Xetra MidPoint offers discrete trading and allows for reduced transaction costs
Xetra® MidPoint allows trading members to trade stocks from DAX®, MDAX®, SDAX® and TechDAX® without disclosing the volume and the limit of their order. Xetra MidPoint thereby enables market participants to execute market neutral orders of greater volume. The orders are entered into a closed order book and executed at midpoint between the best bid and ask price of the open Xetra order book. Due to the execution at midpoint between the best bid and ask price, implicit transaction costs for investors are reduced. Xetra MidPoint thereby not only ensures full transparency concerning price determination but also enables trading members to minimise their trading costs.
Xetra-MidPoint orders are indicated through the code “XM”. Legally, they are considered exchange-executed transactions.
Xetra MidPoint at a glance
Xetra MidPoint in detail
A description of Xetra MidPoint is contained in the Xetra MidPoint presentation and the brochure. The fees for transactions within Xetra MidPoint are included in the price list for the utilization of the trading system of the Frankfurt Stock Exchange.