Deutsche Börse
The company behind the Frankfurt Stock Exchange and the DAX.
52-week range
As of 5 Oct 2026, 17:36What does Deutsche Börse do?
Deutsche Börse runs trading venues such as Xetra and the derivatives exchange Eurex. It makes sure trades are settled safely and, through Clearstream, holds securities for banks. It also sells software to fund managers and runs indices like the DAX, earning money at almost every step of a securities trade.
When you buy shares or ETFs on Xetra, it runs through Deutsche Börse, and one of its subsidiaries calculates the DAX.
How Deutsche Börse makes money
- Trading & clearing (Xetra, Eurex)42 %
- Securities custody (Clearstream)27 %
- Software & indices (SimCorp, STOXX)22 %
- Fund services9 %
Strengths
- An exchange is very hard to copy: traders go where everyone else already trades.
- Turbulent markets often bring more trading and therefore more fees.
- Record year 2025: net revenue rose to about 6 billion euros, and by 9 percent excluding interest income.
Risks
- Quiet markets with little trading and falling interest rates reduce income.
- Strict regulation can limit fees and business models.
- Big acquisitions such as SimCorp still have to pay off.
- Founded
- 1992
- Headquarters
- Eschborn, near Frankfurt
- Employees
- about 16,500
What if you had invested in Deutsche Börse earlier?
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This page explains the company and is not a recommendation to buy or sell.