24 August 2017
visit www.avoka.com

Deutsche Börse introduces Xetra MidPoint function

21 November 2008  |  2014 views  |  0 Source: Deutsche Börse

As from Monday, 24 November, trading members will be able to trade around 1,500 equities and exchange traded funds (ETFs) at Deutsche Börse at the midpoint of the current bid/ask spread of the open Xetra order book.

This new Xetra MidPoint function enables market participants to execute larger orders on market-neutral terms, and to lower their trading costs.

Xetra MidPoint orders are placed in a closed order book and executed there in continuous trading at the midpoint of the current best bid and best ask price from the open Xetra order book. Price determination can be fully traced.

"Larger volumes can be traded with Xetra MidPoint without market impact: with transparent prices and the security that a regulated market such as the stock exchange offers," said Rainer Riess, Managing Director of Deutsche Börse's Cash Market Development department. "As Xetra MidPoint orders are always executed at the midpoint of the best bid and ask prices, implied trading costs, which constitute the bulk of the total trading costs, are reduced for the investor."

Xetra MidPoint orders are specially marked with the code "XM". Legally, they are considered to be exchange-concluded transactions. Xetra MidPoint orders are possible in DAX stocks for amounts of € 25,000 and more; the threshold for other stocks is € 10,000.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.vasco.comdownload the paper nowvisit www.dorsum.eu

Top topics

Most viewed Most shared
Rabobank constructs physical model to understand IT architectureRabobank constructs physical model to unde...
21427 views comments | 44 tweets | 88 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
12109 views comments | 22 tweets | 35 linkedin
Australia regulates digital currenciesAustralia regulates digital currencies
11504 views comments | 21 tweets | 35 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
11286 views comments | 10 tweets | 8 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
10916 views 0 | 7 tweets | 1 linkedin

Featured job

Competitive base and bonus, plus benefits
London, UK

Find your next job