Deutsche Börse launches Xetra Quote Request for large ETF orders

Deutsche Börse has just annouced that has launched the Xetra Quote Request which allows for an optimised on-exchange execution of large-sized ETF and ETP orders.

It enables users to send quote requests to all registered Designated Sponsors of a selected ETF or ETP and to enter orders for execution against both resting orders and updated quotes in the Xetra order book.

Xetra Quote Request 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.

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