Frankfurt Stock Exchange
|
The Frankfurt Stock Exchange (outside) |
The
Frankfurt Stock Exchange (
German:
FWB® Frankfurter Wertpapierbörse) is a
stock exchange located in
Frankfurt,
Germany.
The Frankfurt Stock Exchange is one of the biggest and most efficient exchange places in the world. It is owned and operated by
Deutsche Börse, which also owns the European
futures exchange Eurex and clearing company
Clearstream.
The Frankfurt Stock Exchange has over 90 percent of turnover in the German market and a big share in the European market. Here the Frankfurt Stock Exchange floor trading loses, but in fast developing and expanding electronic trading (
Xetra trading system) the FSE gains in European and international trade: partner-exchanges adopted the
Xetra (trading system) (as the
Vienna Stock Exchange in
1999, the
Irish Stock Exchange in
2000 and the
Budapest Stock Exchange in
2003); consolidation continues.
Mainly through Xetra, the German stock market was opened to foreign investors and market participants. About 47% of the 300 market participants in Frankfurt come from abroad.
The trading index (indices) in Frankfurt are
DAX,
DAXplus,
CDAX,
DivDAX,
LDAX,
MDAX,
SDAX,
TecDAX,
VDAX and
EuroStoxx 50.
Trading runs from 09:00 to 17:30 with closing auction from 17:30-17:35. In November 2003, Late DAX was introduced running from 17:45 to 20:00 and in 2006 X-DAX was introduced running from 17:45-22:00 (in line with Us Trading hours)
The origins of the Frankfurt Stock Exchange go back to the
9th century and a free letter by
Emperor Louis the German to hold free trade fairs. By the 16th century Frankfurt developed into a wealthy and busy city with an economy based on trade and financial services.
In
1585 a bourse was established to set up fixed
currency exchange rates. During the following centuries Frankfurt developed into one of the world's first stock exchanges - next to
London and
Paris.
Bankers like
Mayer Amschel Rothschild and
Max Warburg had substantial influence in Frankfurt's financial trade.
In
1874 Frankfurt Stock Exchange moved into its new building at Börsenplatz.
It was only in
1949 after
World War II that the Frankfurt Stock Exchange finally established as the leading
stock exchange in
Germany with consequently incoming national and international investments.
During the
1990s the Frankfurt Stock Exchange was also bourse for the
Neuer Markt (
German for
New Market) as part of the world wide dot-com boom.
In
1993 the
Frankfurter Wertpapierbörse (Frankfurt Stock Exchange) became Deutsche Börse AG, operating businesses for the exchange.
From the early
1960s onwards the Frankfurt Stock Exchange took advantage of the close by
Bundesbank which effectively decided on financial policies in Europe until the introduction of the
Euro in
2002. Since then the exchange profits from the presence of the
European Central Bank in
Frankfurt am Main.
In
2002 and
2004 Deutsche Börse was in advanced negotiations to take over
London Stock Exchange, which were broken off twice.
Today, with a total turnover of 5.2 Trillion € per year the Frankfurt Stock Exchange strengthens its position as the world's 3rd largest trade-place for stocks and the world's 6th largest by
market capitalization.
*
List of banks in Germany*
Financial Market Integration in a Wider European Union*
International financial centres: rivals or partner?*
Assessment on Frankfurt's failed take-over of LSE*
Frankfurt Stock Exchange*
European Capital Markets Institute, Brussels*
Federation of European Securities Exchanges (FESE), Brussels*
Bank for International Settlements, Basel---
*
Börse N24.de*
Börse.de*
Börse-Online.de*
Euroland.com
