ISV registration & software management initiative
ISV registration & software management initiative
Xetra is planning to introduce three new functionalities that will be available in the Member Section. They aim to improve the registration of ISVs, but also the intelligence and transparency on the usage of the third-party vendor, third-party vendor software, and self-developed software of trading and clearing members on a technical connection level. The following functionalities will be hence introduced in the Member Section:
1. ISV registration
2. Software registration
3. Software selection
Moreover, with this initiative, the current ETI and FIX-LF session ordering process via Member Section will be enhanced with the addition of two new fields for the software vendor and software name.
Production start: 30 September 2024
Important milestones for independent software vendors (ISVs)
Action item | Timeline |
ISV re-registration | 30 September - 20 December 2024 |
ISV software registration | 30 October 2024 - 14 February 2025 |
ISV software selection & enhancement of the new and existing FIX LF & ETI sessions in simulation | 14 February 2025 - 13 June 2025 |
Start of mandatory implementation for the addition of software information while ordering new sessions for simulation | 18 April 2025 |
Important milestones for members
Action item | Timeline |
Self-developed software registration & software selection | 14 February – 13 June 2025 |
Enhancement of the new and existing FIX LF & ETI sessions for production and simulation environments | 14 February - 13 June 2025 |
Start of the mandatory implementation for the addition of software information while ordering sessions | 18 April 2025 |
Requirements
Scope item | Details | Action item |
ISV registration | The introduction of the ISV registration functionality via the Member Section will digitize the registration process of Independent software vendors (ISVs). trading members of Xetra market are allowed to use only the software of a registered ISV via this functionality. | All new and existing ISVs must submit their registration using the new functionality in the Member Section starting from 1 October 2024. The deadline for the re-registration of the existing ISVs is 20 December 2024. |
Software registration | This functionality will enable the registration of the ISV and self-developed software. | Registered ISVs are required to also register all their software, which is offered to Xetra clients and is intended to be used to connect to the respective market interfaces (FIX LF & ETI), as the next step. The deadline for completing this step is 14 February 2025. In addition to this, members with self-developed software are also required to register their software which is intended to be used to connect to the Xetra interfaces (FIX LF & ETI) starting from14 February 2025. |
Software selection | This functionality will be introduced for the selection of the ISV and/or self-developed software | Trading participants using third-party vendor software or self-developed software of another member to connect to Xetra interfaces (FIX LF & ETI) in simulation and production environments are required to select the software via this functionality. This process will start from 14 February 2025. Moreover, ISVs, who have access to DBAG simulation environments, are also required to select the software they use to connect to Xetra interfaces (FIX LF & ETI) in simulation via this functionality. This step is a part of the registration process for the ISV admission. |
The enhancement of the new and existing FIX LF & ETI sessions with the addition of the software usage information | With this initiative, the session ordering process for FIX LF & ETI will be enhanced with the addition of the vendor and software information in Member Section | All trading participants are required to enhance their existing sessions with the vendor & software information starting from 14 February 2025, following the selection of the software via the software selection functionality. This requirement is also applicable for the ISVs for their simulation sessions and accounts. The deadline for completing the software selection and enhancement of the existing sessions with the vendor & software information is 13 June 2025. Starting from 18 April 2025, the enhancement of the FIX LF or ETI sessions with the addition of vendor and software information will be mandatory. |
Contact
Deutsche Börse AG
Customer Technical Support/Technical Helpdesk
Service times from Monday 1:00 - Friday 23:00 CET (no service on Saturday and Sunday)
T +49-69-211-VIP/+49-69-21110888 (all)
cts@deutsche-boerse.com
Deutsche Börse AG
Key Account Management
Service times from 9:00 - 18:00 CET
T +49-69-21110333
client.services@deutsche-boerse.com