Trading models

Trading modelsContinuous auction – the central trading model for the trading venue Börse Frankfurt

The continuous auction trading model is one of the multilateral trading models in which competing sell and buy orders from several parties can interact. Trading is order-driven, i.e. the buy and sell orders are collected in a central limit order book. As a rule, orders are executed immediately in the continuous auction.
The continuous auction with Market Makers or with a Specialist is particularly suited to trading less liquid securities such as shares in small and medium-sized enterprises, as well as bonds, retail funds, certificates, and warrants.

There are two forms:

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