DEFINITION of Berlin Stock Exchange (BER) .B

The Berlin Stock Exchange (BER), also known as Borse Berlin, is one of the oldest stock exchanges in Germany, founded in 1685. It operates two trading systems, Xontro and Equiduct.

BREAKING DOWN Berlin Stock Exchange (BER) .B

The BER offers investors a variety of international security selection, including equities, bonds, certificates, warrants, public funds, exchange-traded funds (ETFs) and exchange-traded commodities (ETCs). It has two market segments, the Regulated Market and the Open Market, which has a subsegment called the Berlin Second Regulated Market (BSRM). Trading starts at 8 a.m. on Xontro and 9:01 a.m. on Equiduct.

Xontro

Xontro is the trading and settlement system of floor exchanges in Germany. It trades European and international blue chips as well as interesting small caps. Around 50 percent of the instruments traded on Xontro are equities. The BER has used Xontro as its trading platform since 1992.

Equiduct

Equiduct is the electronic trading platform of the BER. It is a pan-European regulated market with a goal of delivering a reliable all-in-one trading solution for investors. The BER has utilized Equiduct since 2009.

Notable Dates in BER’s History

1685: BER is founded through an edict of Friedrich Wilhelm, Elector of Brandenburg.

1739: The first exchange session takes place. 

1840: The first railway shares are officially quoted. Banking and mining stocks follow in the next eight years.

1912: A metal exchange is added which trades copper, zinc, lead, aluminium and antimony.

1916-1918: The exchange is halted due to World War I.

1927: Known as Black Friday, the stock market collapses in Germany. 

1945: The exchange is heavily damaged in World War II. The building ruins are destroyed by order of the East Berlin Magistrate.

1950: Trading begins again in the form of the Regulated Open Market. 

1952: Trading on the Official Market reopens. 

1955: The new exchange building is dedicated.

1974: The exchange is enhanced by new computer technology, as transactions begin to be processed electronically and then digitally in the early 1980s.

1987: The Regulated Market and the Open Market are established as two new market segments. 

1992: BER begins to use the Xontro trading system. 

1997: BER established its internet presence.

2009: The Equiduct system is launched.