Börse Frankfurt

What Börse Frankfurt does

Börse Frankfurt is the Frankfurt Stock Exchange and one of two cash market (Kassamarkt) venues operated by Deutsche Börse AG (publicly listed, ticker DB1 on the DAX), the other being the Xetra electronic platform. The venue trades approximately 900 stocks, around 3,000 ETFs/ETPs, all listed bonds, certificates, leverage products, and actively managed funds, with roughly 1.5 million securities tracked across its instruments. Trading is conducted both on the traditional Frankfurt floor (Parkett), where seven securities trading banks act as specialists (Spezialisten) maintaining dedicated order books and providing continuous bid/ask quotes, and via the electronic Xetra platform, which serves approximately 200 international banks as participants. Retail investors access the venue only indirectly through classical banks, online banks, discount brokers, and neo-brokers; the exchange does not provide direct retail trading access.

The underlying technology is the Xetra electronic trading system with transparent order books viewable by all participants including retail investors via the internet, complemented by the Frankfurt floor's specialist-maintained order books. Distribution to end investors is delivered through a content-rich digital surface — live.deutsche-boerse.com — supplemented by mobile apps on iOS and Android, RSS feeds, podcasts, a newsletter, and educational resources including the Börsenlexikon financial glossary and handbook publications. Charts on the consumer site are powered by TradingView. The venue sits inside Deutsche Börse Group's integrated value chain spanning index calculation (DAX and other German blue-chip indices), trading, market data distribution (via the Market Data + Services division and the Deutsche Börse Data Shop), clearing, settlement, and custody, alongside sister venues Eurex (derivatives) and the Xetra-Gold exchange-traded commodity.

Revenue is generated through a transaction and licensing model: trading/transaction fees charged to participating banks on Xetra and Frankfurt, listing fees from securities issuers, market data licensing (real-time and historical) to data vendors and professional subscribers, and index licensing (including the DAX family) supporting derivatives and passive investment products. The exchange does not set retail pricing — end-investor trading costs are determined by the banks and brokers that route orders to the venue. Customer segments include commercial and investment banks, the seven securities trading banks acting as specialists (predecessors were called Skontroführer and before 2003 Kursmakler), designated sponsors and market makers providing continuous liquidity on behalf of issuers, ETF issuers and fund providers, and — indirectly via their banks — retail investors.

Name

Börse Frankfurt

Legal name

Deutsche Börse AG

Website

https://boerse-frankfurt.de

Company type

Public

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Börse Frankfurt is the Frankfurt Stock Exchange, a German cash market (Kassamarkt) venue operated by Deutsche Börse AG alongside Xetra, serving ~200 international banks, seven specialist securities trading banks, designated sponsors, issuers, and indirectly retail investors via bank and broker channels across ~1.5 million securities.

Ownership category

akta.pro rank

Headquarters

HQ city

Frankfurt

HQ country

Germany

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales, Others

Revenue model

1. Transaction/Trading Fees: Fees charged to banks and trading participants for order execution on Xetra and Frankfurt trading venues. The exact fee structure depends on factors such as asset class and the bank's chosen fee model. Banks pass on or subsidize these fees differently to end customers.
2. Market Data Services: Distribution of real-time and historical market data, index values, and price information through Market Data + Services division. Data vendors subscribe to price feeds for redistribution.
3. Listing Fees: Revenue from securities issuers for listing and trading admission on Frankfurt and Xetra markets.
4. Indices and Benchmark Services: Index calculation and provision services including DAX and other German blue-chip indices, supporting derivatives and passive investment products.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

Börse Frankfurt operates as one of the two cash market venues of Deutsche Börse Group, providing trading infrastructure for approximately 1.5 million securities including stocks, bonds, ETFs/ETPs, funds, commodities, and certificates. The exchange combines traditional floor trading with specialist order book management and the electronic Xetra platform, charging transaction fees to participating banks and offering listing, market data, and index services to issuers and data vendors.

