Xetra is the primary equities market in the Deutsche Börse Group.
Currency: Euro (EUR)
|Price Range (Euro)||Tick Size (Euro)|
|0 to 9.999||0.001|
|10 to 49.995||0.005|
|50 to 99.99||0.01|
|100 and greater||0.05|
The opening auction occurs at 8:50. The mechanism is similar to the closing auction which follows call, price determination, and order execution phases.
The closing price is defined by the following closing mechanism.
Auction means an auction conducted in a trading platform with respect to qualifying orders pursuant to the following process:
1. Regular Trading Hours (09:00 - 17:30)
2. Intraday Auction Times
3. Closing Auction (17:30 - 17:35)
4. Uncross (17:35)
Order Types: Limit, Market, and Market-on-Close orders are eligible to participate during the closing auction.