Deutsche Börse has connected the first participant from Hong Kong to its Xetra trading system – Celestial Securities, a subsidiary of the Hong Kong-listed financial conglomerate CASH Financial Services Group.
The Xetra network includes more than 240 trading participants with around 4,500 traders in 18 countries.
This is the first time that a trading participant from East Asia has been directly connected to Xetra.
Celestial Securities now receives direct access to secure and supervised exchange trading in Germany.
Due to the time difference between Hong Kong and Frankfurt, participants take part in Xetra trading from 2.00 pm to 2.00 am (local time in Hong Kong is CEST+6). 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 reference market for all important German shares,” says Dr Martin Reck, managing director cash market at Deutsche Börse.
“In connecting to the Xetra trading system, CASH Financial Services Group offers its clients the most unique round-the-clock trading experience, enabling clients to grasp the world investment opportunities beyond time limit. Extended trading hours mean that investors can now respond even better to trading signals from around the globe, hedging risks ahead of the local peers,” says Benson Chan, chief executive of CASH Financial Services Group.
