Amendment to the Price List for the Utilization of the Exchange EDP of FWB Frankfurt Stock Exchange and of the EDP XONTRO, effective as of 1 January 2024

Release date: 17 Nov 2023

054/2023 Amendment to the Price List for the Utilization of the Exchange EDP of FWB Frankfurt Stock Exchange and of the EDP XONTRO, effective as of 1 January 2024 Xetra Circular 054/23

1. Introduction

With this circular, we inform you about amendments to the Price List for the Utilization of the Exchange EDP of FWB Frankfurt Stock Exchange and of the EDP XONTRO, Part A (Price List T7), effective as of 1 January 2024.

The amendments to the Price List T7 relate to the following:

A.    Introduction of transaction fees for Retail Member Organisations
B.    Limitation of the scope of the Lean Order rebate to DAX and MDAX instruments
C.    Deletion of fees for discontinued services
D.    Deletion of special transaction fees for non-persistent Standard Orders
E.    Adjustment of parameters to achieve reduced fees for Structured Products

2. Required action

Trading Participants of Frankfurt Stock Exchange (FWB®) who want to participate in the Xetra Retail Service must enter into the Agreement on Participation in the Xetra Retail Services as Retail Member Organisation (RMO contract) with Deutsche Börse AG. The RMO contract can be found on the Xetra-website www.xetra.com.

3. Details

A. Introduction of transaction fees for Retail Member Organisations

For Trading Participants of FWB who entered into the RMO contract with Deutsche Börse AG, reduced transaction fees apply for executed retail investor orders in shares. For executed retail investor orders in shares, for which the retail investor has not specified a trading venue (Best Execution Flow), transaction fees are fully waived, provided the conditions agreed in the RMO contract were met.

B. Limitation of the scope of the Lean Order rebate to DAX and MDAX instruments

The scope of eligible instruments for the Lean Order rebate model according to section 2.2.3.1 of the Price List T7 will be limited to the instrument groups DAX1 and MDX1. The parameters of the Lean Order rebate scheme remain unchanged.

C. Deletion of fees for discontinued services

The fees levied for services that will be discontinued with T7 Release 12.0, “Volume Discovery Order” (section 2.2.2.2) and generation/distribution of contract note files (section 3.2), will be deleted from the Price List T7.

D. Deletion of special transaction fees for non-persistent Standard Orders

The special transaction fees for non-persistent Standard Orders not entered via the Market-Maker Account (M) governed in section 2.2 of the Price List T7 will be deleted.

E. Adjustment of parameters to achieve reduced fees for Structured Products

The number of executed orders required for eligibility to reduced fees for Structured Products according to section 2.4.1 of the Price List T7 will be lowered. 

Attachment:

  • Amended sections of the Price List for the Utilization of the Exchange EDP of FWB Frankfurt Stock Exchange and of the EDP XONTRO, Part A (Price List T7), valid as of 1 January 2024

Further information

Recipients:

All Xetra® Trading Participants and Vendors

Target groups:

Traders, Security Administrators, System Administrators, Nominated Persons, General

Contact:

client.services@deutsche-boerse.com

Web:

 

www.xetra.com

Authorised by:

Michael Krogmann, Andreas Heuer