The FWB was founded over four hundred years ago in 1585. The FWB is operated by Deutsche Börse AG. According to exchange data, 45 percent of Europe's top 300 companies have their primary listing on the London or Frankfurt exchanges. The Frankfurt Stock Exchange (FWB) is by far the largest of the eight German stock exchanges. It ranks third in the world behind NYSE and NASDAQ. Since the launch of Xetra, its electronic trading platform, 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
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