Frankfurt Stock Exchange

The Frankfurt Stock Exchange (FSE ) is the most important German stock exchange based in Frankfurt am Main. Operators and carriers are the German Börse AG and Scoach Europa AG.

History

Old and New Market

→ History of the Frankfurt Stock Exchange system until the construction of the new stock exchange, see: Alte Börse (Frankfurt am Main )

Since 1843 possessed the Frankfurt Stock Exchange, after she had been housed almost half centuries for rent in the house Braunfels on Liebfrauenberg the first time a private stock exchange building.

At that time hardly anyone knew how fast should soon grow Frankfurt ( urbanization, demographics Germany ) and how fast should the importance of trading up soon. After unification in 1871, there was in Germany to an economic upturn (see Early Years ) and a very rapid industrialization. The building of the Old Stock Exchange appeared significantly undersized.

Soon it was clear that a new building would result in the northwest of Neustadt, in the field of early modern systems of Rahmhofs and Taubenhofs, which as well as numerous houses for the breakthroughs of the surrounding streets had it soft. 1879, designed by the Frankfurt architect Heinrich Oskar Sommer Burnitz and New Market was inaugurated.

Despite the emergence of shares with the industrial revolution, the focus of the Frankfurt Stock Exchange trading continues to lay on the trade in bonds.

During the First World War, the trade was gradually phased out in foreign securities. Among them also suffered from the international contacts of the Frankfurt Stock Exchange. During inflation (1914-1923), the purchasing power of securities that expressed a monetary value, fell into a bottomless pit. Shares, however, have been a coveted object of speculation.

During the time of National Socialism, the free market, the Nazi regime disabilities strong. The capital of the investor should according to the will of those in power largely benefit the rearmament of the Wehrmacht and later the war economy and could therefore no longer be invested in larger bonds or equities. Reich Economics Ministry and the Reichsbank were important institutions of the Nazi policies.

Still further, a certain exchange trading took place. Also during the air raids on Frankfurt am Main ( Frankfurt Stock Exchange in March 1944, the building was severely damaged) negotiated broker in the basement of the Exchange. After the capitulation of the German Empire, the exchange initially remained closed; in September 1945 she could - be re-opened - the first German stock exchange.

After the currency reform of 1948 and the German economic miracle, the Frankfurt Stock Exchange rose again in the international application. With the permission for trading of foreign securities in 1956, the stock market could take the German top position again.

Floor reconstruction

From October 2006 to February 2007, the trading floor of the Frankfurt Stock Exchange has been restored. The main optical renewal should replace especially old technology with new, according to the German Stock Exchange. The previously rectangular barriers are now around. For IPOs, two separate jobs have been created under the well-known DAX board. In addition, a new ceiling lights were installed. However, was preserved the heading display, such as the DAX board, this is according to the company contribute to recognition.

The rebuilding took place during ongoing trade. The TV station reported from other areas, mainly the former pension hall. The visitors' gallery was open during the works, although, however, granted only a limited insight on the construction site. After four months of construction, the trading hall was reopened on 26 February 2007.

Today

Today, the Frankfurt Stock Exchange is one of the largest exchanges for securities in the world. Operator and carrier is the German Börse AG. In 2000, the New Exchange was based in a new building in Industriehof in Frankfurt am Main. In 2005, around 3.8 trillion euros were traded on the German stock exchanges. Of this amount from the total sales of around 3.2 trillion euros in equities, warrants and exchange-traded funds and around 615 billion euros on bonds. The share turnover was 1.3 trillion euros in German equities account for approximately 98 % of trading on the Frankfurt Stock Exchange and Xetra, the electronic trading system of Deutsche Börse. In October 2008, 97% of the total volume was in German equities on Xetra and the Frankfurt trading floor. Foreign equities were about 86 % of the turnover on Xetra and on the floor.

In early November 2010, the new headquarters of Deutsche Börse AG of Frankfurt am Main was moved to Eschborn and the building Neue Börse abandoned. In the commercial district of Eschborn a new building built called The Cube and a large car park for the German Börse AG. The Group invested are in the Eschborn site, where about 2,000 people who commute around 200 million euros. The move had tax reasons, because Eschborn has a much lower business tax rate as Frankfurt am Main.

A takeover of the London Stock Exchange by the Frankfurt Stock Exchange in 2004 and a merger with NYSE Euro Next late 2011/early 2012 failed.

Trade

The German stock market covers according to its own statements, all products and services, including securities business: from securities and derivatives trading through the settlement of transactions and the provision of market information to the development and operation of electronic trading systems. Trading hours are publicly Every day from 9:00 bis 17:30 clock (XETRA) and 8:00 a.m. to 20:00 (floor trading ). Floor trading was transferred on 23 May 2011 on the Xetra ® technology. This was the former lead brokers to so-called "specialists".

Media

Some television stations report several times a day from the stock market. Pioneer of comprehensive live coverage was the Telebörse from 1987 Sat.1, today on n-tv. In addition, the ARD is represented by the Hessischer Rundfunk. With a TV crew, among other things, the program " Market in the First " is produced, which is broadcast on the first just before the news at 20.00 clock. Also report the TV station DAF, Bloomberg Television, ZDF, N24, CNBC Europe and DW-TV by the Exchange.

Terms of Use

The Securities and Exchange Commission on the Frankfurt Stock Exchange is perceived by the Hessian Ministry of Economics, Transport and Regional Development: