Amendment to the Price List for the Utilization of the Exchange EDP of FWB Frankfurt Stock Exchange and of the EDP XONTRO, valid as of 1 July 2020

Release date: 19 May 2020

035/2020 Amendment to the Price List for the Utilization of the Exchange EDP of FWB Frankfurt Stock Exchange and of the EDP XONTRO, valid as of 1 July 2020Xetra Circular 035/20

1.  Introduction

With this circular, we would like to inform you about changes to the Price List for the Utilization of the Exchange EDP of FWB Frankfurt Stock Exchange and of the EDP XONTRO, concerning Part A (Price List T7 and Xetra), valid as of 1 July 2020.

The amendments relate to the rules for excessive system usage on trading venue Börse Frankfurt (MIC: XFRA):

a)  Extension of the rules for fees charged in case excessive system usage was not due to intentional or grossly negligent behaviour.
b)  Amendment of parameters for quote transactions in the “Bonds” segment.

2.  Required action

There is no action required by Trading Members.

3.  Details of the amendments

a)  Extension of the rules for fees charged in case excessive system usage was not due to intentional or grossly negligent behaviour

Currently, no fees are charged in case a Trading Member generates excessive system usage on a maximum of five trading days during a calendar month, provided the affected Trading Member explains in a plausible way that this excessive system usage was not due to intentional or grossly negligent behaviour. Such explanation has to be submitted within one week after distribution of the relevant Xetra invoice.

For order transactions, this rule will be extended to the effect that, given that the above-mentioned prerequisites are met, the fee for excessive usage on more than five trading days during a calendar month will be calculated on the basis of significantly relaxed parameters (see section 2.3.5 of the Price List T7 and Xetra).

b)  Amendment of parameters for quote transactions in the “Bonds” segment

For excessive system usage on trading venue Börse Frankfurt (MIC: XFRA), the parameters for fee calculation for quote transactions in the “Bonds” segment will be amended. The base load and the ratio will be doubled and the fees per “Excess TA” will be halved (see section 2.3.5, table 20, of the Price List T7 and Xetra).

The amendments to the Price List T7 will be deemed to be approved, unless the Trading Member or Vendor admitted at the Frankfurt Stock Exchange files objections to the amendments with Deutsche Börse AG, Mergenthalerallee 61, 65760 Eschborn, Germany, in writing within six weeks after the amendments’ announcement.

Attachment: 

  • Amendments to the Price List for the Utilization of the Exchange EDP of FWB Frankfurt Stock Exchange and of the EDP XONTRO (Price List T7 and Xetra), valid as of 1 July 2020

Further information

Recipients:All Xetra® Members and Vendors
Target groups:Traders, Technical Contacts, System Administrators, General
Contact:client.services@deutsche-boerse.com
Web:www.xetra.com
Authorised by:Martin Reck, Andreas Heuer

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