Börse Stuttgart (SWB) is a

stock exchange A stock exchange, securities exchange, or bourse is an exchange where stockbrokers and traders can buy and sell securities, such as shares of stock, bonds and other financial instruments. Stock exchanges may also provide facilities for th ...

Germany Germany,, officially the Federal Republic of Germany, is a country in Central Europe. It is the second most populous country in Europe after Russia, and the most populous member state of the European Union. Germany is situated betwe ...

, the second largest in the country and the ninth largest in Europe.

Structure of Börse Stuttgart Group

* Börse Stuttgart Holding GmbH * Baden-Wuerttembergische Wertpapierboerse GmbH * Baden-Wuerttembergische Wertpapierboerse e.V.

History

Börse Stuttgart came into existence on 4 February 1860, when a group of people from different industries decided to meet regularly. The first such meeting occurred on 12 March 1860. After changing location several times, the exchange is now located in Carl Eugen Bau. In 2005, Börse Stuttgart, in cooperation with ZertifikateJournal-Unternehmensgruppe, launched

S-BOX In cryptography, an S-box (substitution-box) is a basic component of symmetric key algorithms which performs substitution. In block ciphers, they are typically used to obscure the relationship between the key and the ciphertext, thus ensuring Sha ...

, a collection of differently themed indices. Since late 2007, Börse Stuttgart holds an 82.4 percent stake in EUWAX AG. In November 2008, Börse Stuttgart Holding GmbH acquired Nordic Growth Market NGM AB, the second largest stock exchange in Sweden. T.I.Q.S. GmbH & Co. KG, a joint venture of Börse Stuttgart AG and EUWAX AG developed the T.I.Q.S. (Trading, Information and Quote System), an OTC trading platform. In 2010, the bourse started Bondm, a trading segment for SME bonds. In 2017, the

Stuttgart Stock Exchange Stuttgart (; Swabian: ; ) is the capital and largest city of the German state of Baden-Württemberg. It is located on the Neckar river in a fertile valley known as the ''Stuttgarter Kessel'' (Stuttgart Cauldron) and lies an hour from the Swab ...

took over the majority of the shares at BX Swiss AG. The takeover was completed in 2018. Since then, BX Swiss has been a 100%daughter of Stuttgart GmbH stock exchange.

Boerse Stuttgart Digital Exchange (BSDEX)

Boerse Stuttgart Digital Exchange (BSDEX) is Germany's first regulated trading venue for cryptocurrencies. It was launched in December 2019 and the four cryptocurrencies Bitcoin, Ethereum, Litecoin and Ripple can now be traded there. The multilateral trading system of the BSDEX meets the regulatory requirements according to Section 2 (12) KWG. EUWAX AG, which was commissioned to increase liquidity, is also a regulated financial service provider. The partner financial service provider is the Solarisbank.

BISON app

In January 2019, Boerse Stuttgart released the smartphone app Bison (own spelling: BISON), the first crypto trading app backed by a traditional stock exchange. The app was developed by Sowa Labs. Users of the app buy and sell cryptocurrencies Bitcoin (BTC), Bitcoin Cash (BCH), Chainlink (LINK), Ethereum (ETH), Litecoin (LTC), Ripple (XRP) or Uniswap (UNI) with Euwax, which acts as a broker. The cryptocurrencies are kept by blocknox GmbH. Euwax, Sowa Labs and blocknox are subsidiaries of Boerse Stuttgart. In spring 2021, around 400,000 users were registered with Bison, which triggered a trading volume of two billion euros up to that point.

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