Investing June 1, 2001

Real-Time Pricing for Dow available before US Markets Open

June 1, 2001 (PLANSPONSOR.com) - Real-time prices for the Dow Jones Industrial Average will be calculated 6.5 hours before the US market opens, once the index begins trading on the Deutsche Boerse in Frankfurt in September.
Reported by

According to the Wall Street Journal, Dow Jones Indexes will begin calculating real time prices for the industrial average at 9 am German time, using prices available from Germany’s electronic trading system and will switch to US prices once the New York Stock Exchange opens at 9.30 am in the US, 6.5 hours later.

In a bid to establish itself beyond its domestic market, Deutsche Boerse, the third largest exchange in Europe by market capitalization, will also trade additional US benchmarks including:

  • the Standard and Poor’s 100-stock index,
  • the Nasdaq 100 index and
  • the Dow Jones Global Titans.

Morgan Stanley, Goldman Sachs and three German brokers will act as market makers for the US shares.


 

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