what is xetra

Given the high turnover (liquidity) on the Xetra trading venue, orders for securities are executed swiftly and at prices in line with the market. The name is an acronym for Exchange Electronic Trading. Independent market surveillance is made up of the Trading Surveillance Office (HÜSt), the Exchange Supervisory Authority attached to the Hessian Ministry of Economic Affairs, Transportation, and Regional Development, and the Federal Financial Supervisory Authority (BaFin). Through its Deutsche Börse Cash Market business section, Deutsche Börse AG in Frankfurt/Main now operates two trading venues based on the trading technology of Xetra:[10], Furthermore, the trading technology of Xetra has also been in use at the Vienna Stock Exchange since November 1999. Non-trading days in 2020 are displayed in our trading calendar. However, banks and online brokers do not face additional transaction costs for same-day partial executions and therefore most of them do not bill their clients additionally for partial executions. Today, it is used in over 90% of all transactions on the Frankfurt Stock Exchange, the Frankfurt stock exchange.

In December 2010, the Vienna Stock Exchange similarly introduced Xetra at the Ljubljana Stock Exchange. Since then, it has spread to other national stock exchanges in Vienna, Austria; Dublin, Ireland; and Shanghai, China. extended volatility interruption, maximum order validity 90 days), pricing of an IPO possible for the first time, Possibility of trading warrants, preparation for evening trading, improved auction transparency, several clearing accounts possible, Introduction of iceberg and market-to-limit orders, as well as block crossing, Functionality for the Equity Central Counterparty, intraday closing auction, Introduction of Xetra BEST, abolition of the C++ frontend, enhanced performance, calculation of increased user fees in the event of possible excessive system load, Market model for EEX (manual intraday auction), introduction of subscription rights trading, display of last trades possible, Greater speed through split market data streams and increased caching, better transparency, MiFID conformity assured in particular with regard to OTC trades executed via Xetra, Introduction of certificates trading, minor changes to the front-end and a few small changes to the implemented features, Introduction of trading in actively managed funds on Xetra, new “MidPoint Order” order type launched, basic multi-currency capability, Changes to the market models, minor changes to the API, Introduction of Xetra International Market, Migration of all shares and bonds previously tradable via Börse Frankfurt trading venue, Interface for FIX protocol, multi-exchange capability, new order types “Strike Match” and “Top of the Book” introduced, execution of bilateral trades now possible through the Order Book, New order types, improved risk management for OTC trades, more efficient access to the Xetra trading technology, Adjustments in line with the German High Frequency Trading Act, introduction of system-based risk management for market makers, expansion of the FIX Gateway, Lower latency, introduction of the “Volume Discovery Order” for block trading in conformity with MiFID II, quote request for ETF orders, new optional “Self-Match Prevention” functionality, This page was last edited on 1 September 2020, at 16:06. [6], The admission of securities to the Frankfurter Wertpapierbörse (FWB, Frankfurt Stock Exchange) and its trading venues Xetra and Börse Frankfurt does not require separate admission. The Deutsche Borse first launched this platform for handling the stock trades back in 1997.

It allows to reduce costs with financial transactions, in addition to offering a range of features that is always growing, as the system receives periodic updates.

Börse Frankfurt and Tradegate Exchange, which, as we have seen, are other solutions of the Deutsch Börse Group, neither. Xetra. At the time, he was the successor to the IBIS platform. Minor adjustments to the frontend and backend, Introduction of intraday auctions, Designated Sponsors, and stop orders. Evolution of trading from an IT perspective With our series “Evolution of exchange trading” we look back on the origins and milestones of exchange trading from various perspectives. The Frankfurt Stock Exchange represents Germany’s largest trading exchange. Xetra (Market Identifier Code (MIC): XETR) is a trading venue operated by Frankfurter Wertpapierbörse (FWB, the Frankfurt Stock Exchange) based in Frankfurt, Germany. [8], Xetra is a registered trademark of Deutsche Börse AG.[9].

Thanks in part to the success of the Xetra, this exchange represents one of the most efficient and biggest facilities for trading markets on earth. Xetra DAX is Germany’s equivalent of the Dow Jones Industrial Average in America and the Financial Times Stock Exchange 100 in London. Xetra (Market Identifier Code (MIC): XETR) is a trading venue operated by Frankfurter Wertpapierbörse (FWB, the Frankfurt Stock Exchange) based in Frankfurt, Germany. Release of the Xetra GUI frontend only, to enable the familiarisation process. While the DAX is an important index with its 30 Prime Standard companies represented, this does not equate to the strength of the whole German economy.

Xetra was … Traders can watch and access trading in German stocks, bonds, funds, commodities contracts, and warrants on the Xetra system. In total, 18 countries adopt it. Despite the confusion, the general understanding is that it is not a stock exchange. It indicates whether news board messages regarding current technical issues of the trading system have been published or will be published shortly. Xetra® is an acronym for Exchange Electronic Trading, which is a global trading system established by German marketplace and transaction services company Deutsche Borse. At this point, the L/E-DAX Index picks up trading until 8pm. [1] Trading times on trading days are from 9.00 a.m. to 5.30 p.m.[2] The prices on Xetra serve as the basis for calculating the DAX, the best-known German share index. In fact, it is treated as a true and autonomous digital stock exchange. According to the Deutsch Börse Group itself, at Xetra it is possible to “buy and sell the most important German and international shares […], in addition to exchange-traded funds (ETFs), exchange-traded commodities (ETCs) and exchange -traded notes (ETNs) “. They must hold minimally one analyst conference every year. An example of this is that, in mid-2019, it was reported that Xetra “listed” its first Blockchain company . These include volatility interruption, market order interruption, and liquidity interruption measures. All financial dictionaries - including over 1000 financial terms - are available on, © 2014-2020 Herold Financial Dictionary |, No sign up or email required (55 copies left). Xetra The electronic Trading Platform in use at the Frankfurt Stock Exchange. Xetra is a completely electronic trading system.

Also known as the FRA, it is based in Frankfurt. The Frankfurt Exchange handles practically all of Germany’s trading. Commentdocument.getElementById("comment").setAttribute( "id", "a6154a638d6d9d810461ecfaeb86349a" );document.getElementById("f3f7ed9cd0").setAttribute( "id", "comment" ); Save my name, email, and website in this browser for the next time I comment. The many foreign investors flowing in because of Xetra are responsible for a significant share of the profits.

Free Download - The 100 Most Important Financial Terms You Should Know! Xetra computes the DAX index values once every second. All of the prices from the DAX are taken off of the Xetra trading system. The trading technology of Xetra replaced the IBIS trading platform on 28 November 1997.
Making German capital markets more accessible for foreigners and their investment proved to be one of its key benefits. Started in year 1997 and managed by the Deutsche Börse, the Xetra stage provieds expanded flexibility for seeing order depth inside the markets and provides trading in securities, funds, bonds and commodities contracts. Newly listed securities at the Xetra trading venue are automatically included in Börse Frankfurt trading.
Xetra is a trading technology platform operated by the Deutsche Börse Group, which accounts for more than 90% of all trading in shares at all German exchanges. It was created in 1997, is based in Frankfurt, Germany, and is operated by the Deutsch Börse Group. Trading on Xetra is from Mondays to Fridays from 9 a.m. until 5.30 p.m. CET.

It was created in 1997, is based in Frankfurt, … Their quarterly reports and ad hoc disclosure must be in German as well as in English. As all the exchange trading is transacted electronically, there can be partial execution of orders on the Xetra trading venue. It also manages a significant portion of all trading in the whole of Europe. Among these are the DAX, the Eurostoxx 50 and the VDAX.


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