DerivativeXXL is a joint initiative, undertaken by businesses involved in the product lifecycle of securitised derivatives. Following the launch at a EUWAX Plenary Assembly, the first stage of this initiative brought together the Stuttgart Stock Exchange (EUWAX) and Frankfurt-based Scoach – the two German exchanges listing derivative securities – with WM Data Services, selected issuers and EffCom, in order to draft a standardized format for the efficient exchange of data.

The objective is to create a standard that can be used by as many market participants as possible in order to largely automate the various processes within the life-cycle of securitised derivatives. The plan is to cover more than 99% of products listed in Germany, within the scope of a multi-stage implementation. At the outset, DerivativeXXL will only incorporate a small range of high-volume products such as traditional bonus or discount certificates, knock-outs, reverse convertibles or warrants.
The overall objective is to increase the degree of automation in the issuance process, and in processing of the securitised derivatives master data. There are several supplementary objectives:


  • to standardise the exchange of data for securitised derivatives
  • to enhance data quality through immediate checks during the exchange of data
  • to boost throughput speeds, reducing the length of the overall listing process at German
  • securities exchanges; to establish new safety standards when exchanging securities master data.




DerivativeXXL News

Fourteen active Issuers use derivateXXL to automatically list 99% of their new issues at the Stuttgart Stock Exchange.

December 2019 - Live

Raiffeisen Centrobank, dXXL Release 1.4

October 2018 - Live

Citi, dXXL Release 1.4

September 2018 - Live

BNP Paribas, dXXL Release 1.4

August 2018 - Live

JP Morgan, dXXL Release 1.4

May 2018 - Live

Deutsche Bank, dXXL Release 1.4

Morgan Stanley,  dXXL Release 1.4

April 2018 - Live

UBS, dXXL Release 1.4

March 2018 - Live

DZ Bank, dXXL Release 1.4

February 2018 - Live

Commerzbank, dXXL Release 1.4

Société Générale, dXXL Release 1.4

September 2017 - Live

JPMorgan, dXXL Release 1.3

January 2017 - Live

Goldman Sachs, dXXL Release 1.3

December 2016 - Live

Citi, dXXL Release 1.3

November 2016 - Live

UBS, dXXL Release 1.3

October 2016 - Live

Lang & Schwarz, dXXL Release 1.3

September 2016 - Live

Deutsche Bank, dXXL Release 1.3

August 2016 - Live

Vontobel Financial Products, dXXL Release 1.3

July 2016 - Live

HSBC / TUB, dXXL Release 1.3

DZ Bank, dXXL Release 1.3

HVB / UniCredit, dXXL Release 1.3

June 2016 - Live

Commerzbank, dXXL Release 1.3

BNP Paribas, dXXL Release 1.3

May 2016 - Live

Société Générale, dXXL Release 1.3

December 2015 - Live

Deutsche Bank, dXXL Release 1.2

BNP Paribas, dXXL Release 1.2

August 2015 - Live

HVB / UniCredit, dXXL Release 1.2

April 2015 - Live

Commerzbank, dXXL Release 1.2
HSBC / TUB, dXXL Release 1.2

Download Infos

Today and in the future derivateXXL is an open interface standard. The existing documentation will always be free available to the participants of the market place.

For more information please download the zip file.

Download Zip File

Contacts and links

Boerse Stuttgart: Sabine Traub
+49 711 222 985 190

WM Datenservice: Jochen Weber
+49 69 27 32 253

Lucht Probst Associates GmbH : Susan Niederhöfer
+49 69 971485216


DerivateXXL is a joint activity of Boerse Stuttgart, WM-Datenservice (Herausgebergemeinschaft WERTPAPIER-MITTEILUNGEN, Keppler, Lehmann GmbH & Co. KG), EffCom AG as well as the issuers Commerzbank AG, DZ BANK AG,  HSBC Trinkaus & Burkhardt AG and Landesbank Baden-Württemberg. The Websites und are a voluntary service of the Lucht Probst Associates GmbH. Therefore the Lucht Probst Associates GmbH is responsible for the content as defined by Telemediengesetz (§5 TMG).