Product overview

Börse Frankfurt operates as part of the Deutsche Börse Group, a unified platform-plus-modules offering spanning cash equities, derivatives, market data, and financial education. The core products are the Frankfurt Stock Exchange (Open Market) and the Xetra electronic trading platform — both Kassamarkt (cash market) venues — alongside the Eurex derivatives and futures market. The group also operates Xetra-Gold, a gold-backed exchange-traded commodity. The digital platform live.deutsche-boerse.com provides retail investors with market access tools including Watchlist and Portfolio tracking, real-time data services (Xetra Realtime), and a mobile app (Börse Frankfurt App). The Market Data + Services division and its Deutsche Börse Data Shop distribute real-time and historical market data professionally. Educational offerings include the Börsenlexikon (financial glossary) and Publications (handbooks). Together these products cover the full value chain: trading infrastructure, securities access, market data distribution, and investor education.

Differentiator

Problem solved

Functional benefit

Products and services

• Börse Frankfurt (Frankfurt Stock Exchange)

Quantifiable outcome

• 1.5 million securities tradable across Xetra and Frankfurt markets
• +1 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Six partnerships are on record, tiered core.

• Xetra Participants (International Banks)coreChannel Partner/ Reseller/ DistributorApproximately 200 international banks participate in the Xetra electronic trading platform as market participants, executing trades on behalf of their clients and providing market liquidity.
• EurexcoreTechnology or IntegrationEurex is the derivatives exchange operated by Deutsche Börse Group, offering futures and options trading. Listed as one of the Group's market places alongside Frankfurt and Xetra.
• Xetra-GoldcoreTechnology or IntegrationXetra-Gold is a precious metals product backed by physical gold, traded on the Deutsche Börse markets. Provides gold investment access through the exchange infrastructure.
• Baader BankcoreChannel Partner/ Reseller/ DistributorBaader Bank is one of two securities trading banks in the fund market that determines current prices and facilitates subscription and redemption of fund shares traded on Frankfurt.
• ICF BankcoreChannel Partner/ Reseller/ DistributorICF Bank is one of two securities trading banks in the fund market that determines current prices and facilitates subscription and redemption of fund shares traded on Frankfurt.
• Securities Trading Banks (Spezialisten)coreChannel Partner/ Reseller/ DistributorSeven securities trading banks act as specialists on the Frankfurt floor, maintaining order books for approximately 1.5 million securities, setting bid/ask prices, managing stop orders, and monitoring order executions. These are the Frankfurt market makers.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Euronext: Euronext operates pan-European cash equities and ETF venues across Amsterdam, Paris, Brussels, Dublin, Lisbon, Milan, and Oslo. It is the most direct competitor to Börse Frankfurt in European equity listings and trading, with overlapping issuer and trading-partner ecosystems.
• Nasdaq Nordic: Nasdaq operates cash equities exchanges in Copenhagen, Helsinki, Iceland, and Stockholm. Direct competitor in Northern European equity trading and listings, with overlapping designated sponsor/market maker ecosystems.
• London Stock Exchange Group: LSEG operates the London Stock Exchange and Borsa Italiana, plus Turquoise MTF, directly competing with Frankfurt for European equity listings, ETF trading, and fixed income. Comparable diversified exchange operator with similar index/data franchises.
• SIX Swiss Exchange: SIX operates the Swiss cash equity and ETF venue alongside post-trade and market data services. Comparable vertically integrated exchange operator competing for cross-border European listings and ETF flows.

Broad incumbents

• Intercontinental Exchange: ICE is a global exchange operator across equities, fixed income, and derivatives, with NYSE as its U.S. equity venue. Comparable in scale and product breadth, though its primary equities business is U.S.-centric.
• CME Group: CME Group is a leading global derivatives exchange operator. Comparable as part of the broader Deutsche Börse/Eurex competitive set, but primarily derivatives-focused rather than cash equities.

Emerging players

• Cboe Europe: Cboe Europe operates pan-European MTFs and a primary equities venue, competing directly with Xetra for lit order book share. Increasingly relevant challenger venue for European equities trading.

Regional players

• BME (Bolsas y Mercados Españoles): BME operates the Madrid, Barcelona, Bilbao, and Valencia stock exchanges. Regional European competitor with similar cash equities and ETF listings model, though not directly head-to-head in German securities.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/boersefrankfurt
• Facebookfacebook.com/boersefrankfurt
• LinkedInlinkedin.com/company/3265992

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Börse Frankfurt