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Management Board

Management Board of the Frankfurt Stock Exchange

As the executive body of Frankfurter Wertpapierbörse (FWB®, the Frankfurt Stock Exchange), an entity under public law, the Management Board is responsible for all tasks not expressly assigned to other exchange bodies.

The legal foundations for the activities of the Management Board are anchored in the Stock Exchange Act. In accordance with its provisions, the Management Board is responsible for managing the Frankfurt Stock Exchange. Individual executive tasks, assigned to the Management Board, include:

  • admission of persons and companies to exchange trading
  • decisions on the start, suspension, discontinuance and cessation of exchange trading
  • decisions on the price fixing of securities
  • definition of the organization and business procedures of the Frankfurt Stock Exchange
  • maintaining order on the trading floor premises

In line with the organisation model of a German stock corporation (Aktiengesellschaft) the management board is responsible for managing the exchange, whereas the Exchange Council is the responsible body for controlling and regulation. The management board of the exchange is responsible for managing the public services of an exchange and ensures that exchange-relevant laws, ordinances, standard terms and conditions and other regulations are implemented and complied with accordingly. In this context the Management Board may assign responsibility for the carrying out of these tasks to other persons.

As the executive body of the Frankfurt Stock Exchange, an institution under public law with partial legal capacity, the Management Board is a public administration authority. It may issue administrative acts addressed to third parties and is thus a public authority under administrative law.

Management Board

  • Hauke Stars (Chairperson)
  • Martin Reck (Deputy Chairperson)
  • Cord Gebhardt
  • Michael Krogmann