Frankfurt extends stock trading hours as competition heats up

frankfurt extends stock trading hours as competition heats up

Sumary of Frankfurt extends stock trading hours as competition heats up:

  • In Germany investors can already trade until that time or even later through platforms run by local brokerages Tradegate and Lang &
  • Even though retail equity ownership is much smaller in Europe than in the U.S., where households own more than one third of the market, the region witnessed a trading boom last year among retail investors who had more time to trade during lockdowns.
  • The extension would affect shares, exchange traded funds (ETFs) and mutual funds, and has been made possible by the new securities clearing platform introduced by German clearing house Eurex in September this year, the German bourse operator said.
  • “By extending trading hours, investors can react to events on the U.S. markets late in the evening, among other things, and take advantage of on-exchange trading,” it added.
  • The move is the latest development by exchanges to increase revenues by allowing punters to trade markets in different time zones.
  • While some exchanges like Moscow have already increased their trading hours to attract Asian clients, other exchanges like Tokyo are taking tentative steps in that direction.

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