IDEAS home Printed from https://ideas.repec.org/a/spr/elmark/v30y2020i1d10.1007_s12525-020-00399-3.html
   My bibliography  Save this article

Xetra: the evolution of an electronic market

Author

Listed:
  • Martin Reck

    (Deutsche Börse AG)

Abstract

Since launching in 1997, the name Xetra has become synonymous with the electronic trading of securities – not just in German blue chips and other equities, but also in ETFs where it is a pioneer and the leading European trading venue. This article takes a look back at the history of Xetra and electronic trading in general, from 1997 to the present day. Alongside detailing key developments in Xetra’s history – for example, the launch of ETF trading in 2000 and responses to regulatory changes such as MiFID in 2007 – the article also examines the market models followed by Xetra and the protective mechanisms in place to ensure the security of electronic markets. Finally, the article concludes with a brief discussion of Xetra’s 2017 move to the state-of-the-art T7 trading infrastructure. As well as improving latency and throughput, the move to T7 brought Xetra into line with Eurex Exchange and thus greatly simplified access for members trading on both platforms.

Suggested Citation

  • Martin Reck, 2020. "Xetra: the evolution of an electronic market," Electronic Markets, Springer;IIM University of St. Gallen, vol. 30(1), pages 69-73, March.
    • Handle: RePEc:spr:elmark:v:30:y:2020:i:1:d:10.1007_s12525-020-00399-3
    DOI: 10.1007/s12525-020-00399-3
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s12525-020-00399-3
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.
    File URL: https://libkey.io/10.1007/s12525-020-00399-3?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Rainer Alt, 2020. "Evolution and perspectives of electronic markets," Electronic Markets, Springer;IIM University of St. Gallen, vol. 30(1), pages 1-13, March.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:elmark:v:30:y:2020:i:1:d:10.1007_s12525-020-00399-3. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.