Xetra can be defined as a completely electronic trading framework, situated in Frankfurt, Germany.
Started in year 1997 and managed by the Deutsche Börse, the Xetra stage provieds expanded flexibility for seeing order depth inside the markets and provides trading in securities, funds, bonds and commodities contracts.
The Xetra framework was initially made for use on the Frankfurt Stock Exchange, however it has extended to be utilized by different stock exchanges all through Europe. As mentioned above, Xetra is managed by the Deutsche Börse Group.
An enhanced trade association, Deutsche Börse Group has an array of items and services that cover the financial industry’s value chain, and include listing, exchanging, clearing and settlement, alongside custody services, liquidity management etc..
Headquartered in Frankfurt/Rhine-Main, Deutsche Börse Group has in excess of 5,000 workers. It has branches situated in in Tokyo, London, Prague, Zurich, Hong Kong, New York, Chicago, Moscow, Singapore, Beijing, and Luxembourg.
Xetra was one of the main worldwide electronic exchange frameworks and has developed to represent over 90% of every single stock exchange on the Frankfurt Exchange or FRA. The FRA is probably the most seasoned exchange on the planet and incorporates indexes that include, the DAX, the VDAX and the Eurostoxx 50.
The Frankfurt Exchange trading hours are from 9:30am to 5:30pm. It is closed on weekends.