Deutsche Börse has signed up International Marketmakers Combination, Optiver, Van der Moolen Amsterdam, Archelon Deutschland and Timber Hill as market makers on its new extended Dutch equities trading service.
Deutsche Börse said in September that it will expand the number of Dutch securities available for trading on its Xetra platform from eight to 25, enabling investors to trade all of the equities in the AEX 25 index - a whole non-German index for the first time. The Börse will also reduce clearing fees by 60% to the same level as German stocks.
The extended service is due to go live on 17 November. The five new participants will quote binding bid and ask prices in the trading of AEX 25 blue chips on Xetra. As an incentive for signing up, the Börse is offering new market makers free connection to Xetra and will reimburse a large portion of trading fees.
There are currently 20 Dutch banks trading on Xetra, making them the third-largest group of non-German participants on the platform.
The London Stock Exchange (LSE) announced on Monday that it had signed an agreement with Clearnet to provide the central counterparty for a equity trading service in Dutch securities.
The LSE's service, due to go live in Q1 2004, will be based on its electronic order book Sets and will use the Dutch market's existing post trade market infrastructure, with Clearing21 providing the central counterparty services.