The Frankfurt Stock Exchange (German: FWB Frankfurter Wertpapierbrse) 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 Borse, 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 has been opened to foreign investors and market participants. About 47% of the 300 market participants in Frankfurt come from abroad.
The trading 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).
Sumber: Wikipedia
