T7 Xetra simulation focus day today
T7 Xetra simulation focus day today Trade at Close
To provide participants with an opportunity to test the new trading phase Trade at Close (TaC), DBAG will provide buy and sell market orders during the TaC phase (15:45 CEST- 15:55 CEST) in the following instruments:
- DE0006632003
- DE0006627201
- DE0006766504
In the Trade at Close phase (15:45 CEST- 15:55 CEST), trading participants will have the possibility to enter orders that will result in trades at the fixed closing auction price. To ensure that all open orders are executed, DBAG will place buy and sell orders.
Orders entered prior to the Trade at Close phase which have not been executed and are flagged accordingly and qualify for the Trade at Close phase will participate in the Trade at Close phase. The Trade at Close phase will only be triggered if the closing auction ended with an auction price with positive turnover.
Participants are requested to test the system behaviour on their side.
More details on the focus days are available in the Simulation Guide, available on the website.