Katana VentraIP

Frankfurt Stock Exchange

The Frankfurt Stock Exchange (German: Börse Frankfurt, former German name: Frankfurter Wertpapierbörse, FWB) is the world's 3rd oldest and 12th largest stock exchange by market capitalization.[2] It has operations from 8:00 am to 10:00 pm (German time).[3]

Type

Stock exchange

Frankfurt, Hesse, Germany

50°06′55″N 8°40′40″E / 50.11528°N 8.67778°E / 50.11528; 8.67778

1585 (1585)

Deutsche Börse, Börse Frankfurt Zertifikate AG

Euro

US$2.37 trillion (March 2023)[1]

www.boerse-frankfurt.de

Organisation[edit]

Located in Frankfurt, Germany, the Frankfurt Stock Exchange is owned and operated by Deutsche Börse AG and Börse Frankfurt Zertifikate AG. It is located in the district of Innenstadt and within the central business district known as Bankenviertel.[2]


With 90 percent of its turnover generated in Germany, namely at the two trading venues Xetra and Börse Frankfurt, the Frankfurt Stock Exchange is the largest of the seven regional securities exchanges in Germany.[2]


The trading indices are DAX, DAXplus, CDAX, DivDAX, LDAX, MDAX, SDAX, TecDAX, VDAX and EuroStoxx 50.[4]

is the reference market for exchange trading in German equities and exchange traded funds. In 2015, 90 per cent of all trading in shares at all German exchanges was transacted through the Xetra. With regard to DAX listings, Xetra has 60 per cent market share throughout Europe.[1] Trading times on trading days are from 9.00 a.m. to 5.30 p.m.[2] The prices on Xetra serve as the basis for calculating the DAX, the best-known German share index. Over 200 trading participants from 16 European countries, plus Hong Kong and the United Arab Emirates, are connected via Xetra servers in Frankfurt/Main.[3]

Xetra

Börse Frankfurt is the trading venue for mainly private investors with more than one million securities of German and international issuers. So-called "specialists" on the trading floor attend to the trading of the securities.

[5]

Through its Deutsche Börse Cash Market business section, Deutsche Börse AG now operates two trading venues at the Frankfurt Stock Exchange.

Market surveillance and protective mechanisms[edit]

Trading at the Frankfurt Stock Exchange is governed by clear rules, which apply equally for all trading participants. Independent market surveillance is made up of the Trading Surveillance Office (HÜSt), the Exchange Supervisory Authority attached to the Hessian Ministry of Economic Affairs, Transportation, and Regional Development, and the Federal Financial Supervisory Authority (BaFin).Xetra (trading system)


With a view to improving the continuity of prices and to avoid mistrades, several protective mechanisms are in place for the trading venues Xetra and Börse Frankfurt. These include volatility interruption, market order interruption, and liquidity interruption measures.Xetra (trading system)

Financial Market Integration in a Wider European Union

International financial centres: rivals or partner?

Assessment on Frankfurt's failed take-over of LSE

Deutsche Börse Cash Market – Organisation of the FWB

Website of trading venue Xetra

Website of trading venue Börse Frankfurt

Archived 24 February 2006 at the Wayback Machine

Federation of European Securities Exchanges (FESE), Brussels

in the 20th Century Press Archives of the ZBW

Clippings about Frankfurt Stock Exchange