Open Market

Open Market

The Open Market (Freiverkehr) is a regulated exchange market and not an organised market in the meaning of the German Securities Trading Act (section 2 para. 5 WpHG). Unlike the Regulated Market, which is subject to public law, the Open Market is subject to private law. The General Terms and Conditions of Deutsche Börse AG for the Regulated Open Market (Freiverkehr) on Frankfurter Wertpapierbörse (FWB®) regulate the conditions for admission to and the follow-up duties for securities in the Open Market segment. Admission to the Open Market is possible for securities that are neither admitted to trading on the Regulated Market nor included in trading on the Regulated Market. In the Open market segments of the FWB®, the Frankfurt Stock Exchange, alongside German shares, it is primarily foreign shares, German and foreign bonds, certificates and warrants that are traded. Equities from over 60 different countries are traded in the Open Market segment.

Issuers and participants in the Open Market are subject to lower transparency requirements than in the Regulated Market. The Open Market segment is therefore an attractive alternative for both young, growth-oriented and medium-sized companies.

The step-by-step route to an exchange listing

Our IPO line gives you a clear impression of all the important steps when going public through to first price determination. They include amongst other things the selection of the issue partners, developing the issue concept, compiling all the necessary documents, placement, and admission to / commencement of trading in your company’s securities.

Additional Information


We assist you in optimally preparing your IPO – simply contact us at:

Capital Markets Team


+49-(0) 69-2 11-11 88 0