Validity restrictions

Validity restrictions

Provided that it is not executed beforehand, the trading partner can determine validity restrictions for the entire period the order is listed in the order book.

Good-for-day (GFD)

The order is valid until the close of trading on that particular trading day.

Good-till-date (GTD)

The order is valid until the close of trading on the trading day specified. 

Good-till-cancelled (GTC)

The order remains valid until it is executed or cancelled.

Good-till-crossing/auction (GTX)

For volume discovery orders the validity restriction Good-till-crossing/auction can be used. Volume discovery orders with this condition will only be executed away from auctions. This order will not take part in auctions and volatility interruptions. As soon as the trading phase switches to Call Phase of an auction or a volatility interruption the volume discovery order with the condition Good till crossing/auction will be deleted.

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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