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The Exchange Council Strengthens Frankfurt Stock Exchange’s Competitive Position in Europe

Release date: Jul 02, 2009

The Exchange Council of the Frankfurt Stock Exchange (Frankfurter Wertpapierbörse - FWB®) resolved to take appropriate measures to further strengthen the stock exchange's competitive position in Europe. Hence, the Management Board – in addition to continuing to optimize floor trading – has been instructed to continue the consistent expansion and internationalization of electronic trading with the Xetra® system on the Frankfurt Stock Exchange. Now that trading in mutual funds and structured products has successfully been introduced to the specialist model on Xetra, a comprehensive pan-European offering on the Frankfurt Stock Exchange is also to be created for further securities classes on Xetra.

No decision has yet been made concerning the future of lead broker trading on the Frankfurt Stock Exchange. The Exchange Council did, however, call for a fundamental reform to safeguard long-term positioning. On this basis, the Exchange Council confirmed the allocation rules for the equity order books at its meeting today. Equity order books are to be allocated to the authorized lead brokers on the Frankfurt Stock Exchange in September 2009 for a further regular 30-month period (until 2012).

Regardless of which market model is to be used in the future (lead brokers in floor trading, Xetra specialists required to be present in the Trading Hall), the Exchange Council established that there is no doubt that trading in the Trading Hall will continue.

FWB® and Xetra® are registered trademarks of Deutsche Börse AG.

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