Instruments/asset classes/products

A world of financial instruments

With its wide range of trading venues, Deutsche Börse Group offers trading participants and investors an enormous variety of tradable instruments and products to best meet their trading and investment needs.

Cash market asset classes

Shares, ETFs and Co.

Deutsche Börse Group offers a wide variety of asset classes on its various cash markets.

Shares/equities

A security that represents a unit of ownership in a company. Shares can be traded at Deutsche Börse Group on Xetra and at Börse Frankfurt.

Xetra

Xetra® is the reference market for exchange trading in German shares. No other exchange in the world achieves greater turnover at fairer market prices in these securities. More than 90 per cent of all share trading at all German exchanges is transacted through Xetra. With regard to DAX® listings, Xetra even has over 60 per cent market share throughout Europe. In total, around 1.200 shares, are tradable on Xetra.

Börse Frankfurt

At Börse Frankfurt (Frankfurt Stock Exchange), investors can buy and sell more than 1.6 million securities of German and international issuers, more than at any other trading place in the world. These securities include around 13,500 shares.

Exchange-traded funds, exchange-traded products

Exchange-traded funds (ETFs) pursue a passive investment strategy. They aim to track the performance of an underlying index as precisely as possible. Active ETFs pursue an active investment strategy, which may aim at outperforming a reference index or replicating the performance of a reference index with a variable participation rate. Exchange-traded products are divided into ETCs (commodities) and ETNs (notes). ETFs, ETCs and ETNs allow investors to track the performance of an underlying (index, commodity or debt securities) as precisely as possible, making entire markets easily tradable as a share.

Xetra

More than 2,000 exchange-traded funds (ETFs), exchange-traded commodities (ETCs) and exchange-traded notes (ETNs) are tradable on Xetra. This includes more than 30 per cent of all on-exchange trading in ETFs in Europe.

Börse Frankfurt

With the very large number of ETFs and ETPs tradable, Börse Frankfurt offers various selectors to chose from the wide array on offer.

Bonds

Debt instruments that obligates the issuer to pay to the bondholder the principal plus interest.

Börse Frankfurt

The exchange offers trading in around 30,000 bonds.

Funds

The assets of an investment company that are invested in securities or real estate. They pool the assets of many investors and invest them in stocks, bonds, and other instruments, which enables investors to invest in a wide variety of instruments with a small amount of money.

Börse Frankfurt

More than 2,800 funds are tradable on the exchange.

Commodity spot market

The spot market optimises the delivery of energy and other commodities from 30 minutes up to two days in advance.

EEX Group

The power spot markets for Germany/Austria, Luxembourg, the United Kingdom, France, the Netherlands, Belgium and Switzerland are operated by the Paris-based EPEX SPOT.


The natural gas markets of EEX cover spot market products for the Austrian, Belgian, Danish, Dutch, French, German, Italian and UK gas market areas. On the emissions spot market, EEX conducts primary market auctions on behalf of the EU commission and the participating member states and on behalf of Germany and Poland, as well as secondary trading.

Certificates

Subheadline

A pre-packaged investment strategy based on derivatives, such as a single security, a basket of securities, options, indices, commodities, debt issuance or foreign currencies, and to a lesser extent, swaps.

Derivatives market products

Trade the benchmarks and hedge the future

The segment of an exchange in which derivatives, in particular futures and options, are traded.

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.

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.
 

Eurex

Interest rate derivatives

Financial instruments with a value that increases and decreases based on movements in interest rates, often used as a hedge to protect against changes in market interest rates. They make up one of the largest markets in the world. The majority of all listed and centrally cleared euro interest rate derivatives are traded on Eurex.

Equity derivatives

Equity derivatives are instruments with underlying assets based on equity securities. Its value fluctuates with changes in its underlying asset's equity, usually measured by share price. Eurex offers and options on individual equities, including more than 500 global companies. Thanks to the liquidity provider model, users can benefit from tight spreads and ample liquidity to hedge their market risk or pinpoint specific exposure to certain segments or companies. Eurex Single Stock Futures segments cover most of the STOXX® Europe 600 Index components and shares of major U.S. and Canadian companies.

Equity index derivatives

A derivative instrument with underlying assets based on an index. Its value fluctuates with changes in its underlying asset's equity, usually measured by the index level. Eurex with its global, Pan-European and national coverage, provides you with EURO STOXX 50® Index the leading benchmark in Europe.

Volatility derivatives

Volatility indices are a measure of expected stock market volatility, over a specific time period, conveyed by the prices of stock/index options. Eurex offers its clients derivatives in two variations, first on the VSTOXX to take a view on the implied volatility, whereas EUREX Variance Futures (EVAR), a special form of volatility derivatives, provide a clean and efficient way to hedge your share portfolio and benefit from short term movements on the capital market.

ETF & ETC derivatives

The ETF market has grown substantially over the last years. Therefore, Eurex established the broadest choice in ETF derivatives to give investors pinpoint hedging opportunities. The commodities (ETC) offering covers underlyings such as precious metals and energy.

