Frankfurt Stock Exchange Plans On Switching To All Electronic Trading In 2011
BERLIN, GERMANY, December 27, 2010 - The Frankfurt Stock Exchange currently offers floor trading as well as a fully electronic platform, Xetra, for the trading of Frankfurt Stock Exchange listed stocks.
However, the Frankfurt Stock Exchange plans to do away with its Xontro floor-based trading system to be replaced by Xetra, a highly advanced computer-based platform. The Frankfurt is planning on making the change and shall begin conducting all transactions electronically through Xetra by May 23, 2011.
The move is expected to increase efficiency at the Frankfurt Stock Exchange and make the market more efficient, with reduced financial risk.
Thus, from May 2011, all Frankfurt Stock Exchange trading will take place via the Xetra system. The implementation of the state-of-the-art xetra platform marks another huge milestone in the growth of electronic trading, as well as the maturation of the Frankfurt Stock Exchange.
For information about listing on the Frankfurt Stock Exchange, please visit our website at: www.frankfurtstockexchange.de
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