading venue: Frankfurt Stock Exchange (FWB®)

Traded instruments:Trading hours:
Liquid shares8.00 a.m. – 8.00 p.m.
Less liquid shares8.00 a.m. – 8.00 p.m.
ETFs / ETPs8.00 a.m. – 8.00 p.m.
Bonds8.00 a.m. – 5.30 p.m.
Mutual funds8.00 a.m. – 8.00 p.m.
Structured products9.00 a.m. – 8.00 p.m.
Subscription rights 

IPO Auction

Combinations of trading models: Auction

Liquidity providers: Lead broker

Trading venue: Xetra and Frankfurt Stock Exchange (FWB®)

Traded instruments:Trading hours:
Liquid sharesUsually the auction starts at 9.00 a.m.
Less liquid sharesUsually the auction starts at 9.00 a.m.
ETFs / ETPs 
Bonds 
Mutual funds 
Structured products 
Subscription rights 

Xetra MidPoint

Combinations of trading models: Reference price model

Liquidity providers: Block agent (optional)

Trading venue: Xetra

Traded instruments:Trading hours:
Liquid shares9.00 a.m. – 5.30 p.m.
Less liquid shares9.00 a.m. – 5.30 p.m.
ETFs / ETPs-
Bonds-
Mutual funds-
Structured products-
Subscription rights 

Xetra Trade Entry

Combinations of trading models: -

Liquidity providers: -

Trading venue: Xetra and Frankfurt Stock Exchange (FWB®)

Traded instruments:Trading hours:
Liquid shares7.00 a.m. – 8.30 p.m.
Less liquid shares7.00 a.m. – 8.30 p.m.
ETFs / ETPs7.00 a.m. – 8.30 p.m.
Bonds7.00 a.m. – 8.30 p.m.
Mutual funds7.00 a.m. – 8.30 p.m.
Structured products7.00 a.m. – 8.30 p.m.
Subscription rights7.00 a.m. – 8.30 p.m.

Subscription rights trading

Trading venue:XetraFrankfurt Stock Exchange (FWB®)
Combinations of trading models: Continuous trading + auctionsContinuous auction with a Specialist
Liquidity providers:Lead brokerLead broker
Trading hours:9.00 a.m. – 5.30 p.m.*8.00 a.m. – 8.00 p.m.*

*On the last trading day, there is only one auction in each case, held at 12 noon.

 

Market Status

XETR

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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.

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