SEC Form 20-F - Deutsche Bank Annual Report 2012

Deutsche Bank
Annual Report 2010 on Form 20-F
Item 9: The Offer and Listing 125
Frankfurt Stock Exchange
Deutsche Börse AG operates the Frankfurt Stock Exchange, the most significant of the seven German stock
exchanges. According to the World Federation of Exchanges, Deutsche Börse AG was the eighth largest stock
exchange in the world in 2010 measured by total value of share trading, after NASDAQ, the NYSE Euronext
(U.S.), Shanghai, Tokyo, Shenzen, London and NYSE Euronext (Europe).
The prices of actively-traded securities, including our shares, are continuously quoted on the Frankfurt Stock
Exchange trading floor between 9:00 a.m. and 8:00 p.m., Central European time, each bank business day. Most
securities listed on the Frankfurt Stock Exchange are traded on the auction market. Securities also trade in
interbank dealer markets, both on and off the Frankfurt Stock Exchange. The price of securities on the Frankfurt
Stock Exchange is determined by open outcry and noted by publicly commissioned stockbrokers. These publicly
commissioned stockbrokers are members of the exchange but do not, as a rule, deal with the public.
The Frankfurt Stock Exchange publishes a daily official list of its quotations (Amtliches Kursblatt) for all traded
securities. The list is available on the Internet at http://www.deutsche-boerse.com under the heading: “Market
Data & Analytics – Trading Statistics + Analyses – Spot Market Statistic – Order Book Statistics”.
Our shares trade on Xetra (Exchange Electronic Trading) in addition to trading on the auction market. Xetra is an
electronic exchange trading platform operated by Deutsche Börse AG. Xetra is integrated into the Frankfurt Stock
Exchange and is subject to its rules and regulations. Xetra trading takes place from 9:00 a.m. until 5:30 p.m.
Central European time, each bank business day by brokers and banks that have been admitted to Xetra by the
Frankfurt Stock Exchange. Private investors are permitted to trade on Xetra through their banks or brokers.
Transactions on the Frankfurt Stock Exchange (including transactions through the Xetra system) are settled on
the second business day following the transaction. Transactions off the Frankfurt Stock Exchange are also
generally settled on the second business day following the transaction, although parties may agree on a different
settlement time. Transactions off the Frankfurt Stock Exchange may occur in the case of large trades or if
one of the parties is not German. The standard terms and conditions under which German banks generally
conduct their business with customers require the banks to execute customer buy and sell orders for listed
securities on a stock exchange unless the customer specifies otherwise.
The Frankfurt Stock Exchange can suspend trading if orderly trading is temporarily endangered or if necessary
to protect the public interest. The BaFin monitors trading activities on the Frankfurt Stock Exchange and the
other German stock exchanges.
Selling Shareholders
Not required because this document is filed as an annual report.
Dilution
Not required because this document is filed as an annual report.
Expenses of the Issue
Not required because this document is filed as an annual report.