The Exchange Council of the Frankfurt Stock Exchange agreed on new rules and regulations today, marking another important milestone in preparation for the migration of floor trading to Xetra technology on 23 May.
The Exchange Council also resolved that trading hours on the Frankfurt Stock Exchange will begin at 8 a.m. for specialist trading. Specialist trading in Frankfurt will take place from 8 a.m. to 8 p.m. with a provisional start date for the new hours of 1 June. The core hours for continuous trading on Xetra will remain unchanged from 9 a.m. to 5.30 p.m.
“We offer international access to all securities traded on the Frankfurt Stock Exchange. The specialist model and the more powerful Xetra system will also make floor trading more efficient,” said Rainer Riess, Managing Director of the Frankfurt Stock Exchange. “With the move to Xetra and the earlier start of trading, Frankfurt Stock Exchange is strengthening its competitive position.”
