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Deutsche Börse improves efficiency of European ETF trading

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Deutsche Börse has launched a new service which allows for an optimised on-exchange execution of large-sized ETF orders, the Xetra Quote Request. 

It enables users to take full advantage of Deutsche Börse’s complete service chain – from trading, clearing and settlement to trade reporting and market data dissemination. The process is designed to achieve a high degree of automation, while at the same time reducing settlement and counterparty risks, and ensuring compliance with best execution requirements for large orders.

Xetra Quote Request is supported by leading European ETF market makers, including among others, Goldenberg Hehmeyer, Susquehanna International Securities and UniCredit Bank. Around 500 ETFs will be covered initially by the new service, with additional products being added over the coming months. 

“As Europe’s leading ETF exchange, Deutsche Börse is committed to improving the efficiency of on-exchange trading in ETFs,” says Martin Reck, Managing Director Cash Market at Deutsche Börse. “Xetra Quote Request provides investors with an effective alternative to executing large-sized ETF orders. It is an initiative which is seeing great support both from ETF issuers and market makers.”

“In 2015, we saw almost EUR100 billion worth of iShares ETFs being traded on the Deutsche Boerse. Xetra Quote Request is another example of industry innovation that will bring greater transparency and liquidity to ETF markets,” says Jane Sloan, Head of iShares Capital Markets EMEA at BlackRock.

“As a leading ETF market maker we are pleased to have Xetra Quote Request as an innovative tool to help us achieve our mission to provide liquidity to the growing number of investors in ETFs,” said John Keogh, Managing Director of Susquehanna International Securities.

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