Frankfurt Stock Exchange To Maintain Established Start Of Trading - Start Of Trading To Remain Unchanged At 9:00 A.M. - However, Executive Council Of The Frankfurt Stock Exchange Makes Trading Hours More Flexible

The Exchange Council of the Frankfurt Stock Exchange resolved a new version of the Exchange Regulations, which includes relaxing the trading hours and would allow trading to start earlier. At the same time, the Exchange Council and the Management Board of the Frankfurt Stock Exchange support keeping the start of trading unchanged with the opening auction at 9:00 a.m. However, the new Exchange Regulations allow the Management Board of the Frankfurt Stock Exchange to adapt the start of trading should the competitive situation make this necessary in the future.

Trading participants and investors already benefit from an extensive product and service offering, a high level of service, maximum liquidity and transparency in pricing with standardized uniform trading hours on Europe’s main markets from 9:00 a.m. to 5:30 p.m. Bringing the start of trading forward would cause significant additional expense for market participants and investors. The trading hours of all major European marketplaces were standardized in 1999 for this reason.

With its new regulation, the Frankfurt Stock Exchange is addressing increasing competition from trading platforms in Europe. As the primary trading venue, the aim remains to set the first reference prices in an opening auction in the morning and to offer the best prices during the entire trading period.

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