Börse Berlin opens early

German exchange Börse Berlin will open its Xontro trading system at 08.00 from 23 December 2010.
By None

German exchange Börse Berlin will open its Xontro trading system at 08.00 from 23 December 2010.

The change in opening hours means that Xontro is open 30 minutes earlier than previously and one hour earlier than electronic trading platform Equiduct, which is part-owned by Börse Berlin.

From 23 December, trading in Berlin starts at the same time as in Moscow, while overlap with Bombay, Singapore and Hong Kong is also increased.

“An important concern of many investors was an earlier start, which especially would allow quicker reactions to developments on the Russian and Asian markets,” commented Dr Jorg Walter, joint CEO of Börse Berlin.

The Xontro trading system is used by a number of other regional exchanges in Germany, but the Frankfurt Stock Exchange plans to transfer all trading from Xontro to exchange group Deutsche Börse's electronic Xetra trading platform by 2012.

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