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Deutsche Börse Clearing
Clearstream Banking AG is the main national central securities depository (CSD) in Germany. It is a fully-owned subsidiary of the Clearstream Group, itself part of Deutsche Börse Group. As of 2018, it was the world's fourth-largest CSD by value of securities held, only surpassed by Fedwire Securities Service, the Depository Trust Company, and Euroclear Bank. Overview On , the Frankfurter Kassenverein was established to handle the settlement and clearance of securities traded on the Frankfurt Stock Exchange following the wartime and post-war disruption. The word ''Kassenverein'' was a reference to a number of pre-war financial institutions that provided market infrastructure services in the German-speaking work, including the and the Wiener Giro- und Cassen-Verein, the latter being described as the oldest CSD. In 1970-71, the Auslandskassenverein (AKV) was formed to act as clearing and settlement agent and international gateway for German banks to various foreign depositories ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Securities Depository
A central securities depository (CSD) is a specialized financial market infrastructure organization holding securities such as shares or bonds, either in certificated or uncertificated ( dematerialized) form, allowing ownership to be easily transferred through a book entry rather than by a transfer of physical certificates. This allows brokers and financial companies to hold their securities at one location where they can be available for clearing and settlement. In recent decades this has usually been done electronically, making it much faster and easier than was traditionally the case where physical certificates had to be exchanged after a trade had been completed. In some cases these organizations also carry out centralized comparison and transaction processing such as clearing and settlement of securities transfers, securities pledges, and securities freezes. In modern corporate debt markets, investors achieve collateralization through CSDs. The CSDs operate as trustee ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cedel
Clearstream Banking SA is one of two world-leading international central securities depositories, the other one being Euroclear Bank. It is a fully-owned subsidiary of the Clearstream Group, itself part of Deutsche Börse Group. History The Centrale de Livraison de Valeurs Mobilières (), generally referred to as Cedel, was established on , by 66 of the world's major financial institutions as a clearing organisation whose objective was to minimise risk in the settlement of cross-border securities trading, particularly in the growing Eurobond market. It was a direct response to the creation a few years earlier of the Euroclear System by American bank Morgan Guaranty in Brussels. At least initially, Euroclear was viewed as largely aligned with buy side interests whereas Cedel was closer to the sell side. In 1995, a new corporate structure was introduced, establishing a parent company, Cedel International, while Cedel in Luxembourg was granted a banking license. In 1997, a new ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Central Securities Depositories Association
European Central Securities Depositories Association (ECSDA) is the official trade association for the Central Securities Depository industry in Europe. The association provides a forum for Central Securities Depositories (CSDs) to exchange views and take forward projects of mutual interest. It aims to promote a constructive dialogue between the CSD community, European and Global public authorities and other stakeholders aiming at contributing to an efficient and risk-averse infrastructure for financial markets. It is one of five regional CSD associations oWorld Forum of CSDs History The history of the ECSDA dates back to the early 1990s, when CSD chief executives started to meet on a regular basis to exchange best practices and prepare for the adoption of the euro. The idea of formalising these contacts in an association emerged in 1995 at a meeting taking place at the European Monetary Institute in Frankfurt. The association was established in November 1997 with the signature ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Deutsche Börse
Deutsche Börse AG (), or the Deutsche Börse Group, is a German multinational corporation that offers a marketplace for organizing the trading of shares and other securities. It is also a transaction services provider, giving companies and investors access to global capital markets. It is a joint stock company and was founded in 1992, with headquarters in Frankfurt. On 1 October 2014, Deutsche Börse AG became the 14th announced member of the United Nations Sustainable Stock Exchanges initiative. It is the third-largest stock market in Europe by market cap after Euronext Paris and the London Stock Exchange. On 23 August 2023, the company formed EuroCTP as a joint venture with 13 other bourses, to provide a consolidated tape for the European Union, as part of the Capital Markets Union proposed by the European Commission. Company More than 3,200 employees service customers in Europe, the United States, and Asia. Deutsche Börse has locations in Germany, Luxembourg, Switzerl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Börse Stuttgart
Börse Stuttgart is the sixth largest exchange group in Europe. It has strategic pillars in the capital markets business as well as in the digital and cryptocurrency business. Börse Stuttgart Group employs around 700 people at its locations in Stuttgart, Berlin, Frankfurt, Ljubljana,Spengler, Thomas (2021-06-05). "Börse Stuttgart weitet Kryptohandel aus". '' Börsen-Zeitung'' (in German). Retrieved 2024-03-26. Milan, Stockholm, and Zürich and holds a total of 16 licences from regulatory authorities in Germany, Sweden and Switzerland. Capital markets business In its capital markets business, Börse Stuttgart Group operates three stock exchanges in Germany, Sweden, and Switzerland: Börse Stuttgart, '' NGM'', and '' BX Swiss''. Börse Stuttgart is the leading stock exchange for structured securities and corporate bond trading in Germany. NGM and BX Swiss are the second-largest stock exchanges in Sweden and Switzerland. On the three exchanges, more than two million securiti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Börse München
