As of Monday, 11 October, around 700 corporate bonds will again be tradable via the fully electronic trading system Xetra. Due to an interim injunction issued by the Frankfurt Regional Court on 5 January, the securities had to be suspended from Xetra trading. Following the court hearing on 5 October, the Higher Regional Court of Frankfurt lifted the interim injunction issued by the Frankfurt Regional Court.
Deutsche Börse introduced the specialist model trading around 700 bonds on Xetra on 1 December 2009. This trading model combines the advantages of fully electronic trading with the advantages of specialist support. Two trading participants who had not qualified for the function of Xetra specialist in the performance-related selection procedure, obtained an interim injunction against bond trading on Xetra from the Frankfurt Regional Court at the end of 2009. Deutsche Börse's position was not heard at that time.
The aim of the selection process, which was made on the basis of set criteria, was to offer investors high price quality, low costs and a high execution quality of their orders. With its fully electronic trading platform Xetra, Deutsche Börse aims to offer investors from across Europe best prices and comprehensive service while further developing its competitive position. Around 250 banks and brokerage firms from 19 countries are connected to Xetra.
Xetra® is a registered trademark of Deutsche Börse AG.