Deutsche Börse Group announced on 27 October that DAX 40 equities can trade around the clock through a combination of existing Xetra sessions and off-hours request-for-quote execution on its affiliated 360X venue. The arrangement adds a separate multilateral trading facility route; it does not keep Xetra’s central orderbook permanently open.[1]
The announced instruments use their established equity ISINs and euro settlement. Deutsche Börse says existing clients can activate access to 360X through its member administration and retain established Clearstream settlement connections. That continuity distinguishes the project from a tokenised share derivative or a separate synthetic price product.[1]
Two venues, different trading mechanisms
The published operating split
| Channel | Published hours or role | Trading mechanism |
|---|---|---|
| Xetra benchmark market | Monday–Friday 09:00–17:30 CET | Core equity exchange liquidity and normal auction cyclesSource 1 |
| T7 extended retail service | Monday–Friday 08:00–22:00 CET | Existing extended market serviceSource 1 |
| 360X | Off-hours and weekend coverage | Request-for-quote execution on regulated MTFSource 1 |
| Settlement | Existing Clearstream arrangements | Bilateral settlement in euroSource 1 |
Outside the main exchange session, a participant requests an executable quote from available counterparties. Longer access hours do not guarantee the same spreads or available size as Xetra’s central market.[1]
Deutsche Börse also says the standard opening and closing auctions remain unchanged. Off-hours closing prices on 360X will not determine the next Xetra opening auction. A broker implementing the route must preserve the difference between a weekend trade price and the price-discovery process at the benchmark exchange session.[1]
Post-trade simplicity still needs permissions
For brokers, retaining familiar ISINs and Clearstream accounts reduces the number of new instrument and settlement arrangements to map. Access to the separate venue and the handling of off-hours orders still need to be configured; the announcement does not make the route available through every retail broker.[1]
Sources & further reading
- Deutsche Börse Group Launches 24/7 Trading for DAX 40 Equities on 360X Deutsche Börse Group · 27 Oct 2026 · Accessed 29 Oct 2026