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 and clearing company Clearstream.
The Frankfurt Stock Exchange has over 90 percent of turnover in the Germany 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) 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 orgins of the Franfurt Stock Exchange go back to the 9th century and a free letter by Emperor Louis the German to hold free trade fairs. By the 16th century Frankfurt developed into a wealthy and busy city with an economy based on trade and financial services. In 1585 a bourse was established to set up fixed currency exchange rates. During the following centuries Frankfurt developed into one of the world's first stock exchanges- next to London and Paris. Bankers like Mayer Amshel Rothschild and Max Warburg had substantial influence on Frankfurt's financial trade.
No comments:
Post a Comment