Deutsche Börse First Hong Kong Xetra Participant Connected
This is the first time that a trading participant from East Asia has been directly connected to Xetra. Celestial Securities Limited now receives direct access to secure and supervised exchange trading in Germany. Due to the time difference between Hong Kong and Frank- furt, participants take part in Xetra trading from 2.00 p.m. to 2.00 a.m. (local time in Hong Kong is CEST+6). So they will be able to react to events in Europe or on the US markets after the exchanges have closed in Asia. In Frankfurt, they can now access a broad range of more than one million domestic and foreign equities, ETFs and structured products. Securities in Frankfurt are traded in up to 19 different currencies.
“Xetra trading features the highest level of transparency, fair pricing and strict trading supervision. The first participant from Hong Kong now has direct access to the refer- ence market for all important German shares,” commented Dr Martin Reck, Managing Director Cash Market at Deutsche Börse.
“In connecting to the Xetra trading system, CASH Financial Services Group offers its cli- ents the most unique round-the-clock trading experience, enabling clients to grasp the world investment opportunities beyond time limit. Extended trading hours mean that in- vestors can now respond even better to trading signals from around the globe, hedging risks ahead of the local peers,” said Benson Chan, CEO of CASH Financial Services Group.