Migration of trading venue Börse Frankfurt to the T7 trading architecture: Technical adjustments and requirements for the connectivity

Release date: 04 Nov 2019

076/2019 Migration of trading venue Börse Frankfurt to the T7 trading architecture: Technical adjustments and requirements for the connectivityXetra Circular 076/2019

1.  Introduction

Deutsche Börse will migrate its trading venue Börse Frankfurt – including Börse Frankfurt Zertifikate – (Market Identifier Code: XFRA) to the T7 architecture. Trading on Börse Frankfurt will take place on a separate instance of the T7 trading system. This circular provides an overview of the technical adjustments and requirements (e.g. router configurations, session landscape) that are associated with the migration.

Since 28 October 2019, the new environment (Pre-Production) has been available and can be used by Members and Independent Software Vendors (ISVs) to test their applications as production-near as possible. 

The first trading day (Production) on the new T7 trading architecture will be 9 March 2020.

2.  Required action

To participate in the Pre-Production, Members and ISVs have to order dedicated sessions. If sessions used for testing in Pre-Production shall not be used in Production, Members have to decommission those sessions prior to Production launch on 9 March 2020. 

Members and Service Providers who wish to receive Börse Frankfurt T7 market data will be required to add the respective multicast ranges to their router configuration, as announced in the Cash Market Readiness Newsflash from 30 September 2019). Please refer to the N7 Network Access Guide, chapter 9.2, for the multicast ranges.

3.  Details 

Connectivity concept:

With the migration of Börse Frankfurt to the T7 trading system, the connectivity concept of Xetra (please see an illustration in the attachment) will be applied:

  • The netted Market Data Interface for Börse Frankfurt requires additional bandwidth. In this context, all Xetra Multi-Interface Channels (MICs) with the entry bandwidth of 7 Mbit/s have been increased to 14 Mbit/s. The price of the entry bandwidth remains unchanged.
  • For Cash T7 MICs with a higher bandwidth (80 Mbit/s or 200 Mbit/s), no change is required.
  • However, Members who wish to receive Xetra and Börse Frankfurt market data on the 80 Mbit/s MIC should keep in mind that the migration of Börse Frankfurt to T7 will result in an increase of market data traffic. 
  • A joint usage of the market data channels (of a 14, 80 or 200 Mbit/s MIC or a 10 Gbit/s connection) allows subscribing to the offered Börse Frankfurt feeds, based on the connection type specified in the N7 Network Access Guide (the Enhanced Market Date Interface (EMDI) is not offered for Börse Frankfurt).
  • Unnetted market data for Börse Frankfurt will only be offered as Enhanced Order Book Interface (EOBI) feed in co-location via 10 Gbit/s connections. The 10 Gbit/s connectivity in co-location will remain segregated by market/reference data versus transactions. Joint usage for Xetra and Börse Frankfurt is also possible.
  •  T7 GUI access will be provided via native internet (certificate-based) or via dedicated GUI Channels on leased lines (existing Xetra GUI channels can be utilised).

For more information, please refer to the N7 Network Access Guide, chapter 5.

Please note: 
Members and service providers who wish to receive Börse Frankfurt T7 market data will be required to add the respective multicast ranges to their router configuration (as announced in the Cash Market Readiness Newsflash from 30 September 2019). The multicast ranges can be retrieved from chapter 9.2 of the N7 Network Access Guide.

Sessions:

For Börse Frankfurt, access is only possible via FIX sessions and/or Low Frequency ETI sessions. Those sessions are available as ETI Full Sessions (150 transactions/second), ETI Light Sessions (50 transactions/second), FIX Trading Sessions and ETI/FIX Back Office Sessions. 

To participate in Pre-Production, Members and ISVs have to order dedicated sessions. Sessions ordered for Pre-Production will be free-of-charge. After the Production launch on 9 March 2020, those sessions will be used as production sessions and be charged according to the existing Price List for the Utilization of the Exchange EDP of FWB Frankfurt Stock Exchange and of the EDP XONTRO (Price List), i.e. starting with the calendar month of April 2020. For sessions granting access to the Börse Frankfurt Production on the Xetra system in March 2020 before the migration, the regular monthly fee will apply according to the Price List. 

Please note:
If sessions used for testing in Pre-Production shall not be used in Production, Members have to decommission those sessions prior to the Production launch on 9 March 2020.

For more information, please contact your Technical Key Account Manager (VIP number or cts@deutsche-boerse.com).

Attachment: 

  • Xetra Connectivity Concept
Recipients:All Xetra® Members and Vendors
Target groups:Traders, Technical Contacts, System Administrators, General
Contact:Your Technical Key Account Manager (VIP number or via e-mail to: cts@deutsche-boerse.com).
Authorized by:Bernd Eschenbrücher, Simona Simon