GE DBoerse issued Cir 046/25, planned introduction of Extended Xetra Retail Service (trading hour extension), 8:00 a.m. to 9:00 a.m. CET (early trading) and 5:30 p.m. to 10:00 p.m. CET (late trading), effective Dec. 1, 2025.
Overview
Adjustments affect all Trading Participants and vendors; two main changes expected to come into effect on Dec. 1, 2025, subject to approval by GE DBoerse and Exchange Council of Frankfurter Wertpapierborse.
Opening Auction will start 5 minutes later, at 8:55 a.m. CET; transition to Continuous Trading to take place 9:00 a.m. - 9:04 a.m. CET, depending on market segment.
Trade-at-Close (TAC) trading phase that takes place after the Closing Auction will be shortened from the previous maximum of ten minutes to five minutes and will only be available for DAX®, MDAX® and SDAX®.
In the future, it will take place in the time window from 5:35 p.m. to 5:40 p.m. CET; further information on the extension of trading hours is available here; where necessary, clients need to be informed about the extended trading hours.
