What is the difference between the xetra and the frankfurt stock exchange

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I Accept Show Purposes. Your Money. Personal Finance. Your Practice. Popular Courses. Markets International Markets. What Is Xetra? Xetra was one of the first global electronic trade systems and still lists the DAX 30 index. Xetra offers increased flexibility for seeing order depth within the markets, and it offers trading in stocks, funds, bonds, warrants, and commodities contracts. Compare Accounts. During this call phase, trading participants can continue to enter, change or delete orders.

The opening auction lasts a minimum of 15 minutes, afterwards the trading system determines the first price of the share according to the principle of highest volume transacted. However, if there are too strong deviations from the issue price of the share, a volatility interruption occurs before the first price is determined. In this case, the opening auction is extended by about two minutes.

This gives market participants time for orientation and prevents the market from running in one direction without reflection. As soon as the trading system has determined the first price, the Specialist on the trading floor announces it. The price announcement serves as information for the audience. Following this, a board member of the newcomer rings the bell. Now regular trading is starting and trading participants can enter their buy and sell orders continuously. The Prime Standard is a segment of the Regulated Market with additional admission follow-up duties.

The application can be submitted together with the application for admission to the Regulated Market General Standard. The IPO Line gives you a clear impression of all the important steps when going public through to first price determination.

Admissible securities are shares and certificates representing shares. The securities must be eligible for clearing through Clearstream.