Deutsche Börse Aktiengesellschaft
Company description
Deutsche Börse Aktiengesellschaft is a German stock corporation (Aktiengesellschaft) registered in the commercial register (Handelsregister) of the Frankfurt am Main district court under HRB 32232, with its registered office in Eschborn, Germany. According to the company’s own published corporate history, the entity was entered in the commercial register as Deutsche Börse AG on 16 December 1992, following a resolution of the general meeting of its predecessor, Frankfurter Wertpapierbörse AG, to change its name; that renaming coincided with the acquisition of Deutsche Terminbörse AG and Deutscher Kassenverein AG. This differs from the incorporation date currently held in Zavia.ai’s data card, which corresponds to 1990, the year Frankfurter Wertpapierbörse AG itself was first entered in the commercial register; that earlier date should not be treated as the incorporation date of the present legal entity without further registry confirmation.
Deutsche Börse Aktiengesellschaft is the parent company of Deutsche Börse Group, an international provider of financial-market infrastructure. Its principal activities span the operation of cash and derivatives trading venues, post-trade clearing, settlement and custody services, and market data, index and investment-management technology, delivered mainly through group entities. Group trading and clearing venues include the Frankfurt Stock Exchange (Frankfurter Wertpapierbörse) and its Xetra electronic trading system, the Eurex derivatives exchange and clearing house, and the European Energy Exchange (EEX). Post-trade services are provided through Clearstream, which offers securities settlement, custody and collateral management. Additional group businesses include 360T (foreign-exchange trading), ISS STOXX (index calculation and corporate-governance research) and SimCorp (investment-management software).
Deutsche Börse Aktiengesellschaft’s own shares are listed on the regulated market it operates, the Frankfurt Stock Exchange, and are admitted to trading on Xetra; the company is a constituent of the DAX index (ISIN DE0005810055, ticker DB1). As operator of the exchange on which its own shares trade and as a provider of clearing and settlement infrastructure used across German capital markets, the company is supervised by Germany’s Federal Financial Supervisory Authority (BaFin).
For financial year 2025, Deutsche Börse Group reported consolidated net revenue of €6,026 million, up 3% year-on-year (2024: €5,829 million), and net revenue excluding the treasury result of approximately €5.2 billion, up 9%; these are group-consolidated figures and are not necessarily representative of Deutsche Börse Aktiengesellschaft on an unconsolidated basis. In 2024, Deutsche Börse Group completed the acquisition of full ownership of SimCorp A/S, a Denmark-based provider of investment-management software, extending the group’s technology and asset-servicing offering beyond its traditional exchange, clearing and settlement businesses.
Sources
- Deutsche Börse AG, Company History — https://www.deutsche-boerse.com/dbg-en/about-us/deutsche-boerse-group/company-history, retrieved 25 September 2026.
- Deutsche Börse Group, Achieves Record Results in Financial Year 2025 (press release) — https://www.deutsche-boerse.com/dbg-en/media/news-stories/press-releases/Deutsche-B-rse-Group-Achieves-Record-Results-in-Financial-Year-2025-4948690, retrieved 25 September 2026.
- Handelsregister (German commercial register) — https://www.handelsregister.de, retrieved 25 September 2026.
- Company fundamentals
- Corporate linkage & group structures
- Digitized company financials
- Firmographics — websites, social profiles, revenue and employee estimates
Shareholders
5
Shareholders of Deutsche Börse Aktiengesellschaft
Deutsche Börse Aktiengesellschaft is a widely held, listed stock corporation with no controlling shareholder. Its shares trade on the regulated market of the Frankfurt Stock Exchange, and shareholdings are governed by the major-holdings notification regime under sections 33 et seq. of the German Securities Trading Act (Wertpapierhandelsgesetz, WpHG). Under this regime, investors must notify Deutsche Börse Aktiengesellschaft and the Federal Financial Supervisory Authority (BaFin) whenever their voting rights reach, exceed or fall below 3%, 5%, 10%, 15%, 20%, 25%, 30%, 50% or 75% of the company’s voting rights; only holdings at or above these thresholds are publicly disclosed, so the complete shareholder base is not published. As of the most recent notifications reviewed, the company’s share capital comprised 186,300,000 registered no-par-value shares.
The most recent verified major-holdings notification reviewed for this profile was filed by BlackRock, Inc. (Wilmington, Delaware, USA), which reported total voting rights of 7.94% in Deutsche Börse Aktiengesellschaft (7.69% held directly through shares and 0.26% held through financial instruments) following a threshold crossing on 13 August 2026, notified on 19 August 2026. Deutsche Börse Aktiengesellschaft also published further major-holdings notifications concerning Amundi S.A. (Paris, France) in late August 2026 and disclosures relating to its own treasury-share transactions in September 2026; the resulting percentage holdings from the Amundi notifications were not confirmed from the sources reviewed for this profile. No shareholder identified in these filings holds more than the BlackRock position described above.
