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Trade Entry

OTC Trade Entry

With the Xetra Trade Entry service Deutsche Börse offers a settlement for over-the-counter (OTC) trading transactions:

  • Trading partners can settle OTC transactions using the tried-and-tested trading venue Frankfurter Wertpapierbörse (FWB®, the Frankfurt Stock Exchange).

Trading time: approx. 7:00 a.m.–approx. 8:30 p.m.

Tradable instruments: Equities, ETFs, ETPs, bonds, funds, structured products

In principle, Xetra Trade Entry can be used for all securities that can be traded at the relevant trading venue.

 

How the service works

At the Frankfurter Wertpapierbörse (FWB®, the Frankfurt Stock Exchange) trading venue, the OTC transactions can be entered for settlement purposes via the Xetra Trade Entry functionality.

OTC trading transactions that have been entered must be confirmed by the relevant counterparty. The confirmation process can be conducted manually or automatically, after which the counterparties receive confirmation of the trade.

At the end of the trading day, the system automatically deletes entries that have not been confirmed. As part of evening processing, the Deutsche Börse trading system forwards the confirmed OTC trades to the settlement systems.

With OTC transactions, the value date can also be specified. Neither a round lot size nor a minimum order size has any bearing on the inputting of OTC transcations.

Further information

Xetra system documentation (“market model for the trading venue Xetra” is published under “overview and functionality” for each T7 release).

© Deutsche Börse Cash Market

Market Status

XETR

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Parts of the trading system are currently experiencing technical issues

The trading system is currently experiencing technical issues

Xetra newsboard

The market status window is an indication regarding the current technical availability of the trading system. It indicates whether news board messages regarding current technical issues of the trading system have been published or will be published shortly.

Please find further information about incident handling in the Emergency Playbook published on the Xetra webpage under Technology --> T7 trading architecture --> Emergency procedures. Detailed information about incident communication, market re-opening procedures and best practices for order and trade reconciliation can be found in the chapters 4.2, 4.3 and 4.5, respectively. Concrete information for the respective incident will be published during the incident via newsboard message

We strongly recommend not to take any decisions based on the indications in the market status window but to always check the production news board for comprehensive information on an incident.


Emergency procedures


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