Xetra is a German electronic trading platform that allows trading of securities, such as stocks and bonds, in a fully automated environment. The name stands for Exchange Electronic Trading, and it is operated by Deutsche Börse AG.

Xetra provides a transparent, efficient, and secure trading environment for market participants. The platform allows for trading of stocks, bonds, exchange-traded funds (ETFs), exchange-traded commodities (ETCs), exchange-traded notes (ETNs), and other financial instruments.

The platform offers continuous trading throughout the trading day and has a high degree of market liquidity, which allows for quick and efficient execution of trades. Market participants can access Xetra through their brokers or directly if they are members of the exchange.

Xetra's trading system is based on a fully electronic order book that displays all buy and sell orders in real-time, enabling market participants to see the depth of the market and the current bid and ask prices for a security. Xetra also offers a range of trading services, such as limit and stop orders, as well as a range of market data products.

Overall, Xetra is an important platform for trading European equities, providing a fast and efficient trading experience for both retail and institutional investors.