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Regarding "dump politicians" I completely agree. The rest of your
posting, well maybe you better do some homework first:
The local exchanges have specialised trading local smaller stocks, or
warrants (Stuutgart), foreign stocks through kind of ADRs (Berlin)
commodities (Hanover) or are inactive somehow (Hamburg, Bremen..) ....
But you can`t negate size and volume of Deutsche Boerse (Frankfurt
SE/Xetra). And comparing to switzerland????
If German money was traded mainly in US (and to a lesser extend in UK)
you started losing money just by currency exchange rates. How to cope
with some 45 % loss in less than 2 years?
So just have another look at that market.
frankphd_us
--- In amibroker@xxxxxxxxxxxxxxx, uenal.mutlu@xxxx wrote:
> The problem with Germany is that they have too many
> regional stock exchanges. This forces institutionals and
> active traders who need high volume to do their trades
> firstly abroad (mostly US and London), and secondly with
> foreign stocks instead of German.
>
> The whole local trading in Germany is distributed over
> at least the following 9 cities/systems:
> 1) Berlin Stock Exchange (BER)
> 2) Bremen Stock Exchange (BRE)
> 3) Dusseldorf Stock Exchange (DUS)
> 4) Frankfurt Stock Exchange (FRA)
> 5) Hamburg Stock Exchange (HAM)
> 6) Hanover Stock Exchange (HAN)
> 7) Munich Stock Exchange (MUN)
> 8) Stuttgart Stock Exchange (STU)
> 9) XETRA Stock Exchange (GER)
>
> The volume with each is very low (compared to London, Paris, or
Switzerland).
> The XETRA system is a commission ripping system: for each splitted
> order (and by default they mostly will split the order in smaller
ones) one
> has to pay commission!
>
> Because of the low volume at each of these locations, German
exchanges
> are already only 3rd choice for investors and active traders, not
only for
> foreigners but also for German traders and institutionals.
>
> The solution would be to close immediately all regional exchanges
> except Frankfurt and XETRA, and modernize the fee structure of
XETRA.
>
> As a system tester you should not test your system on data from
these
> exchanges, since they are "not representative", each having low
volume,
> and it would be very difficult to apply the system in real at any
German
> exchange.
>
> (An exception would be perhaps the 30 DAX titles, but a serious
> and active trader needs IMO at least 500 high volume stocks each
> day to pick from.)
>
> The bottom line is: German money is mostly traded at foreign
exchanges,
> not in Germany itself because of the reasons above.
> BTW, it would be not uncommon for this land after realizing these
facts
> that some dumb politicians will come up with paroles of wanting to
> forbid, or make it practically impossible (taxes), investing abroad
at all.
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