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With "Xetra International Market", Deutsche Börse plans to offer the around 260 Xetra® participants European blue chip trading with settlement in their domestic markets by the end of this year.
The aim is to enable trading participants in 19 European countries to place their trading orders for European blue chips, including all Dow Jones EURO STOXX 50® stocks, in the Xetra International Market in the fourth quarter of this year. They will benefit from the efficiency of a leading infrastructure for algorithmic trading on the cash and derivatives markets, and from the security, transparency and integrity that a regulated, monitored and neutral exchange platform with associated clearing provides.
"Xetra International Market will enable us to significantly strengthen Deutsche Börse’s position in trading highly liquid European equities. We intend to offer our cash and derivatives market clients European blue chips and the corresponding equity and index derivatives in a uniform infrastructure. This means we will be giving our market participants new trading and arbitrage opportunities," said Frank Gerstenschläger, member of the Executive Board of Deutsche Börse AG and responsible for the cash market.
Transactions executed on Xetra International Market will be efficiently cleared via Eurex Clearing, Europe's largest central counterparty. Eurex Clearing is a global leader in risk management standards and eliminates counterparty risk. Clearstream forms the interface between Eurex Clearing and the domestic markets enabling it to use the latter's settlement liquidity and existing processes. Additional markets following Belgium, Finland, France, Italy, the Netherlands and Spain are to be gradually connected via Clearstream.
