WHAT IS THE Bremen Stock Exchange

The Bremen Stock Exchange is a defunct stock exchange that formerly existed in Germany.

BREAKING DOWN Bremen Stock Exchange

The Bremen Stock Exchange is no longer in operation. Formerly located in Bremen, Germany, the Bremen exchange merged with the Berlin Stock Exchange in 2003. It is now known as the Borse Berlin-Bremen Stock Exchange. The Borse Berlin-Bremen Exchange is one of eight stock exchanges in Germany. Among them, the Frankfurt Stock Exchange is one of the largest in the world.

The Borse Berlin-Bremen is one of Germany’s oldest stock exchanges and operates two trading systems, Xontro and Equiduct. It offers investors a variety of international security selections, including equities, bonds, certificates, warrants, public funds, exchange-traded funds and exchange-traded commodities. It has two market segments, the Regulated Market and the Open Market, which has a subsegment called the Berlin Second Regulated Market. Equiduct is an electronic trading platform and is a pan-European regulated market with a goal of delivering a reliable all-in-one trading solution for investors. Trading starts at 8 a.m. on Xontro and 9:01 a.m. on Equiduct. 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.

History of the Bremen Stock Exchange

Bremen has a long history of exchange, going back to the Middle Ages. The Senate of Bremen issued the First Exchange Ordinance on March 14, 1682, spurring the building of the first exchange building in Bremen. That building was in use until 1864, when operations moved to the new exchange. The new exchange burned down on December 10, 1943, during World War Two. The Bremen Stock exchange reopened on February 16, 1949, with approval from the American occupying power. The exchange continued operation until it replaced open outcry in 2000 with computer trading; it then merged with the Berlin Exchange in 2003.

Germany’s Stock Exchanges

The Borse Berlin-Bremen Stock Exchange operates as a regional stock exchange, meaning it functions as a stock clearinghouse that trades publicly held equity and is situated outside of a country's primary financial center, which in Germany’s case would be Frankfurt. The Frankfurt Exchange is one of the largest and most efficient trading facilities in the world and is ranked as the tenth largest stock exchange by market capitalization.  The Frankfurt Exchange has virtually all of the turnover in Germany and a substantial share of the turnover in all of Europe.