Ultimate beneficial ownership
No natural person has been identified in official WpHG filings or company disclosures as a beneficial owner exceeding an applicable control threshold in Deutsche Börse Aktiengesellschaft. The disclosed major holders are institutional asset managers acting on behalf of diversified fund portfolios rather than controlling shareholders. Deutsche Börse Aktiengesellschaft is therefore treated as widely held, with no verified natural-person ultimate beneficial owner.
Data availability
Shareholder information for Deutsche Börse Aktiengesellschaft is classified as major shareholders only: publicly available data covers holders that have crossed a WpHG notification threshold, not the complete shareholder register. Zavia.ai’s internal shareholder record for this company lists a small, dated sample of fund-level positions (five records out of a stated total of fourteen) with percentage figures that do not correspond to the thresholds disclosed in official WpHG notifications; these internal figures should be treated as an incomplete, unverified sample rather than confirmed ownership stakes, and the WpHG notifications described above are the more reliable source.
Sources
- BaFin, Notification obligation for voting rights (WpHG) — https://www.bafin.de/EN/Aufsicht/BoersenMaerkte/Transparenz/InformationspflichtenEmittenten/BedeutendeStimmrechtsanteile/bedeutendestimmrechtsanteile_artikel_en.html, retrieved 25 September 2026.
- Deutsche Börse AG, Notifications of Major Holdings — https://www.deutsche-boerse.com/dbg-en/investor-relations/announcements-and-services/notifications-of-major-holdings, retrieved 25 September 2026.
- EQS News, BlackRock, Inc. voting-rights notification for Deutsche Börse AG, published 19 August 2026 — https://www.eqs-news.com/news/voting-rights/blackrock-inc-wilmington-delaware-united-states-of-america-usa/55809c61-2d95-44c5-80b5-7adc120f4cc2_en, retrieved 25 September 2026.
Registry feed — rows exactly as filed with Handelsregister (Commercial Register), including entries the profile above does not cover.
| Shareholder | Type | Holding | Source Document |
|---|---|---|---|
| Goldman Sachs TRT II-Goldman Sachs GQG Part. Intl Opportunities Fd. | 14.9% | Handelsregister (Commercial Register) | |
| MFS Series Trust XVII-MFS International Equity Fund | 11.9% | Handelsregister (Commercial Register) | |
| VANGUARD TAX-MANAGED FUNDS-Vanguard Developed Markets Index Fund | 10.3% | Handelsregister (Commercial Register) | |
| Paradigm Asset Management Company, LLC | 0% | Handelsregister (Commercial Register) | |
| Generali Investments Cee, Investicni Spolecnost, A.s. | 0% | Handelsregister (Commercial Register) |
Officers
453
Directors and officers of Deutsche Börse Aktiengesellschaft
As a German stock corporation, Deutsche Börse Aktiengesellschaft operates a two-tier board structure comprising a Vorstand (Executive Board) and an Aufsichtsrat (Supervisory Board). As of September 2026, the company’s own investor-relations disclosures list seven active Executive Board members and a sixteen-member Supervisory Board composed of eight shareholder representatives and eight employee representatives, consistent with German codetermination law. Zavia.ai’s internal officer record for this company contains 453 entries spanning appointments dating back to 2004, of which 167 are internally flagged as active and 286 as resigned; this internal status field is unreliable for determining current governance (for example, it records the current Chief Executive Officer’s appointment as “resigned” with no resignation date), so the roles and current composition below rely on the company’s own published governance pages rather than the internal status flags.
The current Executive Board members and their principal areas of responsibility are: Stephan Leithner (Chief Executive Officer; Executive Board member since July 2018, CEO since 1 January 2025); Christoph Böhm (Chief Information Officer / Chief Operating Officer; member since November 2018); Thomas Book (Trading & Clearing; member since July 2018); Stephanie Eckermann (Post-Trading; member since June 2024); Heike Eckert (People, Risk & Compliance, and Director of Labor Relations; member since July 2020); Christian Kromann (Investment Management Solutions; member since January 2025); and Jens Schulte (Chief Financial Officer; member since June 2025). The Supervisory Board is currently chaired by Clara-Christina Streit, with Markus Beck as Deputy Chair. Nationality is not disclosed for any board member in the sources reviewed for this profile.
