The segment standard market contains all stocks admitted to listing on the Official Market that fail to meet the criteria for the prime market as well as and other equities (e.g. participation certificates, profit-sharing rights, UCITS shares etc.) admitted to listing on the Official Market.
The standard market is divided into the standard market continuous and the standard market auction.
standard market continuous
The segment standard market continuous contains stocks admitted to listing on the Official Market.
At least one trading participant is required who assumes the function of a market maker and agrees to enter firm quotes on a permanent basis. In the interest of raising liquidity, it is desirable to have further commitments of market makers.
The trading procedure "Continuous Trading" in conjunction with several auctions (opening auction, intra-day auction, closing auction) is used.
standard market auction
The segment standard market auction contains less actively traded stocks and participation certificates, that are admitted to listing on the Official Market.
The trading procedure used is "Auction" (single intraday auction). With the trading participants having the possibility of assuming the obligation of entering binding buy and sell prices (quotes) during the trading phase and to concluded trades in such orders for the purpose market making.