Deutsche Börse Sets XIM Test for Latter Part of '09

Powered by the exchange's Xetra matching engine, XIM will offer functionalities that are already part of the platform, such as proximity services and Xetra MidPoint that enables members to trade 1,500 stocks and exchange-traded funds (ETFs) at the midpoint of the current bid-ask spread of the open Xetra order book, say Frank Herkenhoff, head of media relations at Deutsche Börse, who does not give details about the testing phase of XIM.

Features to be introduced in the versions 10.0 and 10.1 of

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DORA stalls over identifier dispute

A disagreement over how to classify third-party tech providers on a reporting form known as the “register of information” has held up preparations for the highly anticipated operational resiliency rule in Europe.

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