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Business areas

Deutsche Börse Group: an overview Our business areas

As an international exchange organisation and innovative market infrastructure provider, Deutsche Börse Group offers its customers a wide range of products, services and technologies covering the entire value chain of financial markets. 

Its business areas include the provision of index and analytics solutions, trading and clearing services for investment instruments, securities settlement and custody, collateral and liquidity management, and investment fund services. In addition, the Group develops state-of-the-art IT solutions and offers IT systems all over the world.

Pre-trading

To be successful on the capital markets, institutional and retail investors alike rely on up-to-the-minute, accurate information. Deutsche Börse Group assists its clients around the world in their investment decisions by providing a wide range of intelligent, data-driven products and index families. This includes offerings that facilitate proactive sustainable investment.

Index business
Through its subsidiary Qontigo, Deutsche Börse Group offers an innovative range of index and analytics products with global coverage, including STOXX® and DAX®

Indices are licensed to financial products issuers, capital owners and asset managers. The entire index family includes over 10,000 strictly rules-based and transparent indices.

Our brands: AxiomaDAX®, QontigoSTOXX®

Analytics business
The Axioma range of investment management solutions consists of market-leading portfolio and risk analytics software solutions, covering multi-asset enterprise risk management, portfolio construction, performance attribution and regulatory reporting.

Our brand: AxiomaQontigo

Trading & clearing

The trading and clearing of investment instruments are at the heart of capital market activities. Deutsche Börse Group organises and operates regulated markets for securities, derivatives, commodities, currencies and other asset classes including the dissemination of market data. To reduce default risk for buyers and sellers alike, fulfilment of closed transactions is ensured by the Group’s clearing houses.

Financial derivatives
Derivatives can be used to mitigate market and price risk, known as “hedging”. It improves planning certainty not only for companies but for all market participants and by doing so boosts macroeconomic growth. 

Deutsche Börse’s Eurex is the marketplace of choice for the derivatives community worldwide. It offers a broad range of international benchmark products and operates the most liquid fixed-income markets in the world.

Commodities
Commodity prices are often highly volatile, but such price swings can be hedged using derivatives. 

Deutsche Börse’s EEX Group provides its participants with a market platform for energy and commodity products in more than 30 countries worldwide. The offer comprises energy, environmental, freight, metal and agricultural contracts. EEX answers customer needs with tailor-made solutions and easy market access. Two clearing houses ensure proper clearing and settlement of trading transactions.

Foreign exchange (FX)
The currency market is one of the most actively traded financial markets in the world.

Deutsche Börse Group’s subsidiary 360T is the leading global provider of web-based trading technology enabling clients to trade over-the-counter (OTC) financial instruments, particularly foreign-exchange (FX) and short-term money market products, as well as FX and interest rate derivatives.

Our brands: 360T®

Cash equities
Deutsche Börse Group operates the Frankfurter Wertpapierbörse (FWB®, the Frankfurt Stock Exchange). Its trading venue Xetra® is the global reference market for German stocks and the European number one for trading exchange-traded funds (ETFs). 

Deutsche Börse Group also offers a variety of segments and transparency standards for the admission and listing of securities of large companies and SMEs. Pre-market initiatives round off these services. In this way, Deutsche Börse Group makes a significant contribution to financing the real economy and to promoting innovation in Germany and Europe.

Post-trading

Once assets have been settled correctly, they are held in safe custody. 

Clearstream administers assets throughout the period for which they are held, offering services such as the handling of corporate actions and dividend payments – across all types of securities. Moreover, comprehensive reporting and the segregation of collateral margins allow market participants to efficiently comply with their regulatory obligations. 

Clearstream is developing and adopting solutions based on new technology – such as DLT/blockchain, robotics and automation processes – to its existing technology environment and has launched services in production together with best-in-class partners. 

Post-trading (settlement, custody, collateral and liquidity management)
Ensuring securities are correctly settled (i.e. credited to the accounts concerned) and held in safe custody for banks and their clients is crucial for reliable capital market operations. 

Clearstream operates Germany’s central securities depository (CSD) – the largest CSD (measured in terms of volume) in the eurozone –, Luxembourg’s CSD and one of the two international central securities depositories (ICSDs). 

Collateral and liquidity management lead to gains in market efficiency and liquidity. Deutsche Börse Group offers services for global securities financing and collateral management, as well as collateralised money market transactions, repo and securities lending. This allows clients to optimally leverage the various securities in their accounts.

Investment fund services
Clearstream delivers investment fund services (IFS) built on asset safety and distribution efficiency. The Vestima® fund processing platform provides access to all fund types from mutual funds to ETFs and hedge funds. Clearstream offers customers direct access to local domiciled funds in 48 fund jurisdictions worldwide. Clearstream also offers fund distribution support services for asset managers and fund distributors worldwide.

Our brands: Clearstream, Vestima®

Information technology

Market infrastructure exchanges are, first and foremost, technology businesses. State-of-the-art IT solutions are at the heart of all Deutsche Börse Group offerings – in pre-trading, trading, and post-trading alike. 

Reliability – i.e. the continuous operation of all its systems – is the top priority. Without this, there would be no transparent pricing or safe custody. 

Deutsche Börse Group is adopting innovative approaches to enhancing its systems: it is constructing a secure cloud infrastructure being compliant with regulatory requirements for the financial industry. In addition, the Group is focussing on building up new technologies such as automation, big data analytics and DLT. The aim is to further strengthen our position as one of the leading technology provider for our capital market infrastructure businesses.

Our brands: Deutsche Börse, 7 Market Technology®: A7®, C7®, F7®, M7®, N7®, T7®