Continuous Auction with Specialist
Market Leader in Germany Continuous Auction with Specialist (FAMS) model
Deutsche Börse AG introduced the new market model on October 12th 2009 and in a short span of time, Close Brothers Seydler Bank AG established its market leadership - based on number of mandates - replicating its market position in Designated Sponsoring.
What makes Close Brothers Seydler Bank AG stand out?
Our company philosophy is characterised in the capital markets business across all products, especially in this new market model, by the highest level of professional service. The long-term trading experience of our employees on the floor of the Frankfurt Stock Exchange verifies this promise and we have committed ourselves to adhering to the guidelines set out by Deutsche Börse AG. We continuously achieve the highest ratings by meeting these requirements. Our clients enjoy the benefit of our service - expanded individually to each Company's needs - and for this reason we differentiate ourselves from the competition.
What does the new market model stand for and what makes this kind of trading compelling for Issuers?
Continuous Auction with Specialist was introduced as a new trading model for the primary market segments in Xetra®. This model is of interest particularly for Small- and Mid capitalisation companies which want to improve the liquidity of their shares by making their shares tradable at any time during the Xetra® trading period. With an improved trading activity, as opposed to the market model "One Auction Only", the increased visibility of the shares in the Xetra® Network and higher awareness among international investors are benefits from trading in this market model.
Which requirements must be fulfilled by the Issuer?
- Transparency level: First Quotation Board
- Written confirmation by the Issuer after a Specialist recommendation is made
Fact Sheet Deutsche Börse AG - Improved Liquidity for Small and Medium-Sized Companies: Continuous Auction with Specialist