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The Frankfurt Stock ExchangeThe Frankfurt Stock exchange is the most important of Germany's eight regional stock exchanges. Trading is via a traditional floor based auction system. Trading in German equities also happens via a order driven and matching system which is known as Xetra. It is this for which the exchange is best known - Xetra Dax 100 is the name of the most important Frankfurt Stock Exchange Index. On the trading floors, specialists trade the larger stocks. The Xetra system is available for every listed company. Orders are input by brokers in a pre-trading phase which is then followed by a call phase. This is known as the price discovery period. After this time, continuous trading occurs and is then completed with a closing call phase. The official settlement period is T+2, though many overseas investors will settle at T+3. Clearstream acts as a clearing house for all German trades in equities. Since the creation of the euro currency, all German listings are quoted in euros. Would you like to learn more about trading? You would? Great! Then please click here for an excellent
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