Introduction of GFJ ESG Acquisition I SE in Xetra trading on 19 October 2021

Release date: 18 Oct 2021

072/2021 Introduction of GFJ ESG Acquisition I SE in Xetra trading on 19 October 2021Xetra Circular 072/21

1. Introduction

Subject to the issuer's inclusion to the Regulated Market (General Standard), we hereby inform you about the procedure for the first price determination on trading venue Xetra (MIC: XETR) for shares of GFJ ESG Acquisition I SE on 19 October 2021.

First trading day: 19 October 2021

2. Action required

Trading Members have to make sure that the Product Assignment Group of the new instrument is assigned to their trader groups.

3. Details of the first price determination

The following trading parameters will apply:

Trading model: Continuous Trading

Instrument nameShort codeISINProduct Assignment Group

GFJ ESG Acquisition I SE




Pre-trading on the first trading day will start from 07:30 CE(S)T. The call phase for the first auction (Opening Auction - Opening Auction Call; display in Xetra: “OpnA”) will start at 09:00 CE(S)T and will last at least 15 minutes. Consequently, the first price determination in Xetra trading will take place not earlier than 09:15 CE(S)T.

This will be a regular Opening Auction to which the following applies: 

During the Opening Auction Call Phase, if the order book is crossed, the indicative auction price, auction volume and auction surplus (volume and side) will be displayed. If the order book is not crossed during the Opening Auction Call Phase, the best bid limit and the best ask limit with their respective volumes will be displayed.

Directly after the Opening Auction, Continuous Trading will follow.

Please note the following special procedures:

  • Prior to the first price determination, the allocation price will be displayed as reference price (in Xetra: "LstPrc").
  • Orders entered with trading restriction “OAO” (Opening Auction only) will only be considered in the first auction of the exchange trading day, i.e. in the first price determination for the shares. Orders entered with trading restriction “AOO” (Auction only) will be considered in the opening auction, the intraday auction and the closing auction.
  • The usual safeguards in Xetra (MIC: XETR) will also be applied in the Opening Auction. Therefore, a volatility interruption may occur following the Auction Call Phase.
  • The intraday auction starts at 13:00 CE(S)T and takes at least two minutes.
  • If an exceptional number of orders is executed in any one auction, it may lead to delays in processing confirmations.
  • Moreover, the “Market Model for the Trading Venue Xetra®” applies.

Schedule for the first price determination for shares on trading venue Xetra (MIC: XETR):


As of 07:30

Start of pre-trading phase (phase „Book”)

Order entry, modification and deletion are possible.
The reference price corresponds with the allocation price.

As of 09:00


Start of auction call phase with a minimum duration of 15 minutes (phase „OpnA”)


Order entry, modification and deletion are possible. Information is disclosed about the indicative auction price, auction volume and auction surplus or the best bid and ask limit including volume are displayed.

09:15 earliest


Xetra price determination

 The first price and the volume will be displayed on Xetra and disseminated to vendors etc. via CEF®

Continuous Xetra trading (Phase „Cont“)


* CE(S)T = Central European (Summer) Time. The actual changes of trading phases in the Xetra trading system are decisive.

Further information


All Xetra® Members and Vendors

Target groups:

Traders, Security Administration


Cash Markets Operations Helpline, tel. +49-69-211-1 14 00


Authorised by:

(on behalf of the Management Board): Tobias Putsche, Tobias Köhler