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Frankfurt stock exchange
 

Frankfurt stock exchange

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    Frankfurt stock exchange Frankfurt stock exchange Document Transcript

    • Frankfurt Stock ExchangeFrankfurt Stock ExchangeType Stock ExchangeLocation Frankfurt, Germany 50°06′ 55″ N 8°40′ 40″ E / 50.11528°NCoordinates 8.67778°E / 50.11528; 8.67778Founded 1585Owner Deutsche Börse, Scoach EuropaMarketCap US$ 4,7 trillion (dec 2010)
    • Building in the center of Frankfurt The bear and the bull in front of the ExchangeThe Frankfurt Stock Exchange (German: Frankfurter Wertpapierbörse, FWB) is the worlds 12th largeststock exchange by market capitalization. Located in Frankfurt am Main, Germany, the Frankfurt StockExchange is owned and operated by Deutsche Börse, which also owns the European futures exchangeEurex and the clearing company Clearstream.The Frankfurt Stock Exchange accounts for over 90 percent of the turnover in the German market and avery large share of the European market. In 2010, the Frankfurt Stock Exchange agreed to move toabolish floor trading and completed this transition in May 2011.[1] Today, trading takes place exclusively
    • via the Xetra system, with redundant floor brokers taking on the role of market-makers on the newplatform.More than 14 international exchanges have adopted Xetra (including the Vienna Stock Exchange in1999, the Irish Stock Exchange in 2000 and the Budapest Stock Exchange in 2003). Approximately 47% ofthe 300 market participants in Frankfurt come from abroad. As of November, 2010, companies frommore than 80 countries list on the Frankfurt Stock Exchange with 49% from North and South America.31% from Europe (including Russia), 14% from Asia and 6% from Australia and Africa.The Frankfurt Stock Exchange has more than 250 international trading institutions and more than 4,500traders. Investors directly connected to the Frankfurt Stock Exchange represent 35% of the worldsinvestment capital.The trading indices in Frankfurt are DAX, DAXplus, CDAX, DivDAX, LDAX, MDAX, SDAX, TecDAX, VDAXand EuroStoxx 50.Automatic Xetra trading runs from 09:00 to 17:30 with closing auction from 17:30-17:35, floor brokerstrading times are from 8:00 to 20:00. In November 2003, Late DAX was introduced running from 17:45to 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 EmperorLouis the German to hold free trade fairs. By the 16th century Frankfurt developed into a wealthy andbusy city with an economy based on trade and financial services. Frankfurt Stock Exchange floorIn 1585 a bourse was established to set up fixed currency exchange rates. During the following centuriesFrankfurt developed into one of the worlds first stock exchanges - next to London and Paris. Bankers
    • like Mayer Amschel Rothschild and Max Warburg had substantial influence on Frankfurts financialtrade.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 theleading 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 NewMarket) 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 Bundesbankwhich effectively decided on financial policies in Europe until the introduction of the euro in 2002. Sincethen 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 in 2005.[2][