The end of an era at the Frankfurt Stock Exchange.
There will be no more traditional floor trading, from now on all transactions are being conducted electronically using a computer programme known as Xetra intended to increase efficiency and reduce financial risks.
Frank Gerstenschläger, a member of the executive board of Deutsche Boerse Group and chairman of the management board of the Frankfurt Stock Exchange, said: “We are sure that this further development on traditional floor trading will create something new, that it is a considerable improvement on what we have now, and that we are really on the right track to the trading environment of the 21st century.”
Frankfurt is the latest bourse to use a fully electronic platform for buying and selling shares and bonds.
It ends over 400 years of traditional floor trading.