Dictionary of Finance and Investment Terms: Frankfurt Stock Exchange (FWB)
Frankfurt Stock Exchange (FWB)
The largest of eight German securities exchanges operated by Deutsche Borse AG. The exchange has more than 300 market participants, and it is the world's third-largest securities exchange in terms of turnover and dealings. It accounts for more than 85% of Germany's securities turnover. The exchange uses the Xetra computerized trading system, originally for German and cross-border trading in Frankfurt. It features other electronic systems and traditional floor trading. The DAX Share Index is its benchmark index of securities. Settlement is T+2. Trading hours are 9 A.M. to 5:30 P.M., Monday through Friday. www.deutsche-borse.com.
