The Exchange Council of the Frankfurt Stock Exchange, part of the Deutsche Börse Group, has confirmed that floor trading of equities and bonds will be migrated onto Xetra technology as of 23 May 2011.
The Exchange Council also resolved that specialist trading on the Frankfurt Stock Exchange will begin an hour earlier, at 08.00 from 1 June, closing as normal at 20.00. The specialists will continue to operate in the trading hall of the Frankfurt Stock Exchange, but rather than using the existing Xontro trading platform, the market makers will donate liquidity and check or adjust prices for orders made via Xetra, primarily for illiquid stocks. The core hours for continuous trading on Xetra, Deutsche Börse's electronic securities trading platform, will remain unchanged from 09.00 to 17.30.
“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.”