Certificate trading on Scoach via the technology of the fully electronic and pan-European trading system Xetra has been underway for 100 days now.
Transferring the structured products to the Xetra platform reduced the order execution time to a fraction of previous execution times. Performance measurements show that orders which were previously executed in approximately six seconds can now be executed in just one second. With regard to this, trading of the very volatile leveraged instruments, in particular, benefits from the new infrastructure.
As Scoach products are now tradable across Europe via Xetra, around 260 market participants - 100 of which are from European countries other than Germany - have direct access to more than 340,000 financial instruments on Scoach.
Expanding certificate trading to 19 Xetra participant countries considerably internationalized trading on Scoach already in the first two months following migration. In July, more than 15 percent of all Scoach orders come from abroad.
Scoach's market share in exchange trading of structured products is also increasing. In the second quarter it rose by 4.2 percent to 33.8 percent
(Q1:29.6 percent). In July, Scoach was able to increase this market share and has reached a 34.7 percent share of order book turnover. "The move onto the Xetra platform has had very positive interim results for Scoach. We continue to safeguard our position as Europe's leading stock exchange for certificates and warrants", says Marc Zahn, CEO of Scoach.
Note to editorial staff When placing their orders with Scoach, investors continue to select "Frankfurt" as their trading venue. Scoach uses the Xetra technology for certificates trading on trading days from 9 a.m. to 8 p.m.
About Scoach Scoach is a joint venture between Swiss Financial Market Services AG (formerly SWX Group) and Deutsche Börse AG, which began trading in structured products in January 2007 and has established itself as Europe's leading exchange for certificates and warrants. www.scoach.com
Xetra® is a registered trademark of Deutsche Börse AG.
Transferring the structured products to the Xetra platform reduced the order execution time to a fraction of previous execution times. Performance measurements show that orders which were previously executed in approximately six seconds can now be executed in just one second. With regard to this, trading of the very volatile leveraged instruments, in particular, benefits from the new infrastructure.
As Scoach products are now tradable across Europe via Xetra, around 260 market participants - 100 of which are from European countries other than Germany - have direct access to more than 340,000 financial instruments on Scoach.
Expanding certificate trading to 19 Xetra participant countries considerably internationalized trading on Scoach already in the first two months following migration. In July, more than 15 percent of all Scoach orders come from abroad.
Scoach's market share in exchange trading of structured products is also increasing. In the second quarter it rose by 4.2 percent to 33.8 percent
(Q1:29.6 percent). In July, Scoach was able to increase this market share and has reached a 34.7 percent share of order book turnover. "The move onto the Xetra platform has had very positive interim results for Scoach. We continue to safeguard our position as Europe's leading stock exchange for certificates and warrants", says Marc Zahn, CEO of Scoach.
Note to editorial staff When placing their orders with Scoach, investors continue to select "Frankfurt" as their trading venue. Scoach uses the Xetra technology for certificates trading on trading days from 9 a.m. to 8 p.m.
About Scoach Scoach is a joint venture between Swiss Financial Market Services AG (formerly SWX Group) and Deutsche Börse AG, which began trading in structured products in January 2007 and has established itself as Europe's leading exchange for certificates and warrants. www.scoach.com
Xetra® is a registered trademark of Deutsche Börse AG.
