The Frankfurt Stock Exchange (FSX), as the name implies, is a bourse or stock exchange located in Frankfurt, Germany. Currently, with its total turnover of five trillion Euros a year, the FSX is the third largest stock exchange in the world. In terms of market capitalization, it ranks six among other stock exchanges.
Owned and operated by the Deutsche Börse, the FSX is one of the most efficient exchange places in the world. Deutsche Börse also owns the Eurex, which is a European futures exchange. The company also owns Clearstream, which is a clearing company.
The origins of the FSX can be traced back to the 9th century. It was one of the world's first stock exchanges. At first, it started as a free trade fair, which was was allowed by Emperor Louis the German.
In the 16th century, the FSX played an active role in the economic development of the city and the country. Frankfurt was a rich city that accumulated wealth based on trade and financial services.
A bourse or stock market was organized in 1585 to establish fixed currency rates. In the succeeding years, Frankfurt continued to became a popular trading place. Along with the London Stock Exchange and the Paris Stock Exchange, the FSX became a prominent trading market for both local and international corporations.
After World War II, in 1949, the FSX was established as the leading stock exchange in Germany. International and national investments kept pouring in because of its reliability and efficiency.
In the 1990s, the FSXbecame a bourse for the Neuer Markt (New Market). It was part of the global dot-com boom. In 1993, the Frankfurt Stock Exchange became the Deutsche Börse AG.
Currently, the FSXhas a big share in the European market and has an estimated 90 percent of turnover in the German market. It was suppose to take over the London Stock Exchange since negotiations took place in 2002 and 2004. Yet, these negotiations were broken off twice.
Trading in the FSX runs from 9AM to 5:30PM.
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