Information according to § 5 TMG

Postal address:
Lucht Probst Associates GmbH 
Große Gallusstraße 9 
60311 Frankfurt am Main 

Fax: +49 69 971485-79 
Phone: +49 69 971485-0 

Managing Director:
Stefan Lucht and Peter Schurau

Register court:
Amtsgericht Frankfurt am Main, registration number: HRB 48809

Tax ID number according to § 27 a German Sales Tax Law:
VDE203 779 866

Responsible for content according to § 55, Clause 2 RStV:
Stefan Lucht
Lucht Probst Associates GmbH
Große Gallusstraße 9
60311 Frankfurt am Main

Website and support:
Digital Agency ELSTERKIND GmbH

Settlement of disputes
We are not willing or obliged to participate in dispute resolution proceedings before a consumer arbitration body.

Settlement of disputes
We are not willing or obliged to participate in dispute resolution proceedings before a consumer arbitration body.

Liability for links
Our website contains links to external websites of third parties over whose content we have no influence. Therefore, we cannot assume any liability for this external content. The respective provider or operator of the sites is always responsible for the contents of the linked sites. The linked sites were checked for possible legal infringements at the time of linking. Illegal content was not recognizable at the time of linking.

However, permanent monitoring of the content of the linked sites is unreasonable without concrete evidence of a violation of the law. If we become aware of any infringements, we will remove such links immediately.

The contents and works created by the site operators on these pages are subject to German copyright law. Duplication, editing, distribution and any kind of use outside the limits of copyright law require the written consent of the respective author or creator. Downloads and copies of this site are only permitted for private, non-commercial use.
As far as the contents on this site were not created by the operator, the copyrights of third parties are respected. In particular, the contents of third parties are marked as such. Should you

Data Protection of derivateXXL

General information

The operators of this website take the protection of your personal data very seriously. We treat your personal data confidentially and in accordance with the statutory data protection regulations and this Privacy Policy.

When you visit our website, various personal information is collected. Personal data is information that identifies you personally. This Privacy Policy  explains what information we collect, what we use it for  and the purpose of the survey.

Please note that data transmisson over the Internet (for example, when communicating by e-mail) may have security vulnerabilities. A complete protection of the data from access by third parties is not possible.

Note on the responsible body
The responsible body for data processing on this website is:

Lucht Probst Associates GmbH
Große Gallusstraße 9
60311 Frankfurt am Main
District court Frankfurt am Main, HRB 48809

The responsible body is the natural or legal person who alone or together with others decides on the purpose and means of processing personal data (e.g. names, email addresses, etc.).

Revocation of your consent to data processing
Many data processing processes are only possible with your express consent. You can revoke your consent at any time. All you need to do is send us an informal email. The legality of the data processing up to the revocation remains unaffected by the revocation.

Right of objection against data collection in special cases and against direct advertising (Art. 21 DSGVO)
If data processing is based on Article 6(1)(e) or (f) of the DSGVO, you have the right to object at any time to the processing of your personal data for reasons arising from your particular situation.  The respective legal basis on which processing is based can be found in this data protection declaration. If you file an objection, we will no longer process your personal data unless we can prove compelling reasons worthy of protection for the processing that outweigh your interests, rights and freedoms or the processing serves to assert, exercise or defend legal claims (objection pursuant to Art. 21 para. 1 DSGVO).

Right to data transferability
You have the right to have data which we process automatically on the basis of your consent or in fulfilment of a contract handed over to you or to a third party in a common, machine-readable format. If you request the direct transfer of the data to another person responsible, this will only take place if it is technically feasible.

Information, deletion, blocking, appeal
You have the right to receive information about the origin, recipient and purpose of your stored personal data free of charge at any time. You also have the right to request the correction, blocking or deletion of this data. You can contact us at any time at the address given below if you have any further questions on the subject of data protection.

Lucht Probst Associates GmbH
– data protection officer –
Große Gallusstraße 9
60311 Frankfurt am Main

You also have the right of appeal to the responsible supervisory authority. The responsible supervisory authority for data protection issues is the data protection officer of the federal state in which our company is based. A list of data protection officers and their contact details can be found at:

Application data
If you apply to us, we process your address, telecommunication and application data exclusively for processing your application (§ 26 Abs.1 BDSG). Your address and telecommunication details are required to associate the application with and contact you.
If the application process ends without employment, your data will regularly be stored for a further three months for documentation purposes and then deleted or destroyed, as well as the documents sent to us. With your consent tot he processing oft he data for future application procedures, we will keep this longer accordingly (§ 26 Abs. 2 BDSG).

Newsletter data
If you receive our newsletter, we need an e-mail address from you. This address will only be used for sending the newsletter -  unless we have received your data for other reasons and for other purposes – and not disclosed to third parties.

