Börse Berlin
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Börse Berlin AG (or Berlin Stock Exchange) is a stock exchange based in Berlin, Germany, founded in 1685 through an edict of Great Elector Friedrich Wilhelm and is one of the oldest exchanges in Germany.
History
The Berlin Stock Exchange was founded on June 29, 1685, in Berlin by Elector
In 1920, when the corporation of the Kaufmannschaft merged after one hundred years of existence in the
On May 24, 1944, the stock exchange building burned down after being hit in an air raid, the ruins were demolished in 1957 and 1958.[3] For a long time, a few visible parts of the building (pillar parts, façade decoration) lay behind a construction fence that was still under construction from 2001 onwards.
Börse Berlin after the Second World War
After the war, the Berlin Stock Exchange in West Berlin was reopened. However, with all major corporations and banks leaving the city, the stock market never regained the importance it had before the war.
In order to address internationalisation and growing consolidation pressure, Börse Berlin has pursued a successful niche strategy since the mid-nineties, with a particular focus on trading the widest possible range of foreign stocks and bonds.
In September 2007 Börse Berlin takes a majority stake in EASDAQ NV which operates under the brand Equiduct. With the pan-European market model of Equiduct, Börse Berlin re-positions itself as a Start-up. The key requirement of MiFID – best execution – is guaranteed by Equiduct, order by order. The launch of the Equiduct market place takes place on 20 March 2009.
On 21 July 2009 Equiduct enters into a strategic partnership with Citadel Securities, a division of Citadel Investment Group, L.L.C.. The agreement between Citadel Securities and Börse Berlin AG will provide funding to Equiduct for developing its platform into one of Europe's leading execution venues. Equiduct will continue to be operated by Börse Berlin AG, trading takes place on the newly created market segment Berlin Second Regulated Market (BSRM).
In October 2019 the stock exchange operator Tradegate Exchange GmbH announces the completion of an asset deal to acquire 100 percent of the shares in the Berlin Börse AG, the operating company of the traditional Berlin Stock Exchange and the London-based platform, Equiduct. In return the previous owner of the Berlin Börse AG, the Verein Berliner Börse e.V., receives a stake in the Tradegate Exchange GmbH. In future the three exchanges geared to the needs of private investors Tradegate Exchange, Börse Berlin and Equiduct will be operated and further developed under one roof.
The Exchange Council of Börse Berlin appointed Ms Friederike von Hofe as Managing Director of Börse Berlin with effect from 1 August 2020. Also with effect from 1 August 2020 the Supervisory Board of the sponsoring company appointed Ms von Hofe as a member of the Executive Board of Börse Berlin AG.
Until June 2022 Börse Berlin had its headquarters in
See also
References
- ^ Friday The Black Friday . In: The Time, No. 14/1967.
- ISBN 3781901653.
- ^ Götz Eckardt (ed.) And others: Fates of German monuments in the Second World War . Henschelverlag Kunst und Gesellschaft, Berlin 1978, vol. 1, p. 45
External links
- https://www.boerse-berlin.de
- Börse Berlin Equiduct Trading
- Ludwig Erhard Haus
- Knight Invests in Equiduct Systems
- Documents and clippings about Börse Berlin in the 20th Century Press Archives of the ZBW