Broker Brokers determine prices on the stock exchange. They also provide assistance in making investment decisions and execute their clients’ buy and sell orders. Their role thus corresponds to that of a “Freimakler” in the German system. Synonym: exchange trader If you are looking to go public on the Frankfurt Stock Exchange you should contact […]
Bridge capital In venture capital language, capital used to finance an IPO Investment banks and underwriting houses will help a company go public by providing bridge capital, which serves to “bridge” the period until the equity capital generated by the IPO flows into the company. If you are looking to go public contact info@fselistings.com
Börsenordnung (Stock Exchange Rules and Regulations) Statutes of the stock exchange The Stock Exchange Rules and Regulations (Börsenordnung) are issued by the Exchange Council in agreement with the operating body of the stock exchange. It ensures that the respective exchange can perform the tasks expected of it, and guarantees the interests of the public and […]
Bodies of the stock exchange Committees that are directly responsible for performing the functions of the stock exchange As stipulated in the 1994 amendment to the German Stock Exchange Act, the bodies of the stock exchange comprise the Exchange Council, the Exchange Operating Board, Market Surveillance, the Sanctions Committee and the Arbitration Panel of the […]
Bear market Market trend characterized by sustained price declines, usually in all market segments Investors in a bear market tend to have a pessimistic outlook. Their strategy is to acquire so-called short positions, for example, by selling securities in the hope that they will be able to buy them back at a much lower price, […]
Balance-sheet analysis Analysis of individual items on the balance sheet with the goal of evaluating a company’s economic situation Balance-sheet analysis can be subdivided into internal and external analysis. Internal balance-sheet analysis generates information on the company for the management staff, and is part of corporate controlling operations. In external balance-sheet analysis, outside persons or […]
American depositary receipt (ADR) A receipt issued by an American bank for foreign shares On NYSE and NASDAQ, investors trade ADRs instead of the shares they represent. American depositary share (ADS) Depositary shares by means of which the registered shares of foreign companies can be traded on the US exchanges NYSE and NASDAQ
Admissions Office Stock exchange body in charge of admitting securities to the Official Market (Amtlicher Markt) Before a security is admitted to the Official Market, the Admissions Office examines the listing prospectus to determine whether the issuer and the sponsoring bank have met admission and disclosure requirements. The Admissions Office comprises at least 20, but […]
Admission to the exchange Prerequisite for a listing on the stock exchange At FWB® Frankfurter Wertpapierbörse (Frankfurt Stock Exchange) the Admissions Office is responsible for deciding whether to admit securities to the Official Market; the admission of securities to the Regulated Market is determined by the Admissions Committee. Each market segment has its own admissions […]
Admission of securities to the Regulated Market Decision of the Admissions Office of an exchange to admit a security to the Regulated Market In order to have a security admitted to the Regulated Market, the issuer, together with an underwriting bank (a bank or investment company), must first submit an application and a listing prospectus […]