Frankfurter Wertpapierbörse (FWB®, the Frankfurt Stock Exchange) has an arrangement with Eurex Clearing AG for the clearing of transactions executed on the trading venues Xetra® and Börse Frankfurt (Frankfurt Stock Exchange).

Eurex Clearing AG acts as a central counterparty (CCP) for all CCP-eligible instruments, in other words as the buyer to all sellers and as the seller to all buyers, thereby minimising counterparty risk and enhancing operational efficiency.

For the clearing of transactions executed on the trading venue Xetra, trading members may appoint for selected instruments the Cboe Clear Europe N.V. as its Preferred CCP in addition to Eurex Clearing AG (Primary CCP).

In the so-called “preferred CCP model”, Xetra transactions in which all parties involved have selected the same CCP as their preferred CCP on both the sell and buy side of a transaction are cleared by the preferred CCP.

In all other cases, the primary CCP clears the respective transaction. If a preferred CCP is selected, there must also be a clearing relationship with the Primary CCP.

Which instruments are available for clearing via the Cboe Clear Europe N.V. (Multi CCP-eligible) can be found in the "All tradable instruments" list.

If you are interested in the Preferred CCP Model, please contact your Key Account Manager.

Additional Information

Market Status




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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