20 July 2018
Visit www.avoka.com

Deutsche Börse to expand product offering on Xetra International

10 March 2010  |  2034 views  |  0 Source: Deutsche Börse

Deutsche Börse plans to expand the scope of tradable instruments on its pan-European platform Xetra International (XIM) market from 86 securities at present to 1,000.

By summer 2010 the existing offering for France, the Netherlands, Belgium, Finland, Spain and Italy will be enlarged by 700 securities. In this way all EURO STOXX instruments from these countries and additional highly liquid ones will become tradable and will be settled in their home countries.

In the second half of 2010 Deutsche Börse plans to admit to trading securities from the STOXX Europe 600 from Switzerland, Great Britain, and Ireland - the first two in their domestic currency, Ireland in euro. Planned to follow at the end of the year are shares from Austria, Denmark, Greece, Norway, Portugal and Sweden as well as Polish shares from the STOXX Eastern Europe 300 and further highly liquid securities from these seven countries. In total 1,000 shares will then be available for trading on XIM. The expansion is subject to
respective national regulatory approval.

Transactions executed on Xetra International Market will be offset via Eurex Clearing and settled cost-effectively in the respective domestic markets. Clearstream forms the interface between Eurex Clearing and the domestic markets enabling Clearstream to use the settlement liquidity of these markets.

With its top market quality, competitive price model, and low set-up costs for participants, XIM will significantly strengthen Deutsche Börse's competitive position on the European equities trading market. Deutsche Börse Group uses economies of scale for the new trading segment on Xetra and in the clearing house as XIM is set up on the existing infrastructure, generating hardly any additional costs in system operation. Deutsche Börse thus expects XIM to be a very sustainable business model.

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
Visit iliad-solutions.com/Visit info.nice.comVisit https://secure.vasco.com

Who is commenting?

Top topics

Most viewed Most shared
Calmejane quits Lloyds Bank to join SocGenCalmejane quits Lloyds Bank to join SocGen
12974 views comments | 6 tweets | 7 linkedin
Hong Kong plans September go-live for blockchain-based trade financeHong Kong plans September go-live for bloc...
10455 views comments | 9 tweets | 17 linkedin
Mastercard enlists Worldpay to push Vocalink's Pay by Bank appMastercard enlists Worldpay to push Vocali...
9791 views 19 comments | 15 tweets | 30 linkedin
IBM to test dollar-pegged 'stablecoin'IBM to test dollar-pegged 'stablecoin'
6842 views comments | 4 tweets | 14 linkedin
Bringing about new systems and faster payments globallyBringing about new systems and faster paym...
6669 views comments | 2 tweets | 7 linkedin

Featured job

Competitive base, double ote, benefits
New York, Boston, Chicago, Philadelphia, USA

Find your next job