The Electronic Trading Platform

The Xetra® trading platform is a fully electronic trading system which aggregates buy and sell orders of licensed traders in a central computer. If the number of securities and their price correspond, the orders are automatically matched.

The strong performance of Xetra is illustrated by the fact that more than 90 percent of the entire share trading at German exchanges is now handled through Xetra. One-fifth of these orders are placed by private investors.

Since 2011 trading on the Frankfurt floor runs on Xetra as well, but still suppoerted by traders. The system calculates the matching prices, specialists overlooks the execution. Specialists function in this environment as market makers.

Xetra offers trading which takes the interests of private investors into due account:

• With fair pricing: the high trading volume ensures that the orders are executed rapidly, fully and at fair prices.
• At low costs.
• At high speed: the fully electronic matching of orders guarantees fastest execution times, regardless of whether a share or a whole block of shares is traded.
• With a broad selection.
• With room for wishes: order addenda define in Xetra trading how an order is to be executed.

Related Links

• Xetra-Auction Plan
• Xetra Market Model 13.0 Equities (PDF)
• Xetra Market Model 11.1 Structured Products (PDF)