21 October 2017
visit www.atos.net

Deutsche Börse upgrades Xetra e-trading system

10 May 2007  |  2033 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.fivedegrees.nlvisit www.vasco.com

Top topics

Most viewed Most shared
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
10019 views comments | 22 tweets | 26 linkedin
satelliteGates Foundation backs Ripple collaboratio...
8948 views comments | 13 tweets | 10 linkedin
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
8913 views comments | 17 tweets | 20 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
8039 views comments | 9 tweets | 17 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
7719 views comments | 10 tweets | 22 linkedin

Featured job

Competitive base + commission + benefits
New York City, NY - USA

Find your next job