Processing takes place on the basis of your consent. (Art. 6 Absatz 1 lit. a DSGVO).

The given consent can be revoked at any time via the „unsubscribe“ link in the newsletter.

SSL encryption
This site uses SSL encryption for security reasons and to protect the transmission of confidential content, such as orders or requests that you send to us as the site operator. You can recognize an encrypted connection by the fact that the address line of the browser changes from “http://” to “https://” and by the lock symbol in your browser line. If SSL encryption is activated, the data you transmit to us cannot be read by third parties.

Objection against advertising mails
We herewith object to the use of contact data published within the scope of the imprint obligation to send unsolicited advertising and information material. The operators of these pages expressly reserve the right to take legal action in the event of unsolicited advertising information, such as spam emails.

Data collection on our website

Some of the internet pages use so-called cookies. Cookies do not cause any damage to your computer and do not contain any viruses. Cookies serve to make our website more user-friendly, effective and secure. Cookies are small text files that are stored on your computer and saved by your browser.

Most of the cookies we use are so-called “session cookies”. They are automatically deleted at the end of your visit. Other cookies remain stored on your terminal until you delete them. These cookies enable us to recognize your browser the next time you visit our website.

You can set your browser so that you are informed about the setting of cookies and only allow cookies in individual cases, exclude the acceptance of cookies for certain cases or generally and activate the automatic deletion of cookies when closing the browser. When cookies are deactivated, the functionality of this website may be limited.

The legal basis is Art. 6 (1) lit b DSGVO, provided that these cookies process data fort he purpose of initiating a contract or processing a contract. If there are no contractual purpsoes, our legitimate interest lies in the improvement, stability, functionality and security of our website; the legal basis for this is Art. 6 (1) lit. f DSGVO.

As far as other cookies (e.g. cookies for the analysis of your surfing behaviour) are stored, these will be treated separately in this data protection declaration.

The provider of the pages automatically collects and stores information in so-called server log files, which your browser automatically transmits to us. These are:

  • Browser type and browser version
  • Operating system used
  • Referrer URL
  • Host name of the accessing computer
  • Time of the server request
  • IP address

This data is not combined with other data sources. We reserve the right to check this data retrospectively, if we become aware of specific indications for illegal use.

The basis for data processing is Art. 6 para.1 lit. f DSGVO; our legitimate interest lies in the improvement, stability, functionality and security of our website.

Contact form
If you send us inquiries via the contact form, your details from the inquiry form, including the contact details you provided there, will be stored in order to process the request and in case of follow-up questions. We will not share this information without your consent.

The basis for data processing is Art. 6 para. 1 lit. f DSGVO, which permits the processing of data for the fulfilment of a contract or pre-contractual measures.

The data you provide will remain with us until the purpose of data storage ceases (for example, after the completion of your request) or you ask us to delete it. Mandatory statutory provisons – especially retention periods – remain unaffected.

This website uses the open source web analysis service Matomo. Matomo uses so-called “cookies”. These are text files that are stored on your computer and enable an analysis of your use of the website. For this purpose, the information generated by the cookie about the use of this website is stored on our server. The IP address is made anonymous before it is saved.

Matomo cookies are stored on the basis of Art. 6 para. 1 lit. f DSGVO. The website operator has a legitimate interest in anonymised analysis of user behaviour in order to optimise their website..

The information generated by the cookie about the use of this website will not be passed on to third parties. You may refuse the use of cookies by selecting the appropriate settings on your browser, however please note that if you do this you may not be able to use the full functionality of this website.

If you do not agree to the storage and use of your data, you can deactivate the storage and use here. In this case, an opt-out cookie is stored in your browser which prevents Matomo from saving usage data. If you delete your cookies, the Matomo Opt-Out cookie will also be deleted. The opt-out must be reactivated the next time you visit our site.


Google Maps
This website uses the Google Maps product of Google Inc. By using this site, you consent to the collection, processing and use oft he automated data collected by Google Inc, ist agents and third parties. The terms of service of  Google Maps can be found under „Nutzungsbedingungen von Google Maps“  For details, see the Privacy Center at Transparenz und Wahlmöglichkeiten and Datenschutzbestimmungen

The use of Google Maps is in the interest of an attractive presentation of our online offers and easy findability of the places we have indicated on the website. This constitutes a legitimate interest within the meaning of Art. para. 1 lit. f DSGVO.