Trader Admission

Any person that shall be authorized to trade at Frankfurter Wertpapierbörse (FWB®) on behalf of a trading participant needs to be admitted by FWB as exchange trader first.

Each trading participant of FWB may have an unlimited number of traders. However, all trading participants must have at least one admitted trader to fulfill the admission requirements of the FWB.

Furthermore, admission as an exchange trader is only possible on behalf of a single trading participant. If an exchange trader moves to another company, the trader admission associated with the former company must first be terminated, and a new exchange trader admission for the new company must be applied for.

Traders who are to trade for an admitted trading participant at FWB must be reliable and possess the necessary expertise and practical knowledge in accordance with the Admission Regulations for Exchange Traders at Frankfurter Wertpapierbörse.

Admission Process

Please register in the Member Section Portal and apply for authorization to create an admission application for the FWB. After registration and approval, the admission application can be initiated directly within the Member Section Portal.

Admission Requirements

Traders are admitted upon application by the FWB, provided they are reliable and possess both the expertise and practical knowledge required for trading.

Expertise

To meet this requirement, candidates must either have successfully passed the FWB Exchange Trader Examination within the last two years prior to application, or have been admitted as an Exchange Trader at FWB for at least 12 months within the same two-year period prior to application (according to § 4 , clause 2 of the “Admission Regulations for Exchange Traders at Frankfurter Wertpapierbörse”)

Practical Knowledge

This requirement can be fulfilled either by participating in the functional FWB System Training or proof of participation in trading on an exchange or a multilateral trading facility for a period of at least six months within the last two years prior to application (according to § 4 , clause 4 of the “Admission Regulations for Exchange Traders at Frankfurter Wertpapierbörse”.

If you lack required expertise or practical knowledge, please book either the FWB Exchange Trader Examination or the FWB System Training – or both - as part of your admission application, depending on which qualification you are missing. Further information regarding the examination and system training can be found in the following section.

FWB Trader Examination and FWB System Training

Successful completion of the FWB trader examination certifies the expertise required for admission as an exchange trader at FWB. Participation in the FWB system training certifies the required practical knowledge.

Trader Examination

Participation in the examination is exclusively reserved for individuals who are officially undergoing the admission process to become an exchange trader at FWB. This means that candidates must be employed by a company that is admitted as a trading participant at FWB. The conduct of the examination and the withdrawal modalities are regulated in the Admission Regulations and the Fee Regulations.

Examination Preparation

Take advantage of our catalogue of questions and answers (see below), which includes all exam questions along with their solutions. In addition, we offer an online exam simulation that allows you to replicate a real exam scenario and assess your current level of knowledge in a targeted manner.

FWB System Training

The FWB System Training is a web-based course that provides an introduction to the T7 trading architecture interface, key concepts of the trading system, and relevant rules and regulations. Interactive exercises and a final test ensure practical reinforcement of the content.

The training takes approximately 1-2 hours. After booking, the training must be completed within 10 weeks. Exchange traders can only book the training as part of the admission application.

Examination dates (subject to change)