Sep 29, 2016
Upholding market quality: the responsibilities of being the reference market
Michael Krogmann, Head of Cash Market Sales & Partner Markets, Deutsche Börse AG, defines the reference market in general and how, in the wake of MiFID II and the ongoing market fragmentation, reference markets have gained even more importance as protectors of market quality.
For Xetra, being the undisputed reference market for all German blue-chips, one of the most important tasks is offering market participants intending to trade large volumes of securities a convincing alternative to dark trading.
He also explains how the blend of quantitative and qualitative factors ensure that Xetra will continue to fulfill its responsibilities as a reference market, and cater to the overall pan-European market quality.