Xetra MidPoint presentation
Xetra MidPoint presentation
Xetra MidPoint presentation
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<strong>Xetra</strong> <strong>MidPoint</strong>Key Benefits 1/2• Increased execution quality through elimination of market impact• Execution always at <strong>Xetra</strong> BBO midpoint• Removal of information leakage through closed order book• Unique combination of visible and invisible liquidity in one system• <strong>Xetra</strong> <strong>MidPoint</strong> simply new order type in <strong>Xetra</strong>• Use of existing infrastructure to access both, visible and invisible liquidity• Matching of invisible orders at a fully transparent reference price• High transparency and integrity in a regulated market• Supervision through trading surveillance• Easy distinction of <strong>Xetra</strong> <strong>MidPoint</strong> executions• Clear identification of <strong>MidPoint</strong> executions through tagging in data feed (XM)• Immediate display of execution via existing architecture for data dissemination10
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