From now on Frankfurt Stock Exchange can deliver flexible and cost-effective fund trading on Xetra, Deutsche Boerses fully electronic pan-European trading system.
New service opens participants and investors a complete range of advantages: elimination of the 0.08-% broker commission, higher liquidity and narrower spreads. Xetra enables fund trading across Europe; some 260 banks and brokerage firms approximately 100 of which are from European countries other than Germany now have direct access to more than 3,300 actively managed mutualfunds on the Frankfurt Stock Exchange with fast order execution.
The Frankfurt Stock Exchange plays significant role on German market with a market share of around 52 % of order book volume providing fund trading on the floor since May 2006. Another feature of exchange fund trading is the absence of front-end load as with investment companies. But the main zest of the service is the ability to accomplish matter in a few seconds during trading hours.
Xetra allows investors to engage in investment fund trading across Europe and benefit from the quickest order execution at the best prices, says Rainer Riess, managing director, Cash Market Development, Deutsche Brse.
The Frankfurt Stock Exchange is Germanys only fund exchange that now offers the efficiency and time-tested price and service quality of Xetra in fund trading too. We will continue to expand our market leadership in fund trading on the Frankfurt Stock Exchange and will also gain new trading participants on the European markets.
L.D.