When the segment is launched on September 14, the Xetra US Stars will also be online on the Internet information screen, "Xetra Live". Xetra Live is an emulation of the Xetra trading screen. Private investors can see the entire orderbook in real time and with market depth and every order in the Xetra US Stars segment by mouse click. Market depth displays the top ten bid and ask offers on Xetra.The information screen is available to users free of charge until the end of the year via www.deutsche-boerse.com in the section Market Data/Xetra Live.
Deutsche Börse, Eurex and Clearstream International will offer trading and settlement for U.S. equities, exchange-traded index funds and equity options on a joint basis. In the "Xetra US Stars" segment, all U.S. stocks in the Dow Jones Industrial Average, S&P 100, Nasdaq 100 and Dow Jones Global Titans 50 will be tradable as of September 14. Trading in euro-denominated equity options on U.S. stocks at Eurex starts on September 24 with options on AOL Time Warner, Cisco Systems, Citigroup, EMC, General Electric, IBM, Intel, Microsoft, Oracle and Sun Microsystems. The trades will be cleared and settled through Clearstream International. As of September 14, Dow Jones will calculate the Dow Jones Industrial Average (DJIA) and the Dow Jones Global Titans 50 from Frankfurt Xetra prices before the market opens in the United States.
In the cash market, Goldman Sachs and Morgan Stanley will function as U.S. Market Experts making markets in Xetra US Stars and providing liquidity. US Market Experts continuously quote binding bid and ask prices for a minimum value of 50,000 euros per quote. Baader Wertpapierhandelsbank AG, Finacor Rabe AG and Wertpapierhandelsbank Seydler AG, with their experience as lead brokers in the German market, will also be functioning in this capacity.