Difference between revisions of "Frankfurt Stock Exchange"

From MarketsWiki
Jump to navigation Jump to search
 
(24 intermediate revisions by 6 users not shown)
Line 1: Line 1:
{{helpAddContent}} <!-- Have a big article with lots of text?  Remove this template! -->
{{Eurex_adbox}}
{{Infobox_Company <!-- Feel free to remove comments like this when you add real info -->
{{Infobox_Company  
| company_name =  
| company_name = Frankfurt Stock Exchange
| company_logo =  <!-- use the syntax: [[Image:imgname.jpg]] for this, or leave it blank -->
| company_logo =  [[Image: Dbfr logo.gif]]
| key_people =    [[Frank Gerstenschläger]], CEO<!-- CEO, President, etc, don't need to list everybody -->
| key_people =    [[Thomas Book]], Chair: Martin Reck, Deputy Chair <!-- CEO, President, etc, don't need to list everybody -->
| foundation =    <!-- Year founded -->
| foundation =    <!-- Year founded -->
| location =      <!-- Headquarters city, state, country -->
| location =      Frankfurt, Germany
| employees =      <!-- Approx number of employees -->
| employees =      <!-- Approx number of employees -->
| products =      <!-- Quick list of types of things company does or produces -->
| products =      Equities
| homepage=        http://     <!-- No web site? Just leave this line blank -->
| homepage=        [http://www.boerse-frankfurt.de/EN/index.aspx?PageID=1 www.boerse-frankfurt.de]}}
}}
''Note on Spelling: In German, the Frankfurter Wertpapierbörse is referred to as the FWB''


The Frankfurt Stock Exchange (FSE) is a wholly-owned subsidiary of Deutsche Boerse and the largest of Germany's seven regional stock exchanges.<!-- Put a quick one to two paragraph intro here about the company and what it does -->
The Frankfurt Stock Exchange, or Frankfurter Wertpapierbörse (FWB) is a public institution under German law, operated by [[Deutsche Boerse]]. It became part of Deutsche Boerse in 1990 when administration and operation of the Frankfurt Stock Exchange were transferred from the Frankfurt Chamber of Commerce and Industry to the newly founded Frankfurter Wertpapierbörse AG, which became Deutsche Börse AG shortly afterwards. Thus, the Frankfurt Stock Exchange became the nucleus of Deutsche Boerse Group.


<!-- Note that you may change around the order of the section headers below, or rename them
It is one of the world’s largest centers for securities trading. It is the largest of the severn German stock exchanges and has 90 percent of the share turnover among them.
    if needed.  They are there to get you started, and to remind you to USE section headers!
    And yes, take this comment out too when you write your article.


    Need to use references?  Use the following line to copy/paste in where needed, and fill out:
The exchange operates via electronic trading and features settlement and information systems. Besides a specialist system of trading at the Frankfurt Stock Exchange, it offers a fully electronic trading system in Xetra. Xetra was launched in 1997.
    <ref>{{cite web|url=|name=|org=|date=}}</ref>
 
    url=web url; name=title of page/article; org=Name of organization who owns page; date=today's date-->
The trading community at the Frankfurt Stock Exchange is half German and the other half from countries around the world.<ref>{{cite web|url=https://deutsche-boerse.com/dbg-en/our-company/frankfurt-stock-exchange|name=Frankfurt Stock Exchange|org=Deutsche Boerse|date=July 1, 2019}}</ref>  


== History ==
== History ==
<div style="float:left; margin-right:1em;">{{Eurex Ad 1}}</div>
 
The earliest roots of the Frankfurt Stock Exchange arose from the period of medieval fairs. The first fair mentioned in writings was during the Assumption holiday in the year 1150.<ref>{{cite web|url=https://www.deutsche-boerse.com/dbg-en/our-company/frankfurt-stock-exchange/history-of-the-frankfurt-stock-exchange|name=History of the Frankfurt Stock Exchange|org=Deutsche Boerse|date=September 11, 2019}}</ref>
Autumn fairs were believed to have their origins in the 11th century as harvest fairs. From 1330 on, fairs were expanded to include a spring fair as well by Emperor Ludwig the Bavarian.
Trading activity during these fairs then developed into orders for the manufacture of goods and this helped develop an open and nationwide market.
Frankfurt grew as a commerce and banking center during the sixteenth century as Dutch and French merchants immigrated to German to avoid persecution for their religious beliefs. Martin Luther called Frankfurt the city “the silver and gold hole” of the German Empire as merchants from all over the world came to Frankfurt to engage in trade.
 
The birth of the Frankfurt Stock Exchange is tied to a fair in 1585 when merchants met to establish uniform exchange rates. With no single European currency, payments for goods in Frankfurt were based on a large variety of coins. The uniform rates fought the usury and swindles seen in currency exchange transactions.
 
It was September 9, 1585 when that agreement for uniform rates was set. A group of merchants would meet at the fair periodically to update the uniform and binding exchange rates for transactions in notes and coins.
The first time the word Burs or Börse was used was in 1605 in writing for the designation of the periodic update meeting.
 
Quotations for twelve denominations of currencies were listed on official quotations sheets. The first one of these appeared in 1625.
 
