Frankfurt Stock Exchange (FRA)

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    sebkuhnert
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    The Frankfurt Stock Exchange in Germany is one of the world’s biggest exchanges – the 12th largest by market capitalisation. It is owned by Deutsche Boerse and publishes the DAX and EuroSTOXX 50 indices, among others.

    Frankfurt is the centre of Germany’s financial industry. Consequently, the Frankfurt Stock Exchange is responsible for around 90% of German trading turnover, as well as a major portion of all European trades.

    In 2010, the exchange began moves to purely electronic trading and completed the switch in May 2011. Its former floor is now employed as market makers and all trading takes place on the Xetra platform, which is owned by Deutsche Boerse.

    The introduction of Xetra has allowed foreign investors to join the exchange to trade on the German markets – they make up around 47% of the exchange’s 300 members. The exchange is home to more than 4,500 traders and 250-plus international trading institutions. Around 35% of global investment capital is directly connected to the Frankfurt exchange.

    Companies from more than 80 countries are listed on the Frankfurt Stock Exchange, of which 49% are from North or South America, 31% are European or Russian, 14% Asian and 6% African or Australian, at November 2010.

    Trading hours are from 0930 to 1730 CET Monday to Friday. Automated Xetra trading starts slightly earlier, at 0900 CET, and ends slightly later at 1735 CET.

    Trading on the Frankfurt Stock Exchange

    Products

    Aside from equities, the exchange’s main traded financial instrument, the following products are traded.

    Indices

    The two main indices published by the exchange are the aforementioned DAX and EuroSTOXX 50. There are a number of smaller, mostly specialist trading indices.

    • DAXplus
    • DAX 30
    • CDAX
    • DivDAX
    • LDAX
    • MDAX
    • SDAX
    • TecDAX
    • VDAX

    Financial data

    The Frankfurt Stock Exchange turned €140.9 million in sales in 2011 – 51% was income from trading, on both Xetra and its last few months of floor trades. Trading volumes amounted to €1,459.8 billion.

    Further information