Market quality

Market quality

  • Xetra® offers the best price more often than any competitor – and as such is the market leader in trading in German blue-chips.
  • Combining quantitative and qualitative factors, Xetra is your first-choice trading venue for German equities.
  • Quantitative data are important, but are not the sole determinant of market quality. To mention just some of the key qualitative factors: Xetra offers absolute neutrality, transparency and straight-through processing.
 

In an increasingly fragmented market for European equities, it is difficult for investors and traders to judge the market quality of different trading venues on a continual basis. Xetra stands for first-class market quality, as shown by excellent results in comparison with other European trading venues.

Market share DAX

RankVenueMarket share
1XETR (Xetra)70.83%
2CHIX (Chi-X)15.75%
3BATE (BATS)5.12%
4TRQX (Turquoise)4.34%
5AQXE (Aquis)3.96%

Spreads DAX

at touch

RankVenueSpread (bps)
1XETR (Xetra)3.17
2CHIX (Chi-X)3.98
3

AQXE (Aquis)

4.08
4

BATE (BATS)

5.99
5

TRQX (Turquoise)

6.34

25k EUR deal

RankVenueSpread (bps)
1XETR (Xetra)3.82
2AQXE (Aquis)5.84
3CHIX (Chi-X)6.65
4BATE (BATS)11.89
5TRQX (Turquoise)12.34

Best prices DAX

at touch

RankVenueBest price
1XETR (Xetra)8.57%
2AQXE (Aquis)2.58%
3CHIX (Chi-X)1.87%
4BATE (BATS)0.30%
5TRQX (Turquoise)0.24%

25k EUR deal

RankVenueBest price
1XETR (Xetra)51.57%
2CHIX (Chi-X)6.10%
3AQXE (Aquis)3.54%
4BATE (BATS)1.25%
5TRQX (Turquoise)1.08%

 

Status: July 2019

Legend: 
Market shareMarket share is based on the order book volume. An average of all equities in the index is calculated.
SpreadsFor the spreads, the bid/ask spread of visible orders in the order book is measured. An average of all equities in the index is calculated from the result.
Spreads „at touch“The bid/ask spread shown at the top of the order book.
Spreads „25 k EURO deal“The bid/ask spread for an order volume of €25,000.
Best pricesBest prices show how often a trading platform posts an absolute best share price (no ties). An average of all equities in the index is calculated from the result.
  

Source: big XYT, own calculations

Market Status

XETR

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Parts of the trading system are currently experiencing technical issues

The trading system is currently experiencing technical issues

Xetra newsboard

The market status window is an indication regarding the current technical availability of the trading system. It indicates whether news board messages regarding current technical issues of the trading system have been published or will be published shortly.

We strongly recommend not to take any decisions based on the indications in the market status window but to always check the production news board for comprehensive information on an incident.

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