Reference Market

Reference Market Highest liquidity in German shares and ETFs

Xetra® is the reference market for exchange-based trading of German shares and ETFs. At no other exchange venue in the world, higher turnovers are achieved at more competitive prices in these securities.

More than 90 per cent of overall share trading on all German exchanges takes place on the Xetra trading venue. Xetra holds a European market share of more than 70 per cent of trading in DAX®-listed stocks.

In ETF trading, Xetra holds a market share of about 30 per cent in Europe, making it the European market leader with a selection of more than 1,500 ETFs and ETPs.

Xetra - the first choice for ETF trading

In an article for Best Execution Michael Krogmann explains, why Xetra is still the first choice for ETF trading.

The responsibilities of a reference market

Deutsche Börse Xetra Technology

Read how Xetra continues to fulfill its responsibilities as a reference market, and cater to the overall pan-European market quality.

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

An instant update of the Market Status requires an enabled up-to date Java™ version within the browser.