DEUTSCHE BOERSE AG (OTCMKTS:DBOEY) closed at the end of the last trading session with a minor gain of 0.38% but the closing price of $9.1750 was almost the same with the day open $9.1645, creating a Doji candle pattern. That pattern generally implies a state of indecision among the investors but at the top of an uptrend, especially in an overbought condition, it can be the initial signal of an impending correction too. The clarity will come from the price action in the next couple of sessions. The long term uptrend of the stock remains intact.
Following the approval of German Federal Financial Supervisory Authority and other relevant antitrust authorities, DEUTSCHE BOERSE AG (OTCMKTS:DBOEY) has completed 360T acquisition.
As of now, the trading platform is under the scrutiny of BaFin and continues to work in the old format. Reports claim that as soon as the formal proceeding is done, 360T CEO — Carlo Kölzer, will join the Group Management Committee of Deutsche Boerse.
Road Ahead
Deutsche Boerse seeks to take its global FX strategy to the next level; therefore, 360T will become the centre of competence of its future proceedings. It has asked the management team of 360T to keep developing its customer focus and innovative drive and expand business model in such a way that Deutsche can be benefitted from it. Although 360Twill have its future setup with Deutsche Boerse, all the existing legal agreements will remain unaffected.
The senior management of Deutsche Boerse is delighted to have 360T on board and hopes that it will drive company’s growth to the next level. According to Carsten Kengeter, Chief Executive Officer, Deutsche Boerse, it’s great to have 360T included in Deutsche Boerse’s portfolio. 360T is known for its dynamically evolving position in the FX market and lucrative growth trajectory; both of which will prove to be great add-ons for Deutsche Boerse in the future.
Deutsche Boerse Extends Support To Traders
In a recent statement, Deutsche Boerse announced its extended support for traders with risk-alerts. Company’s new service called ‘Risk Alerts’ will be launched on November 23, 2015. It will keep all the market participants abreast about order book and unusual price behavior of the Eurex futures.
It’s a fully automated procedure in which alerts are triggered as and when something changes in bid-ask spreads, traded prices and order book resilience. The management team handling ‘Risk Alert’ is excited about its addition to Deutsche Boerse service portfolio and hopes that it will make things easy for different market participants.
