[ A D V E R T O R I A L ]
Dr. Martin Reck, managing director, Deutsche Börse AG
The migration to T7 also means
a comprehensive harmonisation
of Deutsche Börse’s cash and
derivative markets, and trading
participants benefit from synergies
resulting from the alignment on a
common technology for the trading
of cash and derivative products, as
well as lower access barriers to the
derivative market and vice versa.
Another first: Initialising the ETF
boom in Europe
Only three years after starting
Xetra, Deutsche Börse introduced
ETFs to the European market.
Right from the start, Xetra has
been the pan-European trading
venue of choice regarding ETFs.
With a market share of more than
30 percent of all ETF trading
throughout Europe and a product
offering of nearly 1,500 ETFs and
ETPs from 24 issuers, the XTF
segment has managed to pool
liquidity in ETF trading like no
other European trading venue,
with the tightest spreads and low-
est transaction costs.
More than the sum of its parts
Trading on Xetra does include a
cost-efficient and complete service
chain. Thanks to Deutsche Börse’s
integrated business model, straight-
through processing includes not
only clearing and settlement of
each and every instrument traded
on Xetra, but also the elimination
of counterparty risk due to Eurex
Clearing, one of the leading clearing
houses in Europe, acting as central
counterparty for every trade execut-
ed on Xetra. Additional safety and
effective protection against poten-
tial disadvantages during highly
volatile markets or fraudulent be-
haviour of other market participants
are provided by Xetra’s protective
mechanisms and Deutsche Börse’s
market surveillance.
All in all: a cutting-edge trading
technology, innovative function-
alities, a vast, heterogeneous
liquidity pool, and the fairness and
transparency only a regulated ex-
change can offer - anyone can see
the unique attraction of the Xetra
experience - offered and provided
for some 20 years now.
Issue 54
TheTradeNews.com
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