Cryptocurrency derivatives

Trading cryptocurrencies is becoming increasingly popular among institutional and retail investors. Eurex offers Bitcoin derivatives through its established Eurex access with its trusted FTSE Russel underlying index. Being the first European exchange to launch Bitcoin index futures and its euro-denominated Bitcoin ETN Futures, Eurex enables participants to trade products without needing additional operational steps offering a regulated exchange via a cash-settled product. The trusted FTSE Russel underlying index through a centrally cleared trading solution, helps fitting your portfolio size optimally.

Skyscraper

FX derivatives

Eurex’s FX futures and options combine best-practice OTC market conventions with the transparency of exchange-traded derivatives. The joint liquidity pool of Eurex, Eurex Clearing and 360T enables trading of FX derivatives and choosing more than 2,000 products across nine asset classes on one single platform.

Repo market

Eurex Repo is a leading provider for international financing in the secured money market business (repo and securities lending). A wide range of international fixed income securities and equities can be traded in, for example, EUR, USD and CHF within the General Collateral (GC) and Special Repo segments.

Dividend derivatives

An instrument that provides the possibility to trade the separated dividend stream on a standalone basis. Eurex has been a pioneer in exchange-traded dividends since 2008 and has continually expanded its product portfolio. At first with index-based contracts and since 2010 with contracts on single stocks. It now offers dividend futures on over 80 of the largest Eurozone and pan-European companies.

Commodity derivatives

A strong argument for investing in commodities is the low or even negative correlation to asset classes, such as equities and bonds, which makes them an interesting and attractive addition to a portfolio. This makes these products in this asset class, such as commodity indices and ETCs, an interesting and attractive addition to your portfolio. In addition, this allows you to react even better to cyclical fluctuations.

EEX Group

© Copyright: European Energy Exchange AG

Power

On the EEX Group power derivatives markets, trading participants can hedge against future price change risks up to ten years in advance. Products for long-term power trading are available for more than 20 European market areas. EEX’s German Power Future is the benchmark contract for European power wholesale trading. In Asia, EEX offers clearing services for Japanese Power Futures. The offering is complemented by trading products for more than 1,000 contracts at hundreds of locations in the United States, listed on Nodal Exchange.

© Copyright: European Energy Exchange AG

Natural gas

EEX Group offer trading in natural gas contracts in 14 countries and 15 hubs across Europe. The product range covers spot, futures and options contracts for the major European gas hubs as well as trading in location spread products between these market areas and a Henry Hub natural gas contract, offered in the US market.

© Copyright: European Energy Exchange AG

Freight

EEX Group has been active in the Global Commodities segment since 2016, enabling customers to trade and clear a broad portfolio of globally traded products – mainly freight contracts – via EEX and EEX Asia.

© Copyright: European Energy Exchange AG

Environmental products

EEX Group offers a large product portfolio for environmental products. In Europe, EEX is the leading platform for primary auctioning for emission allowances under the EU Emissions Trading Scheme (ETS). In addition, it provides trading for the EU ETS secondary markets. In North America, Nodal Exchange offers trading in a wide range of environmental products (emission allowances and renewable certificates).

© Copyright: European Energy Exchange AG

Agricultural products

EEX's agricultural product offering comprises financially settled futures contracts on dairy products (futures on butter, skimmed milk powder, whey powder and liquid milk) and processing potatoes.

Foreign exchange (FX)

FX trading both on-exchange and OTC

Foreign exchange or forex (FX) is the market in which currencies are traded. The forex market is the largest and most liquid market in the world, with average traded values of over $6.6 trillion per day. It includes all of the currencies in the world.

Overview

  • 360T: mainly FX OTC financial instruments
  • Eurex: Rolling Spot Futures, FX futures and options
 

360T

360T®, Deutsche Börse Group’s foreign exchange trading arm, offers a multi-bank, multi-asset e-trading venue which enables clients to trade OTC financial instruments particularly foreign exchange (FX) and short term money market products, FX and interest rate derivatives, plus all of Eurex's FX futures. It provides banks, corporates, institutional traders and broker/dealers with FX trading solutions for professional buy- and sell-side participants, used by all OTC market segments around the globe.

Eurex

Our suite of FX derivatives, offering value dates from spot up to three years, and a choice of deliverable and non-deliverable contracts, allows you to effectively manage your FX exposures with listed FX products.

  • Rolling Spot Futures – an FX spot position that rolls each day until you close it
  • Classic FX Futures & Options – futures with fixed settlement dates: three serial calendar months, quarterly (Mar/Jun/Sep/Dec), bi-annually (Jun/Dec) and up to three years
Frankfurt/Main

Cash/spot market

A public financial market in which the settlement of a transaction – i.e. delivery, taking delivery, and payment – must take place within a short time after the transaction has been concluded. The home of share, ETF, bond, funds, structured products trading and more.

Derivatives market

The segment of an exchange in which derivatives, and in particular futures and options, are traded. Their uses: insure against price movements (hedging), increase exposure to price movements for speculation or get access to otherwise hard-to-trade assets or markets. The repo market is included here.

Foreign exchange (FX)

Foreign exchange or Forex (FX) is the market in which currencies are traded. The forex market is the largest, most liquid market in the world, with average traded values of over $6.6 trillion per day. It includes all of the currencies in the world.