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Frankfurt extends stock trading hours as competition heats up -Breaking

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© Reuters. FILE PHOTO A view of the German Stock Exchange (Deutsche Boerse), Frankfurt, Germany. February 12, 2019, 12:01 PM. REUTERS/Kai Pfaffenbach

By Danilo Masoni

Deutsche Boerse (DE) will permit stock investors trade on Frankfurt’s exchange from Monday to Friday, a sign of increased competition between exchanges in order to attract clients.

In a statement posted on its website, the German bourse operator explained that by extending trading hours investors are able to react to U.S. events late into the night and also take advantage on-exchange trades.

Eurex Clearing added that the extension of this agreement would apply to shares, mutual funds, and exchange traded funds.

According to traders, the move may bring Deutsche Boerse higher volumes and raise costs. This could put pressure on competitors to consider similar moves.

Tradegate is a platform that allows retail investors to trade in Germany until 10 p.m. Professional traders can also use the Tradegate platform.

Exchanges are continuing to expand their revenues through allowing traders to trade in markets across time zones. Some exchanges, such as Moscow, have increased trading hours in order to draw Asian clients. However Tokyo is making tentative moves.

The shares in this exchange operator are down compared with the wider German market, which has seen shares rise by 2% in comparison to the 15% increase in the index.

Their shares have been a bit behind their pan-European counterpart Euronext but they’ve done much better than them. London Stock Exchange (L:). 

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