Historical Review of the Stock Market. 16th century-: Appearance of the German Stock Exchanges in the Netherlands, in Italy, France and England. Nuremberg and Augsburg considered the most important commercial centers in Germany.
9th to 15th century: Emperor Ludwig granted the opportunity to hold fairs and became the most important center for commercial and monetary transactions "Hole of silver and gold"
Year 1,727 The first titles exchanged appeared, which were bills of exchange or commitment
Year 1,891 The Frankcfort Stock Exchange cedes its position to the Berlin Stock Exchange for the management of arbitration operations and placement of foreign issues.
Year 1.931 Franckfort Stock Exchange provisionally closes its doors
Year 1945 This bag was the first to start its activities again.
Year 1973 The stock exchange had 3,917 securities registered on the official listing.
DAX INDEX
It is the most important German stock index and measures the evolution of the values of the 30 most important public limited companies in Germany. The acronym corresponds to Deutschen Aktien Index, and stands as the benchmark index of the Frankfurt Stock Exchange, although there is also a DAX 100 comprising the one hundred largest liquids. The Xetra index includes approximately 5,500 shares, it also includes 10,700 warrants that are traded on the same technology platform.
FRANKFURT MARKET - XETRA
SCHEDULE
Continuous: 9:00 am to 5:30 pm
Xetra (Electronic): 9:00 am to 8:00 pm PRICES
Negotiation Euros.
The volume figures represent a double accounting of shares.
NEGOTIATION SYSTEM
In the XETRA electronic market the minimum order is 500 shares, which is why it is mainly used by institutional companies. Continuous market orders are traded in batches of 50.
SETTLEMENT
It takes place two days after the transaction
REQUIREMENTS FOR NEGOTIATION
- The issuer and a bank must fill out a questionnaire
- A prospect is published
- Minimum market value of 2.5 million marks
- Age of the purchase over 3 years - They must publish an annual report.
BIBLIOGRAPHY
- www.exchange.dewww.bvc.govwww.finanzasmundos.comwww.corbu.aq.upm.es World Stock Exchanges, Institute of Banking and Financial Studies.
