Given the high turnover (market liquidity) on the Xetra trading venue, orders for securities are executed swiftly and at prices in line with the market. Moreover, this principle is supported by Designated Sponsors who post binding purchase and selling prices (quotes) on a continuous basis and thus ensure additional liquidity and fair prices.

As all the exchange trading is transacted electronically, there can be partial execution of orders on the Xetra trading venue. However, banks and online