TES Type LIS
TES Type LIS
Trading in this type takes place 'on exchange', but 'off book'. Trading participants have the possibility to execute 'off-book' transactions with bilaterally agreed price and quantity on Xetra. The transactions must have a certain minimum size (large-in-scale). When the transaction is entered, the order information is only visible to the parties involved.
In addition to clearing and settlement, the exchange also ensures the necessary post-trade transparency.