Prague Stock Exchange
| Prague Stock Exchange | |
|---|---|
 |
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| Type | Stock exchange |
| Location | Prague, Czech Republic |
| Founded | 1993 |
| Owner | Wiener Börse AG |
| Key people | Petr Koblic General Director |
| Currency | CZK |
| No. of listings | 15 in SPAD[1] |
| Indexes | PX Index PX-GLOB |
| Website | www.pse.cz |
The Prague Stock Exchange or PSE (Czech: Burza cenných papírů Praha, a.s. or BCPP) is the Czech Republic's main securities market. Although Prague's first exchange opened in 1861, the present-day PSE was established on November 24, 1992, and trading started on April 6, 1993.
The Exchange is based on a membership principle that means only licenced securities traders who are Exchange members have access to the Exchange trading system. Through its members, the Exchange organizes the supply of and demand for listed securities, investment instruments, and other capital market instruments allowed by the Czech National Bank.
All activities of the Exchange and its members are under the regulation and surveillance of the Czech National Bank. The security and reliability of Exchange trading is provided for by an internal legislative framework (Exchange rules) which are fully harmonised with EU standards. The settlement of trades concluded on the Exchange is ensured by the Exchange subsidiary Central Securities Depository Prague. Trading is secured by the Exchange Guarantee Fund.
The Exchange offers its clients two basic trading systems:
- Trading system SPAD for large and medium investors;
- Trading modules auction and continual for small investors.
The Exchange trades (SPAD - open phase) from 09:15am to 04:20pm, Monday to Friday; it is closed on Saturdays, Sundays, and holidays declared by the Exchange in advance.[2]
Contents |
[edit] Trading
Trading is based on automated processing of instructions to buy and sell investment instruments, meaning that the Prague Exchange is a so-called electronic exchange. Trading at the Exchange is allowed only through its members.
Exchange markets:
- Shares
- Investment certificates
- Bonds
- Futures
- Warrants
[edit] Ownership
At the end of October 2008, the Prague and Vienna exchanges announced that negotiations were being finalized for the Vienna Stock Exchange to become a majority stakeholder. Prague Stock Exchange became a member of CEE Stock Exchange Group (CEESEG).
[edit] References
[edit] External links
- Prague Stock Exchange website (en)
- Quotes on the Prague Stock Exchange (en) history & real time
Coordinates: 50°05′22″N 14°25′35″E / 50.08944°N 14.42639°E
