Explanatory notes on the data

Trading parameters in Xetra trading

Smallest tradeable unit

How high is the minimum quantity of an order. In Frankfurt floor trading this is usually 1, i.e. one share, one fund unit or one securitised certificate. In the case of bonds, there is a minimum volume, as nominal shares in a bond are traded in euros. You can find this specification in the master data in the data sheet overview.

Designated Sponsor

Xetra trading participants commit themselves as Designated Sponsors to offer binding prices for securities in continuous trading in auctions and ensure tradability. 

  • Details on the work of the Designated Sponsors and a list of active companies can be found on xetra.com.
Trading model

The market model defines the basic principles of order execution and price determination for the trading venue. On Xetra this is the continuous trading with auctions.

CCP settlement

CCP is the English abbreviation for the central counterparty that acts as the counterparty in settlement. The CCP acts as a buyer to sellers and as a seller to buyers. This reduces the risk in securities trading, as it ensures that the trade will definitely take place - regardless of whether buyers become insolvent or sellers cannot deliver the securities at all.