Market segments by German law

In Europe, there are two points of access to the capital market: access via markets regulated by the EU (EU-regulated markets) and access via markets regulated by the stock exchanges themselves (regulated unofficial markets). At Frankfurter Wertpapierbörse (FWB®, the Frankfurt Stock Exchange), a listing on the EU-regulated Market, the Regulated Market leads to the General Standard or its Prime Standard segment, while admission to trading on the Regulated Unofficial Market leads to the Open Market on the other hand, can lead into the First Quotation Board or Entry Standard.