In the latest attempt by a European stock exchange to counter growing competition from alternative trading platforms, Deutsche Börse is to cut fees for frequent traders, Financial Times reports.
The move by the German exchange group, the world’s largest by market capitalization, is aimed at so-called algorithmic trading – the use of computer programs to trade, often in response to small changes in information.
This type of trading has been growing quickly and is a market pursued by entrants to the exchange business such as Chi-X, the longest-established of a number of “multilateral trading facilities” that are springing up in response
to European measures to bring more competition to financial markets.
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