Recent officer changes
- Jens Schulte was appointed Chief Financial Officer and Executive Board member, effective June 2025, succeeding Gregor Pottmeyer.
- Christian Kromann was appointed to the Executive Board with responsibility for Investment Management Solutions effective 1 January 2025, the same date on which Stephan Leithner became Chief Executive Officer.
- Clara-Christina Streit has chaired the Supervisory Board since 2025; she presided over the company’s Annual General Meeting as Chair for the first time in 2026.
Data availability
Germany’s two-tier board disclosure regime publishes the composition of the Vorstand and Aufsichtsrat through company investor-relations channels and the commercial register, but it does not generally require public disclosure of board members’ nationality or country of residence; these fields are marked “Not disclosed” in this profile. The internal historical officer dataset for this company is best treated as a legacy appointment log rather than a current register, given the unreliability of its status field noted above.
Sources
- Deutsche Börse AG, Executive Board — https://www.deutsche-boerse.com/dbg-en/investor-relations/corporate-governance/executive-board-overview, retrieved 25 September 2026.
- Deutsche Börse AG, Members of the Supervisory Board — https://www.deutsche-boerse.com/dbg-en/investor-relations/corporate-governance/supervisory-board/members-supervisory-board, retrieved 25 September 2026.
- Deutsche Börse AG, Highlights of Our Annual General Meeting 2026 — https://www.deutsche-boerse.com/dbg-en/media/news-stories/news-stories-insights/insights-corporate-en/Highlights-of-Our-Annual-General-Meeting-2026-5137678, retrieved 25 September 2026.
Registry feed — rows exactly as filed with Handelsregister (Commercial Register), including entries the profile above does not cover.
Group Structure
Group structure of Deutsche Börse Aktiengesellschaft
Deutsche Börse Aktiengesellschaft is the ultimate parent company of Deutsche Börse Group and has no publicly identified corporate parent of its own; it is a widely held, exchange-listed holding company. Zavia.ai’s internal corporate-linkage records, dated September 2026, list Deutsche Börse Aktiengesellschaft (HRB 32232, Frankfurt am Main) as the top entity of a large multi-jurisdictional group with dozens of direct and indirect subsidiaries spanning trading, clearing, settlement, index and technology businesses across Germany, Luxembourg, Switzerland, the United Kingdom, the United States, Denmark and other jurisdictions. Ownership and voting-control percentages between the parent and individual subsidiaries are not included in this internal dataset and have not been independently confirmed from external filings for this profile; they are therefore reported as not disclosed. The table below lists a representative selection of verified group entities identified by registration number, rather than the full structure.
Verified corporate relationships
| Entity | Country | Registration number | Relationship | Ownership | Status | Information date |
|---|---|---|---|---|---|---|
| Clearstream Holding AG | Germany | HRB 113395 (Frankfurt am Main) | Subsidiary | Ownership percentage not disclosed | Active | September 2026 |
| Clearstream Banking S.A. | Luxembourg | B9248 | Indirect subsidiary | Ownership percentage not disclosed | Active | September 2026 |
| Eurex Frankfurt Aktiengesellschaft | Germany | HRB 45817 (Frankfurt am Main) | Subsidiary | Ownership percentage not disclosed | Active | September 2026 |
| Eurex Clearing Aktiengesellschaft | Germany | HRB 44828 (Frankfurt am Main) | Indirect subsidiary | Ownership percentage not disclosed | Active | September 2026 |
| European Energy Exchange AG | Germany | HRB 18409 (Leipzig) | Indirect subsidiary | Ownership percentage not disclosed | Active | September 2026 |
| ISS STOXX GmbH | Germany | HRB 115044 (Frankfurt am Main) | Indirect subsidiary | Ownership percentage not disclosed | Active | September 2026 |
| 360 Treasury Systems AG | Germany | HRB 49874 (Frankfurt am Main) | Indirect subsidiary | Ownership percentage not disclosed | Active | September 2026 |
| SimCorp A/S | Denmark | 15505281 | Indirect subsidiary | Ownership percentage not disclosed | Active | September 2026 |
| Deutsche Börse Photography Foundation gemeinnützige GmbH | Germany | HRB 102690 (Frankfurt am Main) | Subsidiary (non-trading, charitable) | Ownership percentage not disclosed | Active | September 2026 |
Recent structural changes
- Deutsche Börse Group completed the acquisition of full ownership of SimCorp A/S, a Denmark-based investment-management software provider, in 2024, adding it to the group’s technology and asset-servicing businesses.
