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19-642: The Prime Standard is a market segment of the Frankfurt Stock Exchange that includes companies which comply with transparency standards higher than those of the General Standard , which is regulated by law. The Prime Standard includes quarterly reporting as well as ad hoc disclosure in German and English, application of international accounting standards ( IFRS / IAS or US-GAAP ), publication of

38-543: A financial calendar and staging of at least one analyst conference per year. Companies must satisfy the requirements of the Prime Standard to be listed in the DAX , MDAX , TecDAX and SDAX . References [ edit ] ^ "Deutsche Börse Group - Prime Standard" . Archived from the original on 2019-02-08 . Retrieved 2017-03-11 . ^ "Gruppe Deutsche Börse - Prime Standard" . Archived from

57-491: A view to improving the continuity of prices and to avoid mistrades, several protective mechanisms are in place for the trading venues Xetra and Börse Frankfurt . These include volatility interruption, market order interruption, and liquidity interruption measures. The origins of the Frankfurt Stock Exchange go back to medieval trade fairs in the 11th century. By the 16th century Frankfurt developed into

76-565: 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 , which is considered to mark the 'birth' of the stock exchange. During the following centuries Frankfurt developed into one of the world's first stock exchanges – next to Amsterdam , London and Paris . Bankers like Mayer Amschel Rothschild and Max Warburg had substantial influence on Frankfurt's financial trade. In 1879 Frankfurt Stock Exchange moved into its new building at Börsenplatz. During

95-516: Is in an other currency than the euro. With a view to improving the continuity of prices and to avoid mistrades (clearly erroneous trades ), several protective mechanisms are in place for the Xetra trading venue. These include volatility interruption, market order interruption, and liquidity interruption measures. Trading on the Xetra trading venue is governed by clear rules, which apply equally for all trading participants. Independent market surveillance

114-751: Is made up of the Trading Surveillance Office (HÜSt), the Exchange Supervisory Authority attached to the Hessian Ministry of Economic Affairs, Transportation, and Regional Development, and the Federal Financial Supervisory Authority (BaFin). The admission of securities to the Frankfurt Stock Exchange and its trading venues Xetra and Börse Frankfurt does not require separate admission. Newly listed securities at

133-593: Is supported by Designated Sponsors who post binding purchase and selling prices (quotes) on a continuous basis and thus ensure additional liquidity and fair prices. As all the exchange trading is transacted electronically, there can be partial execution of orders on the Xetra trading venue. However, banks and online brokers do not face additional transaction costs for same-day partial executions and therefore most of them do not bill their clients additionally for partial executions. All listings are in euro including shares of secondary listings from issuers whose primary listing

152-929: The Irish Stock Exchange (since 2000), the Bulgarian Stock Exchange (since 2008), the Malta Stock Exchange (since 2012), the Cayman Islands Stock Exchange (since 2013) and the Zagreb Stock Exchange (since 2017). Eurex Bonds , the Deutsche Börse trading platform for government bonds, relies on the trading technology of Xetra. The New Generation Trading System in operation at the Shanghai Stock Exchange

171-731: The Frankfurt Stock Exchange is owned and operated by Deutsche Börse AG and Börse Frankfurt Zertifikate AG. It is located in the district of Innenstadt and within the central business district known as Bankenviertel . With 90 percent of its turnover generated in Germany, namely at the two trading venues Xetra and Börse Frankfurt, the Frankfurt Stock Exchange is the largest of the seven regional securities exchanges in Germany. The trading indices are DAX , DAXplus, CDAX , DivDAX, LDAX, MDAX , SDAX , TecDAX , VDAX and EuroStoxx 50 . Through its Deutsche Börse Cash Market business section, Deutsche Börse AG now operates two trading venues at

