Closing Price

The last official price fixed on the exchange at the close of a trading day – discontinued as of 1 April 2004.

The lead brokers at FWB® Frankfurter Wertpapierbörse fixed closing prices as the last price of the trading day, when their order books allowed that to be done. Since 3 November 2003 the fixing of closing prices for stocks in the DAX® index starts on the Frankfurt trading floor at 7.55 p.m. and for remaining stocks already at 7.30 p.m.. From that time on, variable price determination is not allowed.

On the electronic trading platform Xetra®, closing prices are fixed from 5.30 p.m. in a closing auction.

Cash settlements of warrants are calculated from the individual closing prices of the underlying instruments.

Our glossary explains important financial terms and should not leave any questions unanswered. However, if you are missing a definition, please write to us at We will then include the term if possible.