21 February 2018
Visit www.avoka.com

Deutsche Börse talks up Xetra MidPoint; promises new functionality

04 June 2009  |  2272 views  |  0 Source: Deutsche Börse

Since the introduction of Xetra MidPoint six months ago, trading activities and liquidity in this closed Xetra order book have continuously increased. The daily average number of orders in the last month was around 12,000 - with a peak level of 28,000 orders. The highest daily turnover to date was in the region of €40 million. In Xetra MidPoint, orders are executed at the midpoint of the best bid/ask-spread.

"Market participants are increasingly making use of Deutsche Börse's offer of trading orders at a neutral trading venue without market impact or conflicts of interest. Xetra MidPoint is the most successful offering in Europe for executing orders fairly and neutrally on an independent and regulated platform. We expect more success when we introduce Minimum Acceptable Quantity in June," said Rainer Riess, Managing Director of Xetra Market Development at Deutsche Börse.

One feature of Xetra Release 10.0, which Deutsche Börse is due to introduce on 8 June, is that it will improve the functionality of Xetra MidPoint.
Minimum Acceptable Quantity will make Xetra MidPoint more attractive for large-volume orders. Market participants can define a minimum quantity for each individual order below which it should not be executed. Xetra MidPoint can also be used for all order sizes. The previous minimum volumes of €25,000 in DAX securities and €10,000 in all others are to be abolished. This makes Xetra MidPoint even more interesting for most small orders in algorithmic trading.

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.ebaday.comVisit http://info.nice.comvisit www.swift.com/your-needs/instant-payments

Top topics

Most viewed Most shared
ABN Amro moves escrow accounts to the blockchainABN Amro moves escrow accounts to the bloc...
10063 views comments | 15 tweets | 13 linkedin
ECB launches staunch defence of cashECB launches staunch defence of cash
9681 views 10 comments | 22 tweets | 26 linkedin
Coinbase and Visa at loggerheads over erroneous charges on customer crypto accountsCoinbase and Visa at loggerheads over erro...
8447 views comments | 13 tweets | 12 linkedin
BBVA-backed digital banking startup targets gig economy workersBBVA-backed digital banking startup target...
7108 views comments | 8 tweets | 12 linkedin
hands typing furiouslyMaking Customer Experience Your Business
6806 views 0 | 7 tweets | 5 linkedin

Featured job

Find your next job