Stuttgart Stock Exchange
| Stuttgart Stock Exchange
|
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|---|---|
 |
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| legal form | Public law institution with partial legal capacity |
| founding | February 11, 1861 |
| Seat |
Stuttgart , Germany
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| Number of employees | 250 |
| sales | 71.2 billion |
| Branch | Stock exchange trading |
| Website | www.boerse-stuttgart.de |
| Status: 2019 | |
The Stuttgart Stock Exchange is an exchange trading venue for stocks , bonds , exchange-traded funds (ETF), participation certificates and open-ended investment funds . In the Euwax trading segment , derivative investment and leverage products are traded (e.g. certificates ).
The Stuttgart Stock Exchange
With an average share of order book turnover of around 35 percent in German floor trading , the Stuttgart Stock Exchange is Germany's third largest trading venue after the Xetra platform of the Frankfurt Stock Exchange and the Tradegate Exchange. According to FESE statistics, the Stuttgart trading center ranks tenth in a European comparison. In 2018, the trading volume of the Stuttgart Stock Exchange amounted to 71.2 billion euros in all asset classes.
Market surveillance
Market and stock exchange supervision of the Stuttgart Stock Exchange is carried out by the Baden-Württemberg Ministry of Finance and Economics , the independent trading surveillance office subordinate to it, and the Federal Financial Supervisory Authority (BaFin).
Trading segments on the Stuttgart Stock Exchange
The Stuttgart Stock Exchange has the following trading segments:
- The Euwax is the largest platform for the exchange trading in securitized derivatives in Europe, such Warrants , leverage certificates , exotic products, investment certificates and reverse convertibles .
- 4x is a special trading segment for foreign stocks.
- Bondx is a special trading segment for bonds.
- Ifx is the segment for shares in actively managed funds, which are continuously traded like stocks during trading hours .
- Exchange -traded funds (ETF) are traded in the ETF Bestx segment . In addition to trading experts from the stock exchange, other official market makers are involved in trading.
- Bondm : In May 2010, the Stuttgart Stock Exchange started a segment in bond trading that also enables medium-sized companies to issue corporate bonds . You can raise outside capital in the form of bonds through so-called own issues with a volume of 15 to 150 million euros. The company issues the bond itself and then trades it on the Stuttgart Stock Exchange.
- Freiverkehr Plus is a trading segment in the open market designed for medium-sized companies , in which additional disclosure requirements apply.
Organization at the Stuttgart stock exchange
The umbrella of the Boerse Stuttgart Group is the Vereinigung Baden-Württembergische Wertpapierbörse e. V. The statutory objective of the association is the development of the Stuttgart stock exchange and financial center . The association uses subsidiaries to operate the exchange platform . The Baden-Württembergische Wertpapierbörse acts as an institution under public law with partial legal capacity exclusively on the basis of the German Stock Exchange Act and forms the actual stock exchange. In order to be able to carry out legal transactions and thus also to fulfill the tasks in practical terms, a personnel and technical infrastructure is required. This is provided by the stock exchange operator who is authorized and obliged by the state of Baden-Württemberg to operate the state's stock exchange. The stock exchange operator is the Baden-Württembergische Wertpapierbörse GmbH. It is a wholly-owned subsidiary of the association, which indirectly exercises its sponsorship.
For the technical implementation of the exchange operation of the stock market support has made of the possibility of outsourcing to a third party use ( outsourcing ). The wholly-owned subsidiary Boerse Stuttgart GmbH, which in turn uses and controls several of its own subsidiaries, is commissioned. In particular, it operates Euwax AG, which is used to optimize order execution and, in its function as a quality liquidity provider ( market maker ), provides financial services on the Stuttgart stock exchange.
history
The history of the Stuttgart stock exchange began in 1860 with the local industrial stock exchange association . In Königsbau to merchants found an order on a commodity exchange operating stores in the textile industry to. On February 11, 1861, the Stuttgart Stock Exchange Association was founded and with it the opening of a stock exchange, the actual predecessor of the current Stuttgart Stock Exchange.
After the Second World War, official stock exchange trading in Stuttgart was resumed on March 1, 1950. On December 1, 1974, the processing of stock exchange transactions began with electronic data processing. In 1999, the Euwax trading segment for securitized derivatives was established.
In 2017, the Stuttgart Stock Exchange took over the majority of shares in BX Swiss AG with a good 90 percent . The remaining 10 percent should follow by the end of 2018.
Web links
- Official website
- Structure of the Stuttgart stock exchange and financial center organization
- Dr. Christoph Boschan, Managing Director of the Stuttgart Stock Exchange, on the function of the stock exchange
Individual evidence
- ^ Stuttgart Stock Exchange: "Euwax" trading segment at Stuttgart Stock Exchange. Retrieved February 2, 2019 .
- ↑ Stuttgart Stock Exchange: Stuttgart Stock Exchange has a turnover of around 71.2 billion euros in 2018. In: Stuttgart Stock Exchange. Stuttgart Stock Exchange, January 1, 2019, accessed on January 1, 2019 .
- ↑ Stuttgart Stock Exchange: Trading Surveillance Office. Stuttgart Stock Exchange, accessed on February 1, 2019 .
- ↑ SEGMENTS & INITIATIVES. Stuttgart Stock Exchange, accessed on October 30, 2018 .
- ↑ ABOUT FREIVERKEHR PLUS. Stuttgart Stock Exchange, accessed on October 30, 2018 .
- ^ Stuttgart Stock Exchange: Companies of the Stuttgart Stock Exchange Group. Retrieved February 2, 2019 .
- ↑ History ( Memento from November 21, 2013 in the Internet Archive )
- ↑ Press kit of the Stuttgart Stock Exchange for the 150th anniversary. (PDF) Stuttgart Stock Exchange, accessed on October 30, 2018 .
- ↑ Börse Stuttgart acquires majority stake in BX Swiss. In: moneycab.com. December 7, 2017. Retrieved December 8, 2017 .
- ↑ Adrian Sulc: Berne Stock Exchange goes into German hands. In: derbund.ch. December 8, 2017. Retrieved December 8, 2017 .
Coordinates: 48 ° 46 ′ 47.6 " N , 9 ° 10 ′ 31.6" E