Additional hints on the indicative market value
When registering your order, supplementary price information and the indicative market value relevant to the security code (WKN) you have entered are immediately displayed. When placing an order, the indicative market value shows you technical information on whether the bank will forward your order to the exchange, or whether the bank will reject it due to insufficient financial resources.
The indicative market value is calculated only by multiplying the quantity you have specified with the current stock exchange price displayed in the order screen. Fees and charges of any kind (in particular transaction charges or external charges etc.) are not taken into account when determining the indicative market value. However, this does not mean that the bank will not include the owed fees and charges in the invoice later.
Please note that the calculation of the indicative market value is not based on the real-time price on the exchange you have selected, but on the current price shown in the order screen, which deviates from the real-time price. In general, delayed prices (at least 15 minutes) from the exchange you have selected are used to calculate the indicative market value.
At the same time, all the price information published by the selected exchange is used in calculating the indicative market value. The price used can therefore be the effectively established price or just the bid price, the offering price, the estimated price or any other published price.
The indicative market value is therefore not a statement, estimation, guidance or recommendation with regard to the orders, the type of order or regarding the real-time situation on the stock exchange at the time when your order is entered, nor for the future. It is merely a technological aid to make it easier for you to make an independent investment decision. This way, when placing an order, the indicative market value informs you whether the bank will forward your order to the exchange, or whether the bank will probably reject it due to insufficient financial resources. The prerequisite for the forwarding of each individual order is generally that your personal “free capital” covers the indicative market value.
When buying securities, the indicative market value is generally displayed in black, provided that your “free capital” is sufficient for the order to be forwarded. Otherwise, the indicative market value is displayed in red. This indicates that your capital is probably not sufficient for this transaction, and that the order is likely to be rejected by the bank for want of cover.
Figure 1: Example display of the indicative market value when buying / selling securities
The display of the information depends on the mode set for registering orders (see Service / Options > Configure order process).
If you are using convenience order workflow, the supplementary information will be displayed after the stock exchange has been confirmed. In the expert order input, this will be displayed after the WKN / ISIN and Nominal / Quantity has been entered.
As soon as you modify one of the following order details, the display will be automatically updated:
- WKN / ISIN
- Nominal / Quantity
- Stock exchange
- Order type (Limit, Stop – Buy, Stop – Loss)
Data field
Description
Last price
Last price of the WKN / ISIN on the selected stock exchange (delayed at least 15 minutes)
Indicative market value of the orders
Calculated market value of the orders “Nominal / Quantity” multiplied by the current price (delayed by at least 15 minutes)
Bid
Designation for the price at which the market participant wants to buy a security.
Quantity
Volume of buy and sell orders entered into the order book
Offering
Designation for the price at which the market participant wants to sell a security.
Last closing price
Last price officially determined on the stock exchange on a trading day
Opening price
First price that is determined for a security on the start of a trading day.
Intraday peak
Highest value of securities, foreign exchange and commodities within one trading day.
Intraday low
Lowest value of securities, foreign exchange and commodities within one trading day.
Table1: Explanation of the data in the display of the indicative market value
Example:
On purchasing 10 Deutsche Bank shares (WKN: 514000) on the Xetra stock exchange, the calculation is as follows:
For the indicative market value, the displayed current price on the Xetra stock exchange is multiplied by the quantity “Nominal / Quantity”.
“Nominal / Quantity” x current price = indicative market value
10 x 90.6 = 906.00 euro
Figure 2: Display of the market value. An example: WKN 514000