Börse Berlin

Exchange Bodies

Börse Berlin AG

Börse Berlin AG is the responsible body of Börse Berlin (a public law institution) under private law.Board members are Dr. Jörg Walter and Artur Fischer. The Supervisory Board has currently got 5 members. Serge Demoliere is Chairman of the Supervisory Board. All shares of Börse Berlin AG are held by the Verein Berliner Börse e.V. whose members are the member banks of the exchange.

Organs of Börse Berlin (a public law institution) are the Exchange Council, the Management and the Trade Surveillance (HÜST).

Exchange Council

The Exchange Council of Börse Berlin is responsible for the law-making within Börse Berlin.It is a.o. responsible for the promulgation of the Exchange Rules, the Fee Regulations, the Terms and Conditions for Transactions, the admission regulations for exchange traders and the Terms and Conditions for the Open Market. The Exchange Council appoints the members of the Management and the Head of the HÜST and may also withdraw them. Decisions of fundamental importance require the consent of the Exchange Council. The Exchange Council consists of up to 24 members whose tenure of office is 3 years.

Management of Börse Berlin (a public law institution)

The Management is responsible for all aspects of organisation and the business process at the exchange. It decides about the admission of securities to the Regulated Market and the Open Market, the admission of companies and persons to exchange trading, about the trading of securities and about the cessation of price determination.

Trade Surveillance

The Trade Surveillance supervises trading at the exchange and the settlement of transactions. It gathers all data about exchange trading and the settlement of transactions, analyses them and conducts investigations if necessary. Moreover HÜST looks to the adherence to the rules and regulations of the exchange and the exchange law. In doing so it particularly monitors the price determinations. If irregularities occur HÜST informs the Management of the exchange and the Exchange Supervisory Authority.

The Trade Surveillance is an independent exchange organ. The Exchange Supervisory Authority may however issue instructions to HÜST.