Added: 02/13/2006 |
FWB is the most important of the eight German stock exchangesThe FWB Frankfurter Wertpapierborse (The Frankfurt Stock Exchange) is the world's third largest organized Exchange-trading market (next to London and Paris) in terms of turnover and dealings in securities. With the support of state-of-the-art computer-based trading, processing and information systems the Frankfurt Stock Exchange has been able to keep pace with the ever-increasing demands of the international stock market business.
The bourse was established in 1585 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. Today, with a total turn over of Euro 5.200 Billion 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.
The public guarantor of the FWB is the Deutsche B?rse AG whose duty it is to ensure the full viability of trading in securities. Deutsche B?rse Group is far more than a mere marketplace organizer for the trading in shares and other securities. It is a transaction services provider. With advanced technology it affords companies and investors access to global capital markets. Deutsche B?rse has a broader basis than any of its competitors. Its product and services portfolio covers the entire process chain: including securities and derivatives trading, transaction settlement, the provision of market information, as well as the development and operation of electronic trading systems. With its process-oriented business model, Deutsche B?rse increases the efficiency of capital markets: issuers benefit from low capital costs; investors enjoy the advantages of high liquidity and low transaction costs.
With the support of state-of-the-art computer-based trading, processing and information systems the Frankfurt Stock Exchange has been able to keep pace with the ever-increasing demands of the international stock market business. There is a full spectrum of computerized security trading available through Xetra in addition to the traditional floor trading. Xetra was established in November 1997 and has enabled the FWB to consolidate its existing competitive edge and create an attractive framework for international investors and market participants. The cosmopolitan atmosphere Frankfurt Germany enjoys is demonstrated in the membership structure of the stock market where more than 140 foreign banks and financial service companies are counted among the total of more than 330 members.
The trading index (indicies) in Frankfurt are: DAX, DAXplus, CDAX, DivDAX, LDAX, MDAX, SDAX, TecDAX, VDAX and EuroStoxx 50.
As the executive body of FWB, an entity under public law, the General Managers are responsible for all tasks not expressly assigned to other exchange bodies. The legal foundations for the activities of the General Managers are anchored in the Stock Exchange Act. In accordance with its provisions, the General Managers are responsible for managing the Frankfurt Stock Exchange. They ensure that exchange-relevant laws, ordinances, standard terms and conditions and other regulations are implemented and complied with accordingly.
The Exchange Council is a key forum for discussing fundamental issues and developments at Frankfurt Stock Exchange. The FWB General Managers require the approval of the Exchange Council on all questions of fundamental significance. Among other things, the Exchange Council is responsible for the appointment, withdrawal and supervision of the executive management. Furthermore, it issues the Exchange Rules, the Fee Regulations and the Conditions for Transactions on the Exchange.
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