Editing Frankfurt (section)

===Frankfurt Stock Exchange===
{{main|Frankfurt Stock Exchange}}
[[File:Bulle und Bär Frankfurt.jpg|thumb|[[Market trend|Bull and bear]] in front of the Frankfurt Stock Exchange]]
The Frankfurt Stock Exchange (''Frankfurter Wertpapierbörse'') began in the ninth century. By the 16th century Frankfurt had developed into an important European hub for trade fairs and financial services. Today the Frankfurt Stock Exchange is by far the largest in Germany, with a turnover of more than 90 percent of the German [[stock market]] and is the third-largest in Europe after the [[London Stock Exchange|London]] and the [[Euronext Paris|Paris]]. The most important [[stock market index]] is the [[DAX]], the index of the 30 largest German business companies listed at the stock exchange. The stock exchange is owned and operated by {{Lang|de|[[Deutsche Börse]]|italic=no}}, which is itself listed in the DAX. Deutsche Börse also owns the European [[futures exchange]] [[Eurex]] and clearing company [[Clearstream]]. Trading takes place exclusively via the [[Xetra (trading system)|Xetra trading system]], with redundant floor brokers taking on the role of market-makers on the new platform.

On 1 February 2012 European Commission blocked the proposed merger of Deutsche Börse and [[New York Stock Exchange|NYSE Euronext]]. "The merger between Deutsche Börse and NYSE Euronext would have led to a near-monopoly in European financial derivatives worldwide. These markets are at the heart of the financial system and it is crucial for the whole European economy that they remain competitive. We tried to find a solution, but the remedies offered fell far short of resolving the concerns."<ref>{{cite web |url=http://europa.eu/rapid/press-release_IP-12-94_en.htm |website=europa.eu |title=Mergers: Commission blocks proposed merger between Deutsche Börse and NYSE Euronext, European Commission – Press release |access-date=19 February 2017 |archive-url=https://web.archive.org/web/20170220020112/http://europa.eu/rapid/press-release_IP-12-94_en.htm |archive-date=20 February 2017 |url-status=live}}</ref> European competition commissioner [[Joaquín Almunia]] said.

It is located downtown at the Börsenplatz. Deutsche Börse's headquarters are formally registered in Frankfurt, but it moved most of its employees to a high-rise called "The Cube" in [[Eschborn]] in 2010, primarily due to significantly lower local [[corporate tax]]es.