The Frankfurt Stock Exchange will be opening an hour earlier from 1 June. Investors will then be able to buy and sell shares, funds and ETFs through Xetra specialists from as early as 8 a.m. Trading via specialists will end at 8 p.m. as usual.
By expanding its service for investors, the Frankfurt Stock Exchange (Frankfurter Wertpapierbörse – FWB) is taking an important step towards improving price quality in German early trading. This is because the opening of the most important market for German equities will considerably improve the liquidity in trading before 9 a.m., which in turn may have a positive effect on price ranges. Traditional Xetra trading will continue to operate between 9 a.m. and 5.30 p.m.
Bonds are excluded from the earlier start of trading, as these are predominantly bought and sold in off-exchange interbank trading, and these reference markets are not available before 9 a.m.
The most important barometer for the German equities market in evening trading, the L-DAX (ISIN DE0001717049), which was previously calculated from 5.30 p.m. to 8 p.m., will additionally be calculated from 8 a.m. to 9 a.m. as of June, and re-named L/E-DAX. The "L" stands for "late", the "E" stands for "early". There is no change to the ISIN.
Xetra and DAX are registered trademarks of Deutsche Börse AG.