400th Participant Admitted to Xetra
Date 09/11/1999
Deutsche Börse AG has now admitted the 400th Xetra participant. The new participant, Raiffeisenlandesbank Niederösterreich, is based in Vienna and will be trading in Xetra via remote membership. Of the 120 members who have been newly admitted in 1999 to date, 96 are based outside Germany. Another 45 participants are in the process of being admitted and will start trading in Xetra shortly.
Since Xetra was launched at the end of 1997, the original 229 participants have been joined by another 171 to date, 121 of them from outside Germany. This growth in membership is reflected in the Xetra trading volume. The Xetra share of the order-book volume in equities on the German stock exchanges is steadily expanding. It has risen from 58 percent at year-end 1997 to 71.8 percent in October. In the DAX blue chips, Xetra is now the benchmark trading system in Germany, with over 86.1 percent of the turnover.