TIQS
The TIQS GmbH & Co. KG was a subsidiary of Boerse-Stuttgart Holding GmbH and developed, operated and sold the trading system TIQS, what system Trading Information and rate stood and part of the infrastructure EUWAX -Segments at the Stuttgart Stock Exchange was. Via this electronic platform, the EUWAX issuers of over 1,300,000 securitized derivatives continuously transmitted buying and selling prices for these securities, so-called quotes , to the Stuttgart stock exchange.
In addition, the system was used as an over-the-counter trading platform between market administrators and intermediaries. Here, private customers could trade directly over-the-counter with issuers via the live trading function of their bank.
Transactions between the parties directly connected via TIQS were concluded exclusively bilaterally using the quote request procedure or by setting limit orders. Accordingly, TIQS was not to be regarded as a multilateral trading system in the sense of the Financial Market Directive . The trading hours were from 8 a.m. to 10 p.m. CET every trading day.