XETRA

The primary electronic trading platform operated by Deutsche Boerse for the Frankfurt Stock Exchange, handling more than 90% of all exchange trading in German equities. Launched in 1997, XETRA replaced the traditional floor-based trading system and became a model for electronic exchange design across Europe. It is the reference market for the DAX index and serves as the price-discovery venue for many of the continent's largest companies, including SAP, Siemens, and Volkswagen.