Frankfurt Stock Exchange to eliminate the floor and go all electronic – FSE Listings
The Frankfurt Stock Exchange is set to end floor trading by 2012 and go exclusively electronic with the Deutsche Börse Xetra platform.
The lead brokers, who have backed the move, will be replaced by specialists charged with ensuring sufficient liquidity in electronic trading, a model already used for trading structured products on Scoach as well as in fund trading on Xetra.
With growing competition post-MiFID from new market entrants such as Chi-X and Bats and new regulations, the Exchange Council says issuer and trading participant requirements for “a modern trading venue” have cast a cloud over floor-based trading.
Lutz Raettig, chairman of the FWB Exchange Council, says: “In adopting this resolution, we ensure that the Frankfurt Stock Exchange can optimally fulfil its economic function as a stock exchange under considerably changed market conditions as well.”
FSE Listings Inc guarantees the success of your listing! www.fselistings.com
Contact us with your information!
Robert Russell, Russell@fselistings.com FSE Listings Professional
Mark Bragg, Info@fselistings.com FSE Listings Professional
Mr. R.T. Gibson, Info@fselistings.com FSE Listings Specialist
New York: +1-914-613-3889
UK: +44(0)2081235719
Hong Kong: 81753591
South Africa: +27110836116
Please include:
- Company Name:
- Contact Name:
- Contact Number:
- Contact Email:
- Amount of Capital invested to date:
- Amount of Capital required:
- Reasons for wanting to list:
- Description of Business:
- Website if available:
Contact FSE Listings Agents Robert Russell or Mark Bragg today!
