With T7 Release 14.0 Deutsche Börse is planning to introduce the Xetra Retail Trading Service Extension.

Simulation start: 01 September 2025
Technical readiness: 10 November 2025 (T7 Release 14.0)
Xetra Retail Trading Service Start: to be communicated separately

As the launch of the new trading model in conjunction with the extension of trading hours will impact all clients, we would like to point out the following:

• New product and instrument statuses will be published in the Market Data signifying the early or late retail trading product statuses.
• The duration of the opening auction and the duration of Trade-at-close (TAC) will be reduced.
• Market Data from the early- and late-trading will be published in the Market Data during those new product statuses.
• Due to the extension of trading hours, the standard end-of-service messages will be distributed later than usual, reflecting the extended trading timeframe.
• Reports will also be generated at a later point in time.
• Regular order maintenance will be enabled during those new product statuses as it would be during pre-trading (early retail trading) or closing (during late retail trading) for non-retail orders or quotes.
• Non-retail orders and quotes will not be affected by this Xetra Retail trading service extension and will not take part in these retail auctions.

Please be aware that all clients (no matter if they are participating or not in the Xetra Retail Trading Service Extension) need to consider these changes!