18 October 2017
Find out more

Frankfurt Stock Exchange to terminate floor trading

24 November 2010  |  9319 views  |  0 Frankfurt stock exchange

The Frankfurt Stock Exchange is to terminate lead-broker based floor trading and to introduce the Xetra specialist model from Deutsche Bourse for shares and bonds from May 2011.

The Frankfurt Stock Exchange earlier this year agreed to move to screen-based trading in 2012, but has opted for a faster transition in the face of increasing competition in European markets. From May 2011, trading will take place exclusively via the Xetra system. with redundant floor brokers taking on the role of market-makers on the new platform.

Dr Lutz Raettig, chairman of the FWB Exchange Council, says: "The Exchange Council welcomes the consensual agreement of the lead brokers to end floor trading before the expiry of the planned transition period. With today's decision, we are responding to the changes in the competitive and regulatory environment of the stock exchange and ensuring that the FWB can strengthen its competitive position while at the same time optimally fulfilling its economic role."

He says the trading hall of the Frankfurt Stock Exchange will remain open after the switch, operating as a central hub for screen-based specialists under the new regime.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Frankfurt Stock Exchange to eliminate the floor and go all electronic

Frankfurt Stock Exchange to eliminate the floor and go all electronic

01 March 2010  |  8891 views  |  1 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Register nowvisit www.capgemini.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15401 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8605 views comments | 16 tweets | 22 linkedin
hands typing furiouslyHow artificial intelligence can deliver a...
8135 views 0 | 8 tweets | 9 linkedin
satelliteGates Foundation backs Ripple collaboratio...
7649 views comments | 13 tweets | 9 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
6812 views comments | 9 tweets | 17 linkedin

Featured job

Competitive base, commission, benefits
London, UK

Find your next job