Xetra MidPoint presentation
Xetra MidPoint presentation
Xetra MidPoint presentation
- No tags were found...
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
<strong>Xetra</strong> <strong>MidPoint</strong>New service to attract non-displayed liquidityGoal:Elimination of market impact for larger sized ordersReason:Trend towards non-displayed liquidity to• execute larger sized orders as averagetrade sizes in <strong>Xetra</strong> open order book decreases• incur less partial executions• Pre-trade anonymity prevents information leakageSolution:Start:<strong>Xetra</strong> <strong>MidPoint</strong>November 24, 20082