The physical MUN stock exchange was formerly located in Munich, Germany. The current computer trading network trades stock and fund shares as well as annuities using the MAX-ONE trading system. As with all other German exchanges, the MUN is owned by Borse. The Munich exchange is now operated entirely by computer and has no physical presence. Registered users can access real time quotes and other information directly online. Trading information such as morning news is available at 8AM each day.