Amendments to the Rules and Regulations for the Frankfurter Wertpapierbörse

Release date: 19 Nov 2020

076/2020 Amendments to the Rules and Regulations for the Frankfurter WertpapierbörseXetra Circular 076/20 Amendments to the Rules and Regulations for the Frankfurter Wertpapierbörse

1. Introduction

This circular is to inform you about amendments to the Rules and Regulations for the Frankfurter Wertpapierbörse (FWB®, the Frankfurt Stock Exchange). The amendments concerning “Trade at Close” are related to T7 Release 9.0. The functionality “Trade at Close” will be available as of 24 November 2020

Production start: 24 November 2020

2. Required action

No special activities are required from the Participants.

3. Details

The Rules and Regulations for the Frankfurt Stock Exchange will be amended based on the decision of the Exchange Council of the Frankfurter Wertpapierbörse. 

The following amendments have been decided by the Exchange Council of the Frankfurter Wertpapierbörse:

  • The introduction of the “Trade at Close” functionality,
  • Amendments to allow for meetings of the Exchange Council to be held via telephone or video conference,
  • Various clarifications regarding algorithmic trading,
  • Amendments to permit the exclusion of insolvent companies from the Prime Standard and
  • Various editorial changes.

Based on the amended Exchange Rules for the Frankfurter Wertpapierbörse, the Management Board of the Frankfurter Wertpapierbörse decided that the duration of the "Trade at Close" period is ten minutes maximum. It starts at the earliest after the end of the regular closing auction at 17:35 CET, ends at 17:45 CET and thus lasts a maximum of ten minutes, provided there is no (extended) volatility interruption. “Trade at Close” will be available as of 24 November 2020.

The amendments to the Rules and Regulations relate to the Exchange Rules for the Frankfurter Wertpapierbörse and the Conditions for Transactions on the Frankfurter Wertpapierbörse, which are attached to this circular.

You will find the Rules and Regulations in the attachment and on the Xetra website www.xetra.com under the following link: 

Attachments: 

  • Eleventh Amendment Ordinance to the Exchange Rules for the Frankfurter Wertpapierbörse
  • Sixth Amendment Ordinance to the Conditions for Transactions on the Frankfurter Wertpapierbörse


Further information

Recipients:

All Xetra® Members and Vendors

Target groups:

Traders, Technical Contacts, Security Administrators, System Administrators, Nominated Persons, General

Contact:

client.services@deutsche-boerse.com

Web:

 

www.xetra.com

Authorised by:
 

Martin Reck, Holger Patt (on behalf of the Management Board)