In the 9th century, the foundation of ‘Frankfurt Stock Exchange’ was laid. Frankfurt had developed into an important European hub for financial services and trades by the 16th century. The Frankfurt Stock Exchange market is by far the largest in Germany today, also being the third largest in Europe; it has revenue of more than 90 percent of the German stock market.
The DAX is the most important stock market index which contains 30 largest German business companies listed at the stock exchange. Deutsche Borse is listed in the DAX which operates and owns the Stock Exchange. It also owns clearing company Clearstream and the European futures exchange Eurex. The Xetra trading system helps to trade exclusively.
European Commission blocked the proposed merger of NYSE Euronext and Deutsche Borse on February 1st, 2012. In European financial derivatives worldwide, the merger between NYSE Euronext and Deutsche Borse would have led to near-monopoly. It is crucial for the whole European economy that these markets, being the heart of the financial system, remain competitive.
Once, European competition commissioner Jaoquin Almunia said,”We tried to find a solution, but the remedies offered fell far less of resolving the concerns”.
Frankfurt Trade Fair
This trade fair, with a total of 578,000 square meters has the world’s largest exhibition site. The trade fair premises are located in the western part between the Gallus district, Bockenheim and the Westend. It has outdoor space of 96,078 square meters and contains ten exhibition halls with a total of 321,754 square meters.
The world’s largest plant engineering fair, the world’s largest book fair, the world’s largest auto show, the world’s largest consumer book fair and many more like Tendence Lifestyle or Light Building, Christmasworld, Paperworld and Beautyworld, all are hosted in Frankfurt.
Messe Frankfurt GmbH is one of the largest trade fair companies in over 150 countries with commercial activities. This company organized and operated 87 exhibitions in 51 foreign countries in 2010.
From 1991 to 1997, the landmark building of the trade fair remained the tallest building in Europe. It is located on the so-called city entrance which is on the north-east corner of the trade fair premises. Despite the name, it serves as an office tower and is not used for exhibition.
Frankfurt has one of the busiest airports in the world and it also has over 500 companies which employed 71,500 people in 2010.
As we can see, Frankfurt’s business conditions are far more secure and successful than any other place in Germany.
While touring the city, book yourself a room in any one of the finest hotels in Europe. Frankfurt hotels are cheap and that’s all you need.
For example, the moxy hotels in Frankfurt.