190-432: The Frankfurt Stock Exchange. Trading at the Frankfurt Stock Exchange is governed by clear rules, which apply equally for all trading participants. Independent market surveillance is made up of the Trading Surveillance Office (HÜSt), the Exchange Supervisory Authority attached to the Hessian Ministry of Economic Affairs, Transportation, and Regional Development, and the Federal Financial Supervisory Authority (BaFin). With

209-513: The Xetra trading venue are automatically included in Börse Frankfurt trading. The organising companies of the Frankfurt Stock Exchange are Deutsche Börse AG and Börse Frankfurt Zertifikate AG . Xetra is a registered trademark of Deutsche Börse AG. The Xetra trading technology was positioned as a brand product while it was still being developed. The intention was to be able to better position Xetra among trading participants and in

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228-595: The basis for calculating the DAX, the best-known German share index . Over 200 trading participants from 16 European countries, plus Hong Kong and the United Arab Emirates , are connected via Xetra servers in Frankfurt am Main . Given the high turnover ( market liquidity ) on the Xetra trading venue, orders for securities are executed swiftly and at prices in line with the market. Moreover, this principle

247-531: The final third of the 19th century, Frankfurt was a major financial center in the Atlantic world. It was only in 1949 after World War II that the Frankfurt Stock Exchange finally established as the leading stock exchange in Germany with consequently incoming national and international investments. During the 1990s the Frankfurt Stock Exchange was also bourse for the Neuer Markt (New Market) as part of

266-551: The original on 2016-12-02 . Retrieved 2017-03-11 . Retrieved from " https://en.wikipedia.org/w/index.php?title=Prime_Standard&oldid=1105645268 " Category : Stock market Frankfurt Stock Exchange The Frankfurt Stock Exchange (German: Börse Frankfurt , former German name: Frankfurter Wertpapierbörse , FWB ) is the world's 3rd oldest and 12th largest stock exchange by market capitalization . It has operations from 8:00 am to 10:00 pm ( German time ). Located in Frankfurt , Germany,

285-798: The presence of the European Central Bank in Frankfurt. In 2002 and 2004 Deutsche Börse was in advanced negotiations to take over London Stock Exchange , which were broken off in 2005. A further merger bid was blocked by the European Commission in 2017. Xetra (trading system) In 2015, 90 percent of all trading in shares at all German exchanges was transacted through the Xetra trading venue. With regard to DAX listings, Xetra has 60 per cent market share throughout Europe . Trading times on trading days are from 9.00 a.m. to 5.30 p.m. The prices on Xetra serve as

304-492: The public eye, and to license it to other exchange operators. The trading technology of Xetra was designed and implemented on the basis of Eurex trading technology; this was undertaken on behalf of Deutsche Börse AG by Andersen Consulting (nowadays Accenture) and Deutsche Börse Systems. Through its Deutsche Börse Cash Market business section, Deutsche Börse AG in Frankfurt/Main now operates two trading venues based on

323-779: The trading technology of Xetra: Furthermore, the trading technology of Xetra has also been in use at the Vienna Stock Exchange since November 1999. In December 2010, the Vienna Stock Exchange similarly introduced Xetra at the Ljubljana Stock Exchange . The trading technology is also in operation at the Prague Stock Exchange (since November 2012), the Budapest Stock Exchange (since December 2013),

342-541: The worldwide dot-com boom. In 1993 the Frankfurter Wertpapierbörse (Frankfurt Stock Exchange) became Deutsche Börse AG, operating businesses for the exchange. From the early 1960s onwards the Frankfurt Stock Exchange took advantage of the close by Bundesbank which effectively decided on financial policies in Europe until the introduction of the euro in 2002. Since then the exchange profits from

361-537: Was also developed on the basis of the trading technology of Xetra. The trading technology of Xetra replaced the IBIS trading platform on 28 November 1997. Advocates cited execution prices in line with the market, low transaction costs, equality, geographical location, and the anonymity of trading partners in its favour. The main challenges discerned were to ensure system stability and availability, scalability, latency, and long-term growth in market activity. The name Xetra

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