Frankfurt Stock ExchangeFinancial Dictionary -> Investing -> Frankfurt Stock Exchange
Historically the Frankfurt Stock Exchange's roots began as early as the 9th century when the emperor began to accept regular free trade fairs, but is wasn't until 1590s that it was categorized as a stock exchange comprehensible by today's standards. It moved to its current location at Borsenplatz in 1874, and its impressive building stands right in the middle of Frankfurt. Its defining feature is two large statues of a bear and a bull, representing the bear market and bull market investment terms.
Today, although it still has a trading floor the exchange operates with the Xetra trading system to expand trading and keep up with contemporary investment needs. Trading hours begin at 9:00 am and close at 5:00 pm, with a post trading auction from 5:30 pm to 5:35 pm. As of 2003 there is also a late DAX from 5:45 pm to 8:00 pm.
There are several market indexes that track the Frankfurt Stock Exchange including the DAX, EuroStoxx 50, DAXplus, LDAX, MDAX, CDAX, DivDAX, SDAX, TecDAX and VDAX.
Some commonly known companies that are listed on the Frankfurt Stock Exchange include the BMW Car Company, the Deutsche Bank, Vodafone cell phone network, Adidas sports clothing, Nintendo video game system, and the Volkswagen Group.