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Economy of Frankfurt


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wer in the financial district, the only skyscaper in Frankfurt with an observation desk open to the public.

DekaBank is the central Asset manager of the Sparkassen in Germany. The Headquarters of DekaBank are located at the Trianon skyscraper at Mainzer Landstra�e.

ING Diba Germany is the largest direct bank in Germany, headquartered in Bockenheim.

Other major German banks include Frankfurter Volksbank, the second-largest Volksbank in Germany, Frankfurter Sparkasse and old-established private banks such as Bankhaus Metzler, Hauck & Aufh�user and Delbr�ck Bethmann Maffei.

A lot of international banks have a registered or a representative office in Frakfurt, e.g. Credit Suisse, UBS, Bank of America, Morgan Stanley, Goldman Sachs, Merrill Lynch, JPMorgan Chase & Co., Bank of China, Soci�t� G�n�rale, BNP Paribas, SEB, Royal Bank of Scotland and Barclays.

The roots of the Frankfurt Stock Exchange (Frankfurter Wertpapierb�rse) can be traced back to the 9th century and 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 in the German stock market and is the third-largest in Europe after the London Stock Exchange and the European branch of the NYSE Euronext. The most important stock market index in Frankfurt 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 Deutsche B�rse, which is itself listed in the DAX. Deutsche B�rse also owns the European futures exchange Eurex and the clearing company Clearstream. Today, trading takes place exclusively via the Xetra trading system, with redundant floor brokers taking on the role of market-makers on the new platform.

Since February 2011 Deutsche B�rse is in negotiations with NYSE Euronext to merge and become the largest single
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