The Electronic Trading Platform

Market Places of Frankfurt Stock Exchange

The Xetra® trading platform is a fully electronic trading system which aggregates buy and sell orders of licensed traders in a central computer. If the number of securities and their price correspond, the orders are automatically matched.

The strong performance of Xetra is illustrated by the fact that more than 90 percent of the entire share trading at German exchanges is now handled through Xetra. One-fifth of these orders are placed by private investors.

Since the beginning of 2008 with the introduction of a new market model, the trading of certificates and warrants now runs through Xetra. Specialists function in this environment as market makers, where they execute orders based on quotes set by the issuer.

Xetra offers trading which takes the interests of private investors into due account:

• With fair pricing: the high trading volume ensures that the orders are executed rapidly, fully and at fair prices.
• At low costs: there is no brokerage fee.
• At high speed: the fully electronic matching of orders guarantees fastest execution times, regardless of whether a share or a whole block of shares is traded. During long trading hours: Xetra trading takes place on each trading day between 9am and 5.30pm.
• With a broad selection: on Xetra almost all of the shares listed at FWB® Frankfurter Wertpapierbörse (Frankfurt Stock Exchange) can be traded. There are currently almost 6,000 securities.
• With room for wishes: order addenda define in Xetra trading how an order is to be executed.

You can select Xetra like any other exchange as your market place. Simply specify Xetra as place of execution when you place an order.