The Börse München is a stock exchange based in Munich, Germany. Founded in 1830, it currently lists over 6300 securities. History The Börse München was officially founded in 1869, but its origins go back to the 1830s, when traders from Munich started meeting regularly to trade securities. It was closed during World War I World War I or the First World War (28 July 1914 – 11 November 1918), also known as the Great War, was a World war, global conflict between two coalitions: the Allies of World War I, Allies (or Entente) and the Central Powers. Fighting to ..., but reopened in 1918. In 1935 it merged with the stock exchange of Augsburg to form the Bayerische Börse. Finally in 2003 the name reverted to Börse München, to follow the convention to name stock exchanges after the city they are based in. It was moved from a palatial building at Lenbachplatz to Karolinenplatz at Brienner Straße. External links Web site (only in German)* Financial services co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hamburg Stock Exchange
The Hamburg Stock Exchange () is the oldest stock exchange in Germany. It was founded in 1558 in the Free and Hanseatic city of Hamburg Hamburg (, ; ), officially the Free and Hanseatic City of Hamburg,. is the List of cities in Germany by population, second-largest city in Germany after Berlin and List of cities in the European Union by population within city limits, 7th-lar .... Four different individual exchanges now exist under its umbrella: the Insurance Exchange, Grain Exchange, Coffee Exchange, along with the General Exchange. References External links * Financial services companies established in the 16th century Stock exchanges in Germany Economy of Hamburg Buildings and structures in Hamburg-Mitte 1558 establishments in Europe {{Hamburg-struct-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Börse Berlin
Börse Berlin AG (also known as the "Berlin Stock Exchange") is a stock exchange based in the Charlottenburg-Wilmersdorf borough of Berlin, Germany. Founded in 1685 through an edict of Elector Friedrich Wilhelm, it is among the oldest exchanges in the country. History The Berlin Stock Exchange was originally established by Elector Friedrich Wilhelm on June 29, 1685, however the first securities trading would not take place until February 25, 1739. Trading initially took place on the upper floor of the Neues Lusthaus in the Lustgarten of Central Berlin, located near the Berlin Cathedral and the Berliner Stadtschloss. This building was demolished before 1798 and replaced with a new exchange building on the same site. In 1803, the United Stock Exchange Corporation assumed operations, replaced in 1820 by a newly established consortium of Berlin Merchants known as the ''Berliner Kaufmannschaft''. Between 1859 and 1863, architect Friedrich Hitzig constructed a new buildi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wiener Giro- Und Cassen-Verein
The Wiener Giro- und Cassen-Verein was a specialized financial institution in Vienna that has been described as the world's oldest central securities depository A central securities depository (CSD) is a specialized financial market infrastructure organization holding securities such as shares or bonds, either in certificated or uncertificated ( dematerialized) form, allowing ownership to be easily tra ... (CSD). Created in 1872, it was absorbed in 1946 by the newly established Oesterreichische Kontrollbank. See also * Depository Trust Corporation References Defunct banks of Austria Central securities depositories of Europe {{finance-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Germany
Germany, officially the Federal Republic of Germany, is a country in Central Europe. It lies between the Baltic Sea and the North Sea to the north and the Alps to the south. Its sixteen States of Germany, constituent states have a total population of over 84 million in an area of , making it the most populous member state of the European Union. It borders Denmark to the north, Poland and the Czech Republic to the east, Austria and Switzerland to the south, and France, Luxembourg, Belgium, and the Netherlands to the west. The Capital of Germany, nation's capital and List of cities in Germany by population, most populous city is Berlin and its main financial centre is Frankfurt; the largest urban area is the Ruhr. Settlement in the territory of modern Germany began in the Lower Paleolithic, with various tribes inhabiting it from the Neolithic onward, chiefly the Celts. Various Germanic peoples, Germanic tribes have inhabited the northern parts of modern Germany since classical ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Frankfurt Stock Exchange
The Frankfurt Stock Exchange (, former German name: , ''FWB'') is the world's 3rd oldest and 12th largest stock exchange by market capitalization. It has operations from 8:00 am to 10:00 pm ( German time). Organisation Located in Frankfurt, Germany, the Frankfurt Stock Exchange is owned and operated by Deutsche Börse AG and Börse Frankfurt Zertifikate AG. It is located in the district of Innenstadt and within the central business district known as Bankenviertel. With 90 percent of its turnover generated in Germany, namely at the two trading venues Xetra and Börse Frankfurt, the Frankfurt Stock Exchange is the largest of the seven regional securities exchanges in Germany. The trading indices are DAX, DAXplus, CDAX, DivDAX, LDAX, MDAX, SDAX, TecDAX, VDAX and EuroStoxx 50. Trading venues Xetra and Börse Frankfurt Through its Cash Market business section, Deutsche Börse AG now operates two trading venues at the Frankfurt Stock Exchange. * Xetra is the refe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Euroclear Bank
Euroclear Bank is the international central securities depository (ICSD) of the Euroclear Group, based in Brussels, Belgium. It is one of the world's two main ICSDs, the other one being Clearstream Banking SA in Luxembourg. As of 2018, it was the third-largest CSD by value of securities held, behind only Fedwire Securities Service and the Depository Trust Company, and the world's leading CSD by value of delivery instructions. Overview On , Euroclear Bank took over the operation of the Euroclear System from Morgan Guaranty, which had initiated it in 1967-1968. As of 2023, Euroclear Bank maintained branches in Hong Kong, Kraków, and Tokyo as well as representative offices in Beijing, Dubai, Frankfurt, New York, and Singapore. Supervision As a licensed bank, Euroclear Bank is subject to European Banking Supervision and supervised as such by the National Bank of Belgium (NBB) under the oversight of the European Central Bank (ECB), having been designated by the latter as a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
