Trading Conditions on Deutsche Börse - XETRA Market

Last update April 2013


xetra

Tradable Securities

DAX30, MDAX, SDAX and TecDAX and others at the client’s request.

Commissions

€ 4 + Exchange and Clearing fees for orders up to € 50,000
For higher orders, the commission is 0.008% plus the Exchange and Clearing fees.

For example:

Value (in €)
1.000
2.000
5.000
10.000
50.000
100.000
200.000
500.000
Exchange (DB)
0,63
0,63
0,63
0,63
2,52
5,04
10,08
18,90
Clearing
0,32
0,33
0,38
0,45
1,05
1,80
3,30
6,00
Directa
4,00
4,00
4,00
4,00
4,00
8,00
16,00
40,00
Total (in €)
4,95
4,96
5,01
5,08
7,57
14,84
29,38
64,90

Maximum value per order € 500,000

Realtime Market Data

Market Data include best 5 purchase and best 5 sale offers, with the respective quantity and number of proposals, the last price and the percentage variation with regard to the previous day’s closing price.
Authorisation is necessary at a cost of € 21 per month, and includes a large selection of stocks.

Trading Hours

Preopening 7.30 – 8.50
Opening 8.50 – 9.00 (*)
Continuous trading 9.00 – 13.00
Intraday auction 13.00 – 13.02
Continuous trading 13.02 – 17.30
Closure 17.30 – 17.35

(*) Auction with random term of max 30 seconds.

Value Date

2 days (for example, executed on Monday, collection/payment on Wednesday)

Minimum Tick

0,001 €
up to value of stock
10 €
0,005 €
up to value of stock
50 €
0,01 €
up to value of stock
100 €
0,05 €
above € 100 value of stock
  • Not valid for a few exceptions.

Stop-Loss Orders

Stop-loss orders are managed by the market and client can choose between validity: for the day or 30 calendar days.
They can be issued with or without a price limit.

Multiday

Multiday orders are valid up to 30 days. Orders revoked when the market is closed are cancelled immediately and the "available fund" committed by the multiday order will be credited on your account.

Warning

We also inform you that market data can be consulted with a 15 min. delay, on the Deutsche Börse site.
Clients who are not authorised for real-time quotes may operate on the Xetra market via the Basic version, using both the PC and the touchTrader versions, while trading will not be activated through flashBook.