In an increasingly fragmented market for European equities, it is difficult for investors and traders to judge the market quality of different trading venues on a continual basis. Xetra stands for first-class market quality, as shown by excellent results in comparison with other European trading venues.
Rank | Venue | Market share |
1 | Xetra | 58.99% |
2 | Cboe | 28.54% |
3 | Aquis Europe | 7.59% |
4 | Turquoise Europe | 4.89% |
at 10k
Rank | Venue | Spread (bps) |
1 | Xetra | 5.41 |
2 | Cboe DXE | 6.54 |
3 | Aquis Europe | 8.28 |
4 | Turquoise Europe | 19.66 |
10k EUR deal
Rank | Venue | Best price |
1 | Xetra | 21.25% |
2 | Cboe DXE | 5.34% |
3 | Turquoise Europe | 1.82% |
4 | Aquis Europe | 1.63% |
Status: October 2025
Legend:
For pan-European trading venue operators, market shares take into account turnover on EU and UK trading venues. For spreads and best prices, EU trading venues are shown.
Market share | Market share is based on the order book volume. An average of all equities in the index is calculated. |
Spreads | For the spreads, the bid/ask spread of visible orders in the order book is measured. An average of all equities in the index is calculated from the result. |
Spreads „10 k EURO deal“ | The bid/ask spread for an order volume of €10,000. |
Best prices | Best prices show how often a trading platform posts an absolute best share price (no ties). An average of all equities in the index is calculated from the result. |
Source: big XYT, own calculations
Market Status XETR ⓘ
XETR
The market status window is an indication regarding the current technical availability of the trading system. It indicates whether news board messages regarding current technical issues of the trading system have been published or will be published shortly.
Please find further information about incident handling in the Emergency Playbook published on the webpage under Data & Tech > Information Channels > Emergency procedures. Detailed information about incident communication, market re-opening procedures and best practices for order and trade reconciliation can be found in the chapters 4.2, 4.3 and 4.5, respectively. Concrete information for the respective incident will be published during the incident via newsboard message
We strongly recommend not to take any decisions based on the indications in the market status window but to always check the production news board for comprehensive information on an incident.
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