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Add exchanges Dusseldorf & Hamburg; shift Frankfurt early close #387

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ValueRaider
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@ValueRaider ValueRaider commented Jun 1, 2024

Add exchanges Dusseldorf & Hamburg. Their schedules appear identical, but I'm basing off tradinghours.com because English resources not as good as for Frankfurt. But the later close supported by Yahoo Finance (1T5.DU)

Then I shifted Frankfurt's December early close, because CBOE thinks its 2pm. https://www.cboe.com/about/hours/european-equities I couldn't find any other confirmation of what early close should be.

Any German-speakers can cross-check?

Add exchanges Dusseldorf & Hamburg. Their schedules appear identical,
but I'm basing off tradinghours.com because English resources not as good
as for Frankfurt.

Then I shifted Frankfurt's early close, because CBOE thinks its 2pm.
https://www.cboe.com/about/hours/european-equities
I couldn't find any other confirmation of what early close should be.
@ValueRaider ValueRaider force-pushed the XDUS-new-XHAM-new-XFRA-adjust branch from 0dea7d4 to c83a167 Compare June 1, 2024 21:20
@ValueRaider ValueRaider marked this pull request as ready for review June 1, 2024 21:37
@jenskeiner
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Chiming in here because I stumbled upon this change and wondered myself if XFRA really had a different early close time 12:30 as opposed to 14:00 for XETRA.

I had some issue finding anything more recent, but typically the exchange would issue an announcement somewhen during the year to confirm how the last trading day of the year would be handled. Technically, it's not a fixed rule that the last trading day is an early close day, but that's how it's been handled in the past.

The announcement for 2020 is here: https://www.xetra.com/resource/blob/2344902/c4b2893e5f343601983c8d84e988d1cf/data/Bekanntmachung-FWB-zur-Jahresschlussb-rse-2020.pdf

It states the following:

  • XFRA: Securities in the continuopus trading model start post trading at 14:00 which is a change to the regular schedule. Post trading ends at 15:00. Securities in single auction model have their auction at 11:00 (regular time) but post trading end 15:00 which is earlier than usual.
  • XETR: CLosing auction starts earlier at 14:00 (but ends after 14:05), post trading ends at 15:00

To sum up, I think it's correct to adjust the regular early close time for XFRA to 14:00, although a single time cannot do all the market models justice.

@maread99 maread99 added the calendar update Calendar needs updating label Jun 24, 2024
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Thanks for this PR @ValueRaider, and for the input @jenskeiner.

@maread99 maread99 merged commit 7fb0169 into gerrymanoim:master Jun 24, 2024
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@ValueRaider ValueRaider deleted the XDUS-new-XHAM-new-XFRA-adjust branch July 7, 2024 16:30
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3 participants