EUREX
Bourses are these days organised as companies trying to increase their market share and they offer more and more products to attract clients. The EUREX has announced that from 21 november trading hours of their most heavily traded products will be changed more in accordance with the opening hours of the US.
This means that for deratives of the DAX, The DJ EUROSTOXX50, the BUND and the BOBL trading sessions will end at 22:00. These are long days for a trader like me. I don't know. I remember that two years ago the CASH DAX (the DAX30 index) changed closing hour from 20:00 to 17:30. This was done because the lower volume in the evening hours. Volume on the future (FDAX) as a result went also is lower so that you can see in these evening hours a spread of one point in stead of the "normal" half point during the day.
They want to attract US clients. Will an individual trader from the US consider changing from the US markets to the EUREX products? I don't think so. Why would he? The bigger institutions already have their subsidiaries in Frankfurt don't they so for them changing trading time is not needed.
In general European markets are US followers. Changing trading time to the same as the US trading hours will result in even more following markets
No on the contrary, I expect volume to be very thin in the evening hours. But for me I still have to watch and monitor these bourses.
daytrading
FDAX
.
This means that for deratives of the DAX, The DJ EUROSTOXX50, the BUND and the BOBL trading sessions will end at 22:00. These are long days for a trader like me. I don't know. I remember that two years ago the CASH DAX (the DAX30 index) changed closing hour from 20:00 to 17:30. This was done because the lower volume in the evening hours. Volume on the future (FDAX) as a result went also is lower so that you can see in these evening hours a spread of one point in stead of the "normal" half point during the day.
They want to attract US clients. Will an individual trader from the US consider changing from the US markets to the EUREX products? I don't think so. Why would he? The bigger institutions already have their subsidiaries in Frankfurt don't they so for them changing trading time is not needed.
In general European markets are US followers. Changing trading time to the same as the US trading hours will result in even more following markets
No on the contrary, I expect volume to be very thin in the evening hours. But for me I still have to watch and monitor these bourses.
daytrading
FDAX
.
posted by Carlo Giuntoni at 2:31 PM
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