Data availability
Corporate-linkage information for Deutsche Börse Aktiengesellschaft is classified as partial: entity names, jurisdictions and registration numbers are available for a large number of group entities, but verified ownership or voting-control percentages between the parent and individual subsidiaries have not been confirmed from external filings for this profile.
Sources
- Deutsche Börse AG, Company History — https://www.deutsche-boerse.com/dbg-en/about-us/deutsche-boerse-group/company-history, retrieved 25 September 2026.
- Deutsche Börse Group, Achieves Record Results in Financial Year 2025 (press release) — https://www.deutsche-boerse.com/dbg-en/media/news-stories/press-releases/Deutsche-B-rse-Group-Achieves-Record-Results-in-Financial-Year-2025-4948690, retrieved 25 September 2026.
Registry feed — rows exactly as filed with Handelsregister (Commercial Register), including entries the profile above does not cover.
Deutsche Börse Aktiengesellschaft
Germany
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Frequently Asked Questions
What does Deutsche Börse Aktiengesellschaft do?
Deutsche Börse Aktiengesellschaft (HRB 32232, Frankfurt am Main) is the parent company of Deutsche Börse Group, operating cash and derivatives exchanges (including the Frankfurt Stock Exchange, Xetra and Eurex), post-trade services through Clearstream, and market data, index and investment-management technology businesses (including EEX, 360T, ISS STOXX and SimCorp).
Who owns Deutsche Börse Aktiengesellschaft?
As a widely held listed company, Deutsche Börse Aktiengesellschaft discloses only major shareholders that cross WpHG notification thresholds; the most recent verified filing shows BlackRock, Inc. holding 7.94% of voting rights as of 13 August 2026.
Who is Deutsche Börse Aktiengesellschaft's UBO (Ultimate Beneficial Owner)?
No natural person has been identified as a beneficial owner exceeding a control threshold in official filings; Deutsche Börse Aktiengesellschaft is widely held with no verified natural-person ultimate beneficial owner.
What is Deutsche Börse Aktiengesellschaft's company registration number?
Deutsche Börse Aktiengesellschaft's registration number is HRB 32232 Frankfurt am Main, filed with Handelsregister (Commercial Register) in Germany. Its current status on the register is active.
Is Deutsche Börse Aktiengesellschaft still an active company?
Deutsche Börse Aktiengesellschaft's status on Handelsregister (Commercial Register) is listed as active.
What is Deutsche Börse Aktiengesellschaft's registered address?
The registered address on file for Deutsche Börse Aktiengesellschaft is Eschborn, Germany.
What is Deutsche Börse Aktiengesellschaft's revenue?
Deutsche Börse Group reported consolidated net revenue of €6,026 million for financial year 2025 (2024: €5,829 million), a group-level figure that is not necessarily representative of Deutsche Börse Aktiengesellschaft on an unconsolidated basis.
Is Deutsche Börse Aktiengesellschaft listed on a stock exchange?
Deutsche Börse Aktiengesellschaft's own shares are listed on the Frankfurt Stock Exchange, which it operates, and traded on Xetra; the company is a DAX constituent (ISIN DE0005810055, ticker DB1) and is supervised by BaFin.
Who are the officers/directors of Deutsche Börse Aktiengesellschaft?
As of September 2026, Deutsche Börse Aktiengesellschaft's Executive Board has seven members led by CEO Stephan Leithner, and its Supervisory Board of sixteen members is chaired by Clara-Christina Streit.
Does Deutsche Börse Aktiengesellschaft have a parent company or subsidiaries?
Deutsche Börse Aktiengesellschaft is the ultimate parent of Deutsche Börse Group, with verified subsidiaries including Clearstream, Eurex, European Energy Exchange, ISS STOXX, 360T and SimCorp across multiple jurisdictions; individual ownership percentages are not disclosed.
Can Zavia monitor changes to Deutsche Börse Aktiengesellschaft's ownership over time?
This profile reflects a point-in-time snapshot from Handelsregister (Commercial Register). Zavia's monitoring API can track changes to Deutsche Börse Aktiengesellschaft's registered shareholders, officers, and group structure going forward, flagging updates as they're filed rather than requiring a manual recheck.
Can I access Deutsche Börse Aktiengesellschaft's data through an API?
Yes. Zavia's API connects directly to official government ownership registries across 195 countries and territories, including Germany, so records like Deutsche Börse Aktiengesellschaft's registration, shareholder, UBO, and group-structure data can be queried programmatically instead of viewed one page at a time.
Where does this company information come from, and how current is it?
This record is sourced directly from Handelsregister (Commercial Register) and was last synced on 8 September 2026.