BX Swiss
| BX Swiss AG | |
|---|---|
| legal form | Public limited company under Swiss law |
| founding | November 10, 1884 |
| Seat | Bern , Switzerland , branch in Zurich, Talstrasse 70 |
| management | Lucas Bruggeman (CEO) Michael Völter (Chairman of the Board of Directors) |
| Number of employees | 13 (2020) |
| Branch | Finances |
| Website | www.bxswiss.com |
BX Swiss (colloquially "Berner Börse", abbreviated: BX ) is a stock exchange in Zurich operated by BX Swiss AG (formerly Berner Börsenverein) and subject to the Swiss Financial Market Infrastructure Act .
history
The Berne Exchange emerged from the Berne Bank Association, which was founded on January 28, 1880 by nine banks and 14 private companies. The Berner Börsenverein was founded on November 10, 1884. Until the First World War , the development of the stock exchange was very modest, between 1911 and 1913 1,100 trades were made annually.
From 1961 to 1991 the ring trade à la criée was operated in the basement of Aarbergergasse 30 in Bern. Due to a lack of volume, telephone trading was switched to in 1991.
In contrast to the stock exchanges in Zurich , Basel and Geneva , the Bern Stock Exchange did not participate in the 1995 merger to form the SIX Swiss Exchange .
Until 2014, BX was a private association under Swiss law of which all of Bern's larger banks are members. In connection with the conversion into an AG, the board of directors was also strengthened. The previous members Peter L. Heller, Brian Sparks and Claudio Studer were confirmed for a term of three years. At that time, Raffaele Agnetti, UBS , and Peter Kilchenmann, Credit Suisse , were newly elected to the committee. In 2016 the move of the stock exchange to Zurich was announced.
While the operational business is carried out in Zurich, the legal seat of BX Swiss AG is still in Bern. At the end of 2017, the sale of BX Swiss to the Stuttgart Stock Exchange was announced and the re-approval of BX as a fully regulated exchange by FINMA was confirmed. The acquisition was completed in 2018. Since then, BX Swiss has been a 100% subsidiary of Börse Stuttgart GmbH. Lucas Bruggeman has been CEO of BX Swiss since February 2020 after positions at ABN AMRO Bank, Liechtensteinische Landesbank and the Swiss fintech startup Sentifi.
Legal bases
BX Swiss is subject to supervision by the Swiss Financial Market Supervisory Authority (FINMA) and, as a Swiss stock exchange, is essentially regulated by the Swiss Financial Market Infrastructure Act (FMIA).
In addition, compliance with a number of regulatory obligations is a prerequisite for listing on the BX Swiss. These are set out in the “Listing Regulations on the Admission of Securities to the BX”. The requirements include, among other things, minimum capital, publication of audited annual financial statements in accordance with the applicable accounting regulations and semi -annual reports , disclosure of participations and a free float minimum of 15 percent. The trading regulations of BX Swiss, which contain various instructions and additional edicts, are set out in the “Trading Regulations”.
Listed companies
BX Swiss maintains various exchange segments. In the equities sector, it is primarily aimed at Swiss SMEs for which a listing on the SIX Swiss Exchange would be a step too big or too expensive. There are currently 20 companies listed in the Swisscaps segment. In addition, the BX offers a wide range of shares (over 3,600 instruments) and ETFs (over 100 listed and 500 instruments admitted to trading). In addition, BX Swiss created a new segment for Actively Managed Certificates (AMC) in 2018 and announced its new segment the iBX for structured products and warrants for the beginning of 2019.
Companies listed on the BX Swiss include:
- Acron Helvetia I Immobilien AG
- Admicasa Holding Ltd.
- Athris AG
- BV Holding AG
- Sandpiper Digital AG
- SenioResidenz AG
- ULTIMA CAPITAL SA
Web links
- BX Swiss website
- Entry of "BX Swiss AG" (stock corporation) in the commercial register of the Canton of Bern
- Entry of “BX Swiss AG” (branch) in the commercial register of the Canton of Zurich
Individual evidence
- ↑ Berner Börsenverein becomes Aktiengesellschaft In: bxswiss.com, June 3, 2014, accessed on December 8, 2017.
- ↑ The Bern Stock Exchange leaves Bern In: derbund.ch, December 16, 2016, accessed on December 8, 2017.
- ↑ BX receives full exchange license from FINMA. November 14, 2017. Retrieved May 29, 2018 .
- ↑ Berner Börse goes into German hands In: derbund.ch, December 8, 2017, accessed on December 8, 2017.
- ^ BX Swiss AG: Regulatory Information - BX Swiss. Retrieved February 17, 2019 .
- ↑ deriBX - the new trading segment of BX Swiss. Retrieved February 17, 2019 .