“With exchange trading of mutual funds we are further extending our offer for private investors, who will continue to benefit from the high quality standards that already exist for other segments”, said Rainer Riess, Managing Director of the Frankfurt Stock Exchange.
“The exchange trading of funds on the Frankfurt floor ensures transparency for investors. Buy and sell prices will be available for interested investors during the trading day from 9am to 8pm”, added Michael Wilhelm, Director of N.M. Fleischhacker AG. “The entry of Deutsche Börse into exchange trading of mutual funds established a valuable new sales channel for these products, offering an alternative for retail investors seeking to buy and sell funds”, added Oliver Szabries, Managing Director of DBM Deutsche Börsenmakler GmbH.
Deutsche Börse has established minimum quotation levels between €20,000 and €100,000 and maximum spreads between 0.5% and 2% for trading in mutual funds, further ensuring the highest possible price quality. The two nominated Funds Specialists will ensure continuous real-time quotation of funds, offering the greatest level of transparency, liquid trading with low transaction costs.
Deutsche Börse intends to extend to mutual funds established evaluation and monitoring of quality standards currently in place for equity trading, further demonstrating their commitment to exchange trading quality.
Investors can trade in funds using their established bank, with the ease of access currently available for equity trading, and trade using established order types, such as Market Order, Limit Order and Stop Orders.
Compared with competitors Börse Frankfurt will provide real-time trading data for fund trading. Buy and sell prices for funds traded in Frankfurt will be real-time, enhanced by the technical competence of Fund Specialists. Up-to-date trading fund prices and detailed product information is available at www.boerse-frankfurt.com
