Easy and cost-effective order routing to the trading floors of German stock exchanges.
Order Routing – your link to the trading floors of German stock exchanges
The trading floors of German stock exchanges are attractive trading centers for Austrian financial institutions. OeKB's Order Routing service makes it easy to enter this market and provides cost-effective access to approx. 300,000 ISINs (International Securities Identification Numbers) on the German capital market.
OeKB's Order Routing provides a connection to the following trading floors of German stock exchanges:
- Berlin with Matchboxx, orders are carried out against the quote of the lead broker
- Düsseldorf with the Market-Maker-System Quotrix
- Frankfurt with approx. 250,000 tradeable securities
- Hamburg and Hanover, representing interesting trading centers for funds
- Munich with the trading system MAX-ONE
- Stuttgart offering the segments EUWAX, 4-X, Bond-X, IF-X, Gate-M BW
Customers of the Order Routing service send orders to OeKB via SWIFT or via online client (Web Order Management). After a plausibility check was carried out by OeKB, the orders are routed to the according German trading floors. The acknowledgement regarding the status of an order and the order execution are sent to OeKB.
By covering interbank transactions as well as PUEV-transactions, OeKB supports issuers on the German capital market in selling their products on alternative trading platforms like CATS.OS or vwd TradeLink.
Advantages of Order Routing
OeKB acts both as stock exchange member and as General Clearing Member (GCM) at German stock exchanges, which helps our customers saving effort and money. In addition, OeKB provides the following services to clients:
- Daily update of securities master data
- Electronic reconciliation reports, which can be obtained via online client (Web Order Management) or as export files
If you are interested in using OeKB's Web Order Management simulation system, please contact the Service Center CCL & Order Routing.
Alternative access to Order Routing
Customers can send orders to OeKB either via SWIFT directly or they can use the OeKB SWIFT Service Bureau. Furthermore, orders can be placed via online client (Web Order Management). Interbank transactions and PUEV-transactions can be brought in via the Web Order Management system.
Order Settlement within the agreed time
Trading hours at the regional German exchanges are from 8 a.m. to 9 p.m. However, the Order Routing service is available an hour earlier, which ensures that orders will be routed in time for the formation of opening prices. After trading hours, the interface remains open long enough to pass possible late-breaking news of corporate actions to our customers on the same day.