Deutsche Börse Offers Insight into Xetra Order Book
Xetra transparency also for private investors
Deutsche Börse has opened up the Xetra® order book, offering swift insight into its fully electronic trading system. Visitors to the investor portal www.boerse-frankfurt.com/orderbook can track the price and number of shares for all buy and sell orders placed in the Xetra trading system, making the order book situation for all stocks traded at Deutsche Börse transparent. The open order book helps in the investment-decision process.
Private investors, investment advisors and portfolio managers can see the ten best bid/ask prices with a delay of 15 minutes free of charge and without registration, thus giving them easy access to information that was previously reserved mostly for professional traders.
The Xetra mask lists the stocks according to the index they are contained in. However, investors can also use the order book to track individual stocks or compile their own list to check the tradability of less liquid stocks, for example.
Xetra is Deutsche Börse’s fully electronic trading system to which over 250 banks and brokerage firms from 19 countries are connected. More instruments are tradable on Xetra than on any other platform - currently more than 350,000 securities. Buy and sell orders from licensed traders around the world are matched in a central computer. In continuous trading, Xetra automatically checks every buy and sell order for executability. If there is a suitable counterorder, the transaction is executed immediately. In auctions, Xetra determines the price which would generate the highest turnover for all open orders.
Deutsche Börse is constantly enhancing its in-house system, thus guaranteeing the highest standards in terms of reliability, security, speed, transparency, innovation and cost efficiency. In 2008, 226 million transactions and 99 percent of trading in DAX® stocks were executed via Xetra.
Deutsche Börse’s investor portal is aimed specifically at private investors, investment advisors and portfolio managers and offers up-to-date price, trading and company data as well as financial news and stock exchange know-how.
DAX® and Xetra® are registered trademarks of Deutsche Börse AG.
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