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.