Berliner Börse
Encyclopedia
Berlin
Berlin is the capital city of Germany and is one of the 16 states of Germany. With a population of 3.45 million people, Berlin is Germany's largest city. It is the second most populous city proper and the seventh most populous urban area in the European Union...
, Germany
Germany
Germany , officially the Federal Republic of Germany , is a federal parliamentary republic in Europe. The country consists of 16 states while the capital and largest city is Berlin. Germany covers an area of 357,021 km2 and has a largely temperate seasonal climate...
, founded in 1685 through an edict of Great Elector Friedrich Wilhelm
Frederick William, Elector of Brandenburg
|align=right|Frederick William was Elector of Brandenburg and Duke of Prussia – and thus ruler of Brandenburg-Prussia – from 1640 until his death. A member of the House of Hohenzollern, he is popularly known as the "Great Elector" because of his military and political prowess...
and is one of the oldest exchanges in Germany. 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. With the advent of MiFID
MiFID
The Markets in Financial Instruments Directive as subsequently amended is a European Union law that provides harmonised regulation for investment services across the 30 member states of the European Economic Area...
(Markets in Financial Instruments Directive), the exchange has decided to realign itself completely with its new market segment Equiduct Trading, the exchange will be truly pan-European. Equiduct Trading will allow Börse Berlin to expand its service offering, which until recently was primarily addressing retail investors, by offering custom made solutions for professional market participants.
Through the acquisition of a majority stake in EASDAQ NV, the sole owner of Equiduct Systems Ltd and the ETS trading platform, Börse Berlin has gained control of and access to a state-of-the-art electronic trading
Electronic trading
Electronic trading, sometimes called etrading, is a method of trading securities , foreign exchange or financial derivatives electronically...
system. Börse Berlin will remain headquartered in Berlin (operating under the brand "Equiduct Trading"), but has opened additional offices in London and Paris in order to underline its pan-European ambitions. Professional market participants, that make use of the Equiduct Trading market model, can guarantee to their customers that their orders will receive best execution in accordance with MiFID regulations. London based Equiduct Systems, part of the Börse Berlin Equiduct Trading Group, will provide transaction services for Börse Berlin which will define the legal and regulatory framework of the Equiduct Trading segment. The Equiduct Trading segment is an integral part of the state-monitored and regulated Börse Berlin.
The Börse is currently housed in Ludwig-Erhard-Haus designed by Nicholas Grimshaw
Nicholas Grimshaw
Sir Nicholas Grimshaw, CBE is a prominent English architect, particularly noted for several modernist buildings, including London's Waterloo International railway station and the Eden Project in Cornwall...
at Fasanenstraße 85 in Berlin-Charlottenburg
Charlottenburg
Charlottenburg is a locality of Berlin within the borough of Charlottenburg-Wilmersdorf, named after Queen consort Sophia Charlotte...
.