Xetra Receives Three Global ETF Awards
Deutsche Börse recognized as having largest number of ETF listings and as most proactive and best-performing ETF exchange
This year’s 6th Annual Global ETF Awards® in New York saw Deutsche Börse receive awards in the following categories for the sixth consecutive time: “Exchange with the largest number of primary listed ETFs in Europe”, “Most proactive ETF Exchange in Europe” and “Largest ETF Exchange by Dollar turnover in Europe”.
The 6th Annual Global ETF Awards was organized by exchangetradedfunds.com, an information provider based in New York which specializes in Exchange Traded Funds, Exchange Traded Notes and Exchange Traded Commodities. The Awards reflects outstanding achievements in 2009 by participants in the ETF, ETN and ETC industry. Winners are selected on the basis of votes cast by the global marketplace and statistical data.
Xetra® is Europe’s leading trading venue in terms of turnover for exchange traded funds with a market share of 38 percent. Average monthly trading volume in Q1 2010 stood at around €13 billion. Out of 14 issuers, its product offering is the largest in Europe, currently with 651 ETF listings. It enables investors to compile a broadly diversified portfolio of equities, bonds and commodities with low transaction costs. More than 250 market participants from 19 countries have access to trading in exchange-traded index funds at Deutsche Börse.
Deutsche Börse was the first European exchange to launch trading in ETFs, on Xetra on 11 April 2000. Since then, ETFs have become one of the most successful financial products in Europe. Fund assets have increased at an annual average rate of around 90 percent within the last ten years thanks to a continuous inflow of funds. Assets under management totaled a record €134.6 billion at the end of March. The growth has been driven by increasing recognition and the variety of uses for ETFs, which can be used in a growing number of markets and regions thanks to numerous new product launches.
Exchange-traded funds are funds that are traded on the stock exchange; their performance follows that of an index. These indices can be national and international equity indices, commodity, real estate indices or bond indices. This means that indices, and underlying markets, can be traded as easily as equities.
About the XTF-Segment
XTF Exchange Traded Funds is Deutsche Börse’s trading segment for ETFs on Xetra. Deutsche Börse’s XTF segment is the market leader with both the largest number of ETFs and the highest trading volume in Europe. The XTF segment has a European market share of 38 percent. In Germany, around 98 percent of the turnover in ETFs is processed via Deutsche Börse: 95 percent goes through Xetra, while 2.5 percent is handled by the trading floor of the Frankfurt Stock Exchange.
The Xetra business unit of Deutsche Börse provides listing, trading and clearing services for issuers, intermediaries and investors. Xetra provides efficient access to the capital markets, supports the latest trading techniques and provides an ever-growing range of tradable securities. The trading system of the same name sets the highest standards in terms of reliability, security, speed and innovation. Xetra offers the highest liquidity, transparency and cost efficiency to more than 250 European banks and brokerage firms from 19 countries. Approximately 400,000 securities are traded using Xetra technology, more than on any other trading platform.
Xetra® and XTF® are registered trademarks of Deutsche Börse AG.
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