18 December 2017
visit www.aciworldwide.com

Deutsche Börse upgrades Xetra e-trading system

10 May 2007  |  2040 views  |  0 Source: Deutsche Börse

Deutsche Börse has further upgraded its electronic trading system Xetra.

The improvements involve network adjustments, higher-performance hardware and new software functionalities. The average data transfer time for a round trip, i.e. the time required for an order to travel - from entry by the participant via the Xetra network to the Xetra backend and for confirmation of receipt to be sent back to the participant - is on average 16 milliseconds for the fastest participants. The fastest round-trip time is less than ten milliseconds, making Xetra one of the world's fastest trading systems.

The improvements were implemented for algorithmic trading, in which computers evaluate trading signals and automatically place buy and sell orders in the system. Algorithmic trading is dependent on extremely short round-trip times in order for the system to be able to react quickly and flexibly to market movements. More than 30 percent of the order book volume and more than 40 percent of the orders on Xetra are already computer generated - a growing trend. Algorithmic trading boosts liquidity and results in closer spreads for the securities traded, which benefits all market participants.

Xetra is one of the most efficient trading systems in the world. Buy and sell orders from around the world are listed side by side in the main open order book and executed automatically. 4,600 traders from all major banks and brokerage firms in 18 countries are connected to Xetra.

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.response.ncr.comvisit www.aciworldwide.comvisit www.thomsonreuters.info

Top topics

Most viewed Most shared
satelliteRipple completes XRP Lockup
11026 views comments | 3 tweets | 2 linkedin
Banks tap Ethereum smart contracts for MiFID II complianceBanks tap Ethereum smart contracts for MiF...
8436 views comments | 11 tweets | 12 linkedin
Banks and fintech startups join forces on blockchain-based supply chain pilotBanks and fintech startups join forces on...
7516 views comments | 19 tweets | 22 linkedin
Nordea takes Open APIs into live productionNordea takes Open APIs into live productio...
6996 views comments | 6 tweets | 26 linkedin
hands typing furiouslyReshaping Customer Engagement & Da...
6951 views 0 | 4 tweets | 2 linkedin

Featured job

Find your next job