The Frankfurt Stock Exchange is a stock exchange in Frankfurt, Germany, owned by Deutsche Börse. It is the largest of Germany’s seven stock exchanges, controlling over 90% of all turnover. The exchange lists public companies and allows investors to buy securities. It follows Central European Time and facilitates electronic trading. The building was renovated in 2007 and features modern electronic systems. The exchange is regulated by several bodies to protect investors and maintain its integrity.
The Frankfurt Stock Exchange is just what it claims to be: a stock exchange in Frankfurt, Germany. It ranked in 2006 as the sixth largest stock market in the world by total value of stock trading. Owned and operated by Deutsche Börse, the Frankfurt Stock Exchange provides the infrastructure for trading in shares and other securities in Frankfurt. The stock exchange lists public companies that want to sell their securities and allows investors to buy them.
Prior to the 16th century, the German Empire had many economic regions, each with its own monetary system and coin variety. The Frankfurt Stock Exchange was born in the 16th century when merchants began meeting to set exchange rates; a quotation sheet from 1585 already contained the exchange rates of 1625 different types of money. Later in the 17th century, the exchange imposed rules and regulations and began trading bills and bonds. The Frankfurt Stock Exchange grew in importance with the Industrial Revolution as companies increasingly financed their projects by issuing shares. The Frankfurt Stock Exchange lost all of its foreign stocks in World War I and was out of business throughout the Nazi era, but recovered shortly after the German currency reform in 12.
Germany has seven stock exchanges and the Frankfurt Stock Exchange is the largest, controlling over 90% of all turnover. In addition to traditional basic trading, the exchange also facilitates electronic trading. An international trading centre, nearly half of all its market participants are from outside Germany. The exchange follows Central European Time (CET) and facilitates the trading floor from 9am to 8pm Monday to Friday. The board of directors handles the day-to-day management of the stock exchange under the Stock Exchange Council, which handles executive matters.
Several bodies regulate the proper conduct of trading on the Frankfurt Stock Exchange. The Trading Regulatory Authority oversees trading activities, the State Trading Regulatory Authority evaluates irregularities and enforces penalties, and the Federal Financial Regulator investigates possible violations of trading regulations. These bodies cooperate to protect investors and maintain the integrity of the Frankfurt Stock Exchange.
Completely renovated in 2007, the Frankfurt Stock Exchange building has a contemporary interior equipped with modern electronic systems. The trading room has sturdier floors, brighter lights, and cubicles that provide a more ergonomic work environment. It also features moving LED displays and a fluorescent world map marking important global trading venues. The visitors’ gallery boasts a floor chart showing the performance of share prices. The building retains some of its signature elements, such as a magnetically controlled whiteboard and price display system.
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