3

When I'm looking at EFS, Funds and Stocks in the German market I alway see (and always only in English, surrounded by German words) "Listed Only" on all these exchanges.

What do they mean? What is the implication? Why is it there? Am I prevented from trading with these exchanges?

Here are some I saw on websites:

example link 1 example link 2

enter image description here enter image description here

Here's one from inside Commerzbank's trading platform:

enter image description here

Improve this question

1 Answer 1

Reset to default
1
+100

BATS and NYSE ARCA are considered MTFs (multilateral trading facility) under MiFID II.

The "listed only" seems to refer to the type of order routing. I believe it means your order will only be re-routed to listed exchanges like NYSE and NASDAQ, as opposed to dark pools and other trading venues.

For a definitive answer, I'd suggest calling your broker's support, e.g. Commerzbank.

Improve this answer

You must log in to answer this question.

Not the answer you're looking for? Browse other questions tagged .