What it is:
Xetra is a trading system owned by the Deutsche Borse (Germanexchange).
How it works (Example):
Started in 1997, about 250 participants (mostly brokerages, dealers, and market makers) in 19 countries use Xetra, which is an electronic trading system for , , warrants, ETFs and other securities. About 900,000 securities can be traded on the platform, which is more than any other system. Trading hours are from 8 a.m. to 8 p.m., and the system processes about 107 million transactions on peak days.
The platform, based in Frankfurt, Germany, also permits hidden orders, which preserves the anonymity of the participants.
Why it Matters:
The Irish Stock Exchange and their participants also use Xetra.