Frankfurter Wertpapierbörse (FWB, the Frankfurt Stock Exchange), owned and operated by Deutsche Börse AG, is the largest of seven German stock exchanges.
The Frankfurt Stock Exchange conducts trading on a physical trading floor and electronically via the Xetra® electronic trading system. Most trades, particularly those in large domestic shares and exchange-traded funds (ETFs), are done electronically, but orders in less liquid securities, smaller cap shares, foreign shares, investment funds and almost all bonds may trade on the specialist-supported Frankfurt floor.
Products traded on the Frankfurt Stock Exchange include equities, actively managed funds, exchange-traded funds (ETFs), exchange-traded commodities (ETCs), warrants and knock-outs, bonds and leverage products.
Eurex Clearing AG clears transactions executed at the Frankfurt Stock Exchange and enables the settlement of transactions in Clearstream Banking AG and other central security depositories.