Deutsche Boerse (DB1Gn.DE) will allow stock investors to trade on the Frankfurt exchange until the close of U.S equity markets starting from Monday, a move that highlights heightened competition to win over clients.
The two-hour extension to 10 p.m. local time (2100 GMT) could bring higher volumes for Deutsche Boerse but also raise costs, while putting pressure on foreign rivals to possibly consider a similar move, traders said.
In Germany investors can already trade until that time or even later through platforms run by local brokerages Tradegate (T2GG.F) and Lang & Schwarz (LUSGn.DE),which are used by retail and professional investors.
"Deutsche Boerse offers a lot of foreign shares on their trading platform and this move could be aimed at attracting more retail trading interest," said Anish Puaar, European market structure analyst at Rosenblatt Securities.