The oldest quotations sheet from the Frankfurt exchange that still exists dates from the year 1721. The exchange rate for 16 coinage types were listed.
 
The original meetings were held in an open field in front of the Frankfurt town hall. In 1694, traders moved to the Großer Braunfels building at the Liebfrauenberg, thereby selecting the city's most important and spacious building as their fixed meeting place.
 
It was in 1666 that the first exchange rules and regulations were enacted, which led to the establishment of an official stock exchange administration. At first, only trading in bills of exchange was allowed on the Frankfurt exchange.
 
== Products and Services ==
== Products and Services ==
*Equities Trading<ref>{{cite web|url=https://deutsche-boerse.com/dbg-en/products-services/ps-trading|name=Trading|org=Deutsche Boerse|date=September 11, 2019}}</ref>
*Exchange-traded products (ETPs)
*Bonds


== Key People ==
== Key People ==
Management Board:
Management Board:
*[[Frank Gerstenschläger]] (Chairman)
*[[Thomas Book]] (Chair)
*[[Rainer Riess]] (Deputy Chairman)
*[[Martin Reck]] (Deputy Chairman)
*[[Roger Müller]] (responsible for xx)
*[[Cord Gebhardt]]
*[[Jürgen Röthig]] (responsible for xx)
*[[Michael Krogmann]]
 
== Resources ==
*[http://http://deutsche-boerse.com/dbag/dispatch/en/kir/gdb_navigation/home? Deutsche Boerse AG Web site]


== References ==
== References ==
<references />
<references />
<!-- Categories go at the end of the article.  Not sure if this article fits a category?  Some do,
    some don't.  Take a look at http://www.marketswiki.com/mwiki/index.php?title=Special:Categories
    if you want a list of existing categories. -->

Latest revision as of 17:55, 1 July 2020

Frankfurt Stock Exchange
Dbfr logo.gif
Headquarters Frankfurt, Germany
Key People Thomas Book, Chair: Martin Reck, Deputy Chair
Products Equities
Website www.boerse-frankfurt.de

The Frankfurt Stock Exchange, or Frankfurter Wertpapierbörse (FWB) is a public institution under German law, operated by Deutsche Boerse. It became part of Deutsche Boerse in 1990 when administration and operation of the Frankfurt Stock Exchange were transferred from the Frankfurt Chamber of Commerce and Industry to the newly founded Frankfurter Wertpapierbörse AG, which became Deutsche Börse AG shortly afterwards. Thus, the Frankfurt Stock Exchange became the nucleus of Deutsche Boerse Group.

It is one of the world’s largest centers for securities trading. It is the largest of the severn German stock exchanges and has 90 percent of the share turnover among them.

The exchange operates via electronic trading and features settlement and information systems. Besides a specialist system of trading at the Frankfurt Stock Exchange, it offers a fully electronic trading system in Xetra. Xetra was launched in 1997.

The trading community at the Frankfurt Stock Exchange is half German and the other half from countries around the world.[1]

History[edit]

The earliest roots of the Frankfurt Stock Exchange arose from the period of medieval fairs. The first fair mentioned in writings was during the Assumption holiday in the year 1150.[2]

Autumn fairs were believed to have their origins in the 11th century as harvest fairs. From 1330 on, fairs were expanded to include a spring fair as well by Emperor Ludwig the Bavarian.

Trading activity during these fairs then developed into orders for the manufacture of goods and this helped develop an open and nationwide market.

Frankfurt grew as a commerce and banking center during the sixteenth century as Dutch and French merchants immigrated to German to avoid persecution for their religious beliefs. Martin Luther called Frankfurt the city “the silver and gold hole” of the German Empire as merchants from all over the world came to Frankfurt to engage in trade.

The birth of the Frankfurt Stock Exchange is tied to a fair in 1585 when merchants met to establish uniform exchange rates. With no single European currency, payments for goods in Frankfurt were based on a large variety of coins. The uniform rates fought the usury and swindles seen in currency exchange transactions.

It was September 9, 1585 when that agreement for uniform rates was set. A group of merchants would meet at the fair periodically to update the uniform and binding exchange rates for transactions in notes and coins. The first time the word Burs or Börse was used was in 1605 in writing for the designation of the periodic update meeting.

Quotations for twelve denominations of currencies were listed on official quotations sheets. The first one of these appeared in 1625.

The oldest quotations sheet from the Frankfurt exchange that still exists dates from the year 1721. The exchange rate for 16 coinage types were listed.

The original meetings were held in an open field in front of the Frankfurt town hall. In 1694, traders moved to the Großer Braunfels building at the Liebfrauenberg, thereby selecting the city's most important and spacious building as their fixed meeting place.

It was in 1666 that the first exchange rules and regulations were enacted, which led to the establishment of an official stock exchange administration. At first, only trading in bills of exchange was allowed on the Frankfurt exchange.

Products and Services[edit]

  • Equities Trading[3]
  • Exchange-traded products (ETPs)
  • Bonds

Key People[edit]

Management Board:

Resources[edit]

References[edit]

  1. Frankfurt Stock Exchange. Deutsche Boerse.
  2. History of the Frankfurt Stock Exchange. Deutsche Boerse.
  3. Trading. Deutsche Boerse.