XETRA
Exchange Electronic Trading
The primary electronic trading platform of the Frankfurt Stock Exchange in Germany.
XETRA is operated by Deutsche Börse and serves as Germany's main electronic trading system for equities and other securities. The platform handles the majority of German equity trading volume and hosts the DAX index constituents. XETRA uses an order book-based trading system with continuous trading and regular auctions for price determination. The system supports various order types and provides high-speed execution with low latency. XETRA operates from 9:00 AM to 5:30 PM CET with pre-trading and post-trading sessions. The platform is integrated with Clearstream settlement services and Eurex clearing for comprehensive trade lifecycle management. XETRA also provides trading services for international securities and ETFs.
Example
DAX companies: SAP (SAP), Siemens (SIE), BMW (BMW)