Europe · Germany
Deutsche Börse Xetra
Xetra is Deutsche Börse's electronic trading venue and handles most trading in German shares. It lists SAP, Europe's largest software company, and the chipmaker Infineon, and TecDAX tracks the country's largest technology stocks.
Regular hours: 09:00–17:30 local time
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Key facts
| Country and city | Germany, Frankfurt |
|---|---|
| Operator | Deutsche Börse Group |
| Founded | 1585 (Frankfurt exchange); Xetra launched in 1997 |
| Currency | EUR |
| Regular trading hours | 09:00–17:30 local time (Europe/Berlin) |
| Hours in your time today | Needs JavaScript |
| Auctions | Opening auction before 09:00 and closing auction from 17:30. |
| Extended hours | Börse Frankfurt, the floor-based venue of the same group, trades 08:00–22:00. |
| Settlement | T+2 — The EU plans to move to T+1 on 11 October 2027. |
| Price limits | No fixed daily limit. Volatility interruptions switch a stock into an auction when its price moves outside set ranges. |
| Minimum trading unit | 1 share |
| Regulator | BaFin and the Exchange Supervisory Authority of Hesse |
| Main indices | DAX, MDAX, SDAX, TecDAX |
| Technology benchmark | TecDAX (the 30 largest technology stocks in the Prime Standard) |
| Currency vs US dollar | 1 USD = 0.8887 EUR (+0.42% in a week, ECB 16 October 2026) · all currencies |
Quick answers about Xetra
What are the Xetra trading hours?
Regular trading on Xetra runs 09:00–17:30 local time (Europe/Berlin) on trading days.
Does Xetra close for lunch?
No. Regular trading on Xetra runs without a midday break, from 09:00 to 17:30 local time.
What is the settlement cycle on Xetra?
Xetra uses T+2 settlement. The EU plans to move to T+1 on 11 October 2027.
What currency does Xetra trade in?
Shares on Xetra trade in EUR.
When is Xetra next closed or closing early?
24 December 2026: Christmas Eve, a full-day closure.
Listing boards and segments
- Prime Standard — Regulated market with the highest transparency rules.
- General Standard — Regulated market with the EU minimum rules.
- Scale — Segment for small and medium-sized growth companies.
Technology companies listed on Xetra
Examples of well-known listings to show the market's profile, not recommendations.
What investors should know
- Xetra trades 09:00–17:30 Central European Time.
- Xetra is closed on 24 and 31 December.
- Many international stocks also trade in Frankfurt, often in euros, alongside their home market.
Upcoming closures
- Christmas Eve: closed
- Christmas Day: closed
- New Year's Eve: closed
- New Year's Day: closed
- Good Friday: closed
- Easter Monday: closed
Holiday calendar for all exchanges
Recent updates for Xetra
Clocks go back on Sunday 25 October for Euronext, LSE, SIX, Stockholm and Xetra
Daylight-saving time changes in the time zones of Euronext, LSE, SIX, Stockholm and Xetra. Local trading hours stay the same, but seen from other time zones they move: LSE opens at 08:00 local time, which is 07:00 UTC before the change and 08:00 UTC after it. Until the clocks also change for NYSE, Nasdaq and TSX on Sunday 1 November, the time difference between LSE and NYSE is 4 hours instead of the usual 5. The live market clock shows every opening time in your own time zone.
Compare Xetra
Guides
T+1 Settlement Explained: Which Markets Settle Next Day
The US, Canada and India already settle share trades in one day; the EU, UK and Switzerland plan to follow on 11 October 2027. What T+1 means for your cash, dividends and trades abroad.
Growth Boards for Tech Companies Compared
Where young technology companies list around the world: AIM, Euronext Growth, First North, Scale, TSE Growth, STAR Market, ChiNext and KOSDAQ compared, with the risks for investors.
Global Stock Market Hours: When the Big Exchanges Overlap
When do Tokyo, Hong Kong, London, Frankfurt and New York trade at the same time? Trading hours in UTC, the Europe–US overlap and why it changes twice a year.
Sources
Facts checked on 19 October 2026. Rules change: confirm details with the exchange or your broker before trading.