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Deutsche Börse AG turns 25

Deutsche Börse was founded as a stock corporation in December 1992, this date marks the start of the digitisation of the entire exchange value chain.

11 December 2017. Frankfurt (Börse Frankfurt). Deutsche Börse AG celebrates its 25 anniversary on the trading floor of the Frankfurt Stock Exchange on Monday. Numerous clients, regulators, former executive board and supervisory board members as well as employees join the bell-ringing ceremony to honour this anniversary.

On 11 December 1992, the former owners of the three independent companies – Frankfurter Wertpapierbörse AG, DTB Deutsche Terminbörse GmbH and Deutsche Kassenverein AG – opted to merge their businesses. The merger became effective on 1 January 1993, marking the foundation of Deutsche Börse AG. This created an integrated market infrastructure provider in Frankfurt and in Germany for the first time.

“European harmonisation plus digitisation were and are the cornerstones on which financial centre Frankfurt has been built. In the 1990s, the creation of Deutsche Börse as AG laid the foundation for boosting the financial centre’s international significance to a level corresponding to the important role the German real economy plays in Europe,” summarized Lutz Raettig, Chairman of the Supervisory Board of Morgan Stanley Bank AG and former Chairman of the Exchange Council of the Frankfurt Stock Exchange for many years, in his laudatory speech.

“Over the past 25 years, Deutsche Börse has developed into Europe’s most important financial market infrastructure provider by far. The driving force behind this achievement was and is our vertically integrated business model that rests on efficient technology in all areas. On this basis we expanded globally and extended our business to include a wide variety of asset classes,” said Andreas Preuss, Deputy CEO of Deutsche Börse AG.
Some of the most important milestones in the company’s history are:

  • Launch of electronic trading system Xetra as an equities trading platform in 1997
  • Foundation of Eurex in 1998 as a merger of Deutsche Terminbörse AG (DTB) and the Swiss futures exchange Soffex to create Europe’s largest futures exchange,
  • Deutsche Börse AG’s IPO in February 2001 and inclusion of its share in the DAX blue chip index in 2002,
  • Introduction of a central counterparty, first on the futures exchange in the 1990s and for Xetra in 2003,
  • Merger of the German post-trading business with Luxembourg Cedel and subsequent 100% takeover of Clearstream in 2002,
  • Foundation along with partners of STOXX index provider and full ownership acquired in 2015;
  • Entry into foreign exchange with the takeover of Germany’s most successful fintech company 360T in 2015.

Photo Source: Deutsche Börse

British EU Referendum: Possibly the biggest political decision in a generation

In the eyes of Germany’s Federal Minister of Finance Dr. Wolfgang Schäuble, the up-coming referendum on EU membership is possibly the biggest political decision facing the citizens of the UK in a generation of more. Minister Schäuble expressed this in his keynote address at the Frankfurt Finance Summit. He advocated for the UK to remain in the EU, but explained that there would not be any further concessions made. If the UK were to decide for a Brexit, the exit phase would begin immediately. He also explained that the government would not campaign for the headquarters of Deutsche Börse to remain in Germany in the case of a merger with the London Stock Exchange. This will also hold in the case of a Brexit.

Watch Dr. Schäuble’s entire address below.

Successful market launch of CEINEX

CEINEX Launch ceremony with Chinese ambassador and the CEOs of SSE and Deutsche Börse

China Europe International Exchange (CEINEX), the joint venture of Shanghai Stock Exchange (SSE), Deutsche Börse and China Financial Futures Exchange (CFFEX) was successfully launched today in Frankfurt. First trades have already taken place in the first hours of market operations.

At 9 a.m. CET, the executive board members of CEINEX, Han Chen (Co-CEO) and Jianhong Wu (Board Member) opened the new market place with a bell ringing at the Trading Floor of the Frankfurt Stock Exchange. The launch ceremony took place in the presence of the Chinese ambassador Mr Shi Mingde and CEOs of the owners: Mr Huang Hongyuan, President of Shanghai Stock Exchange, and Mr Carsten Kengeter, CEO of Deutsche Börse AG. Read more