Deutsche Börse to Launch "Xetra International Market" in Q4
New offering for trading in European blue chips/ Efficient clearing via Europe’s largest central counterparty/ Cost-effective settlement of transactions in respective domestic market
With “Xetra International Market”, Deutsche Börse plans to offer the around 260 Xetra® participants European blue chip trading with settlement in their domestic markets by the end of this year.
The aim is to enable trading participants in 19 European countries to place their trading orders for European blue chips, including all Dow Jones EURO STOXX 50® stocks, in the Xetra International Market in the fourth quarter of this year. They will benefit from the efficiency of a leading infrastructure for algorithmic trading on the cash and derivatives markets, and from the security, transparency and integrity that a regulated, monitored and neutral exchange platform with associated clearing provides.
“Xetra International Market will enable us to significantly strengthen Deutsche Börse’s position in trading highly liquid European equities. We intend to offer our cash and derivatives market clients European blue chips and the corresponding equity and index derivatives in a uniform infrastructure. This means we will be giving our market participants new trading and arbitrage opportunities,” said Frank Gerstenschläger, member of the Executive Board of Deutsche Börse AG and responsible for the cash market.
Transactions executed on Xetra International Market will be efficiently cleared via Eurex Clearing, Europe’s largest central counterparty. Eurex Clearing is a global leader in risk management standards and eliminates counterparty risk. Clearstream forms the interface between Eurex Clearing and the domestic markets enabling it to use the latter’s settlement liquidity and existing processes. Additional markets following Belgium, Finland, France, Italy, the Netherlands and Spain are to be gradually connected via Clearstream.
Xetra is a fully electronic trading platform to which 260 banks and brokerage firms in 19 countries are connected. Approximately 400,000 securities are traded using Xetra technology. Xetra is one of the fastest, most efficient and most reliable trading systems in the world. 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.
The international derivatives exchange Eurex, a joint subsidiary of Deutsche Börse AG and SIX Swiss Exchange AG, organizes global trading venues. Eurex offers a broad range of interest and equity-related benchmark derivatives denominated in euros. The portfolio also contains the world’s largest equity options exchange, International Securities Exchange (ISE). Eurex Repo and Eurex Bonds round off the repo and bond trading offering. Eurex also has an automated and integrated clearing house in the form of Eurex Clearing AG. Eurex’s global liquidity network comprises more than 400 direct exchange participants in 24 countries.
About Eurex Clearing
Eurex Clearing AG is one of the world’s leading clearing houses and, as a central counterparty, provides services for instruments traded on the Eurex derivatives exchange, the Eurex Bonds and Eurex Repo platforms, the Deutsche Börse cash market (Xetra and trading floor) and the Irish Stock Exchange. Eurex Clearing backs transactions for equities, options, futures, repos and bonds. The clearing services via a central counterparty enable efficient risk management and strengthen the integrity of the financial market. Eurex Clearing AG is a wholly-owned subsidiary of Eurex Frankfurt AG.
As an international central securities depository (ICSD), Clearstream provides services for the securities sector around the world. Based in Luxembourg, the company’s core business is the settlement and custody of international securities. The segment also offers value-adding services such as Global Securities Financing (GSF) and investment services. Moreover, as a central securities depository (CSD), Clearstream provides the infrastructure for post-trade services for German and Luxembourg securities, as well as international settlement services.
Xetra® is a registered trademark of Deutsche Börse AG.
Dow Jones EURO STOXX 50® is a registered trademark of STOXX Ltd.
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