DEUTSCHE TERMINBORSE EXTENDS TRADING HOURS - The move will benefit North American investors.FRANKFURT--(BUSINESS WIRE)--February 21, 1995--To better accommodate North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. traders, Deutsche Terminborse (DTB See Deutsche Terminbörse. ) will extend the trading hours for its stock and stock index-linked products by 90 minutes beginning Monday, May 22. Trading hours for these products will move to 9:00 a.m. to 5:00 p.m. (Frankfurt time) from the current 9:30 a.m. to 4:00 p.m. In the U.S., these longer hours will allow investors to trade the German equity market until 11:00 a.m. ET. This decision by DTB's parent organization, Deutsche Borse AG, is intended to bring the trading hours for stock and stock index-linked derivative products more in line with the hours on the underlying markets. Currently, the 30 DAX-listed stocks are traded between 8:30 a.m. - 5:00 p.m. (Frankfurt time) on the IBIS screen-based trading and information system. Separately, longer hours will help DTB's efforts to actively market DAX futures in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . It was a January decision by the Commodities Futures Trading Commission (CFTC CFTC See: Commodity Futures Trading Commission CFTC See Commodity Futures Trading Commission (CFTC). ) that cleared the way for DAX futures to be marketed in this country. The Deutsche Borse AG is among the world's more diverse, liquid and cost-efficient financial markets offering the trading of securities through its Frankfurt Stock Exchange Frankfurt Stock Exchange The largest of Germany's eight securities exchanges, operated by Deutsche Borse AS. division and trading in futures and options through its Deutsche Terminborse (DTB) division. Deutsche Terminborse is also a leading provider of electronic trading and clearing systems to stock futures and options exchanges worldwide. CONTACT: Deutsche Borse AG, Frankfurt Stefan Lutz, (69) 29977-528 or Trimedia, Inc., New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Martin Mosbacher, 212/888-6115 |
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