The Flow War
Weekly venue share of German retail trades. EIX (Scalable/Börse Hannover) overtook LS-X (Trade Republic's venue) at New Year 2026 — six months before the ban.
Share of trades
Share of € volume
By euros the picture inverts: gettex clears ~89% of € volume on ~63% of trades (latest week) — the big tickets route there, while EIX and LS-X carry the smaller, mostly signed flow.
Who trades what — venue share by segment
Each venue's share within a segment, trailing 4 weeks. EIX leads the lit stock and ETF trade count; gettex takes the larger-ticket euros and dominates certificates / structured products (“Other”).
| Segment | EIX %€ | LSX %€ | GETTEX %€ | EIX %tr | LSX %tr | GETTEX %tr |
|---|---|---|---|---|---|---|
| Stocks | 33.8 | 4.9 | 61.2 | 47.5 | 4.2 | 48.3 |
| ETFs | 35.0 | 12.0 | 53.0 | 54.6 | 2.8 | 42.6 |
| Other | 1.8 | 0.5 | 97.6 | 47.6 | 2.6 | 49.7 |
Weekly share (% of trades)
| Week | EIX | LSX | GETTEX |
|---|---|---|---|
| 2025-11-03 | 38.4 | 61.6 | · |
| 2025-11-10 | 35.8 | 64.2 | · |
| 2025-11-17 | 37.3 | 62.7 | · |
| 2025-11-24 | 32.6 | 67.4 | · |
| 2025-12-01 | 34.1 | 65.9 | · |
| 2025-12-08 | 47.8 | 52.2 | · |
| 2025-12-15 | 48.9 | 51.1 | · |
| 2025-12-22 | 48.4 | 51.6 | · |
| 2025-12-29 | 50.4 | 49.6 | · |
| 2026-01-05 | 52.0 | 48.0 | · |
| 2026-01-12 | 51.4 | 48.6 | · |
| 2026-01-19 | 53.6 | 46.4 | · |
| 2026-01-26 | 57.1 | 42.9 | · |
| 2026-02-02 | 59.3 | 40.7 | · |
| 2026-02-09 | 52.8 | 47.2 | · |
| 2026-02-16 | 46.8 | 53.2 | · |
| 2026-02-23 | 51.0 | 49.0 | · |
| 2026-03-02 | 55.7 | 44.3 | · |
| 2026-03-09 | 51.5 | 48.5 | · |
| 2026-03-16 | 52.3 | 47.7 | · |
| 2026-03-23 | 52.7 | 47.3 | · |
| 2026-03-30 | 52.7 | 47.3 | · |
| 2026-04-06 | 51.8 | 48.2 | · |
| 2026-04-13 | 54.4 | 45.6 | · |
| 2026-04-20 | 54.3 | 45.7 | · |
| 2026-04-27 | 54.7 | 45.3 | · |
| 2026-05-04 | 59.1 | 40.9 | · |
| 2026-05-11 | 58.3 | 41.7 | · |
| 2026-05-18 | 55.7 | 44.3 | · |
| 2026-05-25 | 56.9 | 43.1 | · |
| 2026-06-01 | 63.7 | 36.3 | · |
| 2026-06-08 | 62.0 | 38.0 | · |
| 2026-06-15 | 65.5 | 34.5 | · |
| 2026-06-22 | 67.4 | 32.6 | · |
| 2026-06-29 | 72.9 | 27.1 | · |
| 2026-07-06 | 36.0 | 6.4 | 57.7 |
| 2026-07-13 | 36.1 | 5.6 | 58.2 |
| 2026-07-20 | 35.2 | 5.0 | 59.8 |
| 2026-07-27 | 37.4 | 3.8 | 58.8 |
| 2026-08-03 | 39.2 | 4.6 | 56.2 |
| 2026-08-10 | 39.9 | 4.1 | 56.0 |
| 2026-08-17 | 40.3 | 4.4 | 55.3 |
| 2026-08-24 | 44.5 | 4.2 | 51.4 |
| 2026-08-31 | 44.8 | 5.0 | 50.2 |
| 2026-09-07 | 44.9 | 5.4 | 49.7 |
| 2026-09-14 | 48.3 | 4.5 | 47.2 |
| 2026-09-21 | 50.3 | 3.8 | 45.9 |
| 2026-09-28 | 48.9 | 4.6 | 46.5 |
| 2026-10-05 | 50.1 | 4.2 | 45.7 |
| 2026-10-12 | 50.8 | 3.8 | 45.4 |
| 2026-10-19 | 49.9 | 4.0 | 46.1 |
| 2026-10-26 | 51.8 | 3.2 | 45.0 |
| 2026-11-02 | · | · | 100.0 |
gettex joins 2026-07-06 (own-tape); Trade Republic's MTF publishes nothing yet.