Trading models

Trading models Continuous auction – the central trading model for the trading venue Börse Frankfurt

The continuous auction trading model is one of the multilateral trading models in which competing sell and buy orders from several parties can interact. Trading is order-driven, i.e. the buy and sell orders are collected in a central limit order book. As a rule, orders are executed immediately in the continuous auction.
The continuous auction with Market Makers or with a Specialist is particularly suited to trading less liquid securities such as shares in small and medium-sized enterprises, as well as bonds, retail funds, certificates, and warrants.

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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