Xetra HHI Insights

**Overview**

The Herfindahl-Hirschman Index (HHI) is a key market concentration measure, aiding in assessing liquidity quality and concentration risks. It ranges from 0 to 1, considering both participant numbers and volume. HHI Insights provides detailed concentration indicators like buy vs. sell and aggressive vs. passive breakdowns.

- The Herfi ndahl-Hirschman Index (HHI) is commonly accepted measure of market concentration
- It helps market participants to assess the quality of available liquidity and to identify concentration risk
- The measures are expressed through an index value ranging from 0 to 1
- HHI Insights does not only capture the number of participants, but additionally takes the respective volume into account
- Along with an overall market concentration measure, HHI Insights also provides concentration indicators for several breakdowns, e.g. buy vs. sell and aggressive vs. passive

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**Designed for market participants such as:**

- Buy-side and sell-side traders, researchers and analysts
- Market makers
- Brokerage firms
- Systematic trading firms

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**Benefits**

- Using Xetra® and Eurex® proprietary data, HHI Insights provides unique insights into market concentration and the relative demand imbalance
- It gives customers additional guidance when deciding whether to add a new market to their trading universe, when setting maximum position limits, and when adjusting how aggressively they would like to enter and exit positions

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**Data details**

- HHI Insights is calculated by squaring the market share of each fi rm competing in the market and summarizing the resulting numbers
- The figures are calculated daily and delivered T+1
- HHI Insights is available for both Eurex and Xetra instruments
- 24 individual daily HHI figures for Eurex® and 18 individual daily HHI figures for Xetra®
- Xetra® HHI Insights is calculated on an ISIN level basis
- Eurex® HHI Insights is calculated on an expiry basis plus further breakdowns for options
- History is available for Xetra® back to 1 July 2017 and for Eurex® back to 1 January 2017

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**Disclaimer**: The download and usage of the free sample data provided by Deutsche Börse AG via the Snowflake Marketplace is subject to the Terms of Use (which can be viewed on the right side). By downloading the data, you accept to adhere to the Terms of Use.

搜集汇总

背景与挑战

背景概述

Xetra HHI Insights数据集提供基于赫芬达尔-赫希曼指数（HHI）的市场集中度分析，涵盖买卖和主动被动交易等细分指标，适用于交易员、分析师等市场参与者。该数据集每日更新，包含Xetra和Eurex工具的历史数据，帮助用户评估流动性质量和集中风险。