By: suky_cospito
27 Dec 2003, 11:32 AM EST
Msg. 12494 of 12495
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Found while googling:
The Frankfurt Stock Exchange is the world's third largest organized exchange-trading market in terms of turnover and dealings in securities. It accounts for more than 85 percent of the total securities turnover in Germany and is the largest of the eight German stock exchanges. It ranks third in the world behind NYSE and NASDAQ markets. Since the launch of XETRA it has offered its clients not only floor trading through brokers but also fully-electronic trading facilities, whereby orders from any point in the globe are automatically inputted into the order book on the central computer.
The Berlin Stock Exchange has recently joined forces with the NASDAQ Europe and has the largest market for offshore securities in the world. The Berlin Unofficial Regulated Market lists over 10,000 international securities from over 60 countries. This unique variety gives the Berlin Stock Exchange an unrivaled position -- not only in Germany, but also in the international area.
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Frankfurt is Germany's leading stock exchange, with a total annual volume in excess of almost 4 Trillion USD. In today's markets, the Frankfurt Stock Exchange has consolidated its position as the world's third largest securities trading center organized as a stock market.
One of Frankfurt Stock Exchange's core competences is developing markets and market segments tailored specifically to the needs of particular types of corporation. In addition to the three statutory market segments - first-segment, second-segment and regulated unofficial market - it has also set up an independent segments organised under private law: DAX, MDAX, SMAX and Neuer Markt. U.S. stocks are traded in the "Xetra US Stars" quality segment. All these segments entail stringent corporate transparency requirements
Inclusion in an index such as DAX or MDAX depends on a corporation meeting special requirements in terms of market capitalisation and trading volume on the exchanges.
In SMAX, Deutsche Börse has created a quality segment geared to the specific needs of smaller listed companies, from industry sectors typically the domain of mid-sized businesses Neuer Markt is geared to young companies offering innovative products and a pronounced risk/return profile. It is an independent trading segment with especially strict disclosure and liquidity standards.
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In it's basic structure, the Berlin Stock Exchange - with the three market segments Official Trading, Regulated Market, and Over-the-counter Market - does not differ from the other German stock exchanges. In Berlin, however, the OTC market has gained a special degree of relevance. Here, by implementing flexible legal regulations the legislator has enabled the exchange to present itself with a characteristic profile. The Berlin Stock Exchange has seized hold of this opportunity and in recent years has created a unique offer of international securities for the investor in this market segment:
The Berlin OTC market lists the shares of the most important and interesting companies of the world - among them surely some that will move the exchange world in the future, too. Over 10,000 international securities - shares from over 60 countries - can be traded in Berlin. This unique variety gives the Berlin Stock Exchange an unrivaled position - not only in Germany, but in the international area, too: nowhere else do investors have a larger selection of international securities to choose from than in Berlin.
The main pillar of the range of stocks on offer in Berlin are the roughly 6,000 American securities, with every important American company being listed on the Berlin Stock Exchange list. The unique feature here is the range of growth stocks: as the only stock exchange apart from the NASDAQ itself, since August 1999 the Berlin Stock Exchange offers the complete range of the American NASDAQ growth exchange.
By concentrating of the OTC market, the Berlin Stock Exchange has gone one important step towards fulfilling the wishes of the private investors, one that has been very well received. New trading hours from 9.00 am through to 8.00 pm CET enable the informed investor to react even more directly and swiftly to events at foreign stock exchanges.
The innovativeness in particular of the Berlin OTC marketplace and an appropriate emphasis on foreign growth stocks, young technology-oriented German companies, and also eastern European securities attract market participants from all over the world. The number of banks and financial institutes with licenses for the Berlin Stock Exchange has increased almost threefold, from 38 in 1993 to the current figure of 109. The number of authorized independent brokers has also risen. While there are four stockbrokers or stockbroking companies who take care of the official trading, a total of 34 independent brokers and broker companies attend to the regulated market and the OTC market.
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(Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating- Strong Buy)
AI
