Course supplement

from Wikipedia, the free encyclopedia

A course addition is an abbreviation or a shorthand, market price is appended and allows more conclusions on the rate formation. The course supplements can therefore be found both in online course information systems and in the course lists of printed publications. He is a stock market custom .

The first two course additions are available in both electronic and floor trading:

  • eB , also xB or EXB ( e x B means ezugsrecht) that a rate of reduction in the level of the computed value of that day subscription rights (for issuing new shares was made)
  • eD , also xD or exD ( e x D ividend) means that on this day a price reduction in the amount of the dividend determined by the general meeting was made.

All other price additions only exist in floor trading and are maintained by the stockbroker :

  • rG ( r epartiert G eld) means that in this security demand was present, which could only partially be satisfied.
  • rW ( r epartiert W are) means that there was an offer in this security that only partially found buyers.
  • B ( B called) means that there was an offer in this security, but no such securities were requested at the requested price (difference to the suffix W).
  • bB ( b ezahlt B called) means that although sales were made in the security, but still more supply than demand exists for asking price.
  • ebB ( e twas b eaid B rief ) means that although sales were made in this security, there is still significantly more supply than demand at the requested price.
  • G ( G eld) means that in this security although demand was available, but the price offered no such securities were offered.
  • bG ( b ezahlt G eld) means that although sales were made in the security, but still more demand than supply is available for the offered price.
  • ebG ( e twas b ezahlt G eld) means that although sales were made in the security, but more demand than supply is still clearly present to the price offered.
  • W ( W are) means that there was supply in this security, but there was no demand for it.
  • T ( T ax) means that there is no traded rate. Is valued by the responsible lead broker .
  • X means Bad Course. A deal that came about on this course has been withdrawn or canceled.

In addition, on some stock exchanges the share itself is not differentiated numerically (like the WKN ), but by a letter abbreviation (ticker symbol). An example of this is DAI for Daimler AG on the NYSE . The abbreviation does not always allow conclusions to be drawn about the company name (see DNA for Genentech, Inc.).

With the changeover of Frankfurt floor trading to Xetra technology in May 2011, the price additions were largely abolished. Only two additions are still used today, XB for “Xetra best prices” and BB for “bond prices ” of federal bonds , which come about under the supervision of the Bundesbank, as before when fixing . The floor trading with acclamation on the floor ended on May 20, 2011th