Boerse Stuttgart

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Boerse Stuttgart
Boerse Stuttgart Logo.png
Founded 1860
Headquarters Stuttgart, Germany
Twitter @boersestuttgart
LinkedIn Profile
Website Boerse Stuttgart Home

Boerse Stuttgart is the German name for the Stuttgart Stock Exchange. It is the second largest stock exchange in Germany. It offers trading in equities, securitized derivatives, cryptocurrencies, investment funds and participation certificates.

History[edit]

The exchange was founded in 1861, one year after the founding of the local industrial stock exchange association.

At the time of its founding, it was located in the center of Stuttgart. It initially helped finance new technologies and products during the industrial revolution in the 19th century. Later, after 1945, Boerse Stuttgart was key in the development of the southwest part of Germany.

Today, Boerse Stuttgart is active in countries besides Germany, including the Scandinavian market.

In August 2021, Boerse Stuttgart announced a deal with Tradeweb Markets to integrate Tradeweb’s live streaming prices for U.S. corporate bonds on Boerse Stuttgart’s bond order book.[1]

Cryptocurrency products and trading[edit]

BSDEX[edit]

In August 2018, Boerse Stuttgart announced that it was developing the infrastructure for the regulated issuance and trading of initial coin offerings, a once-popular funding mechanism for start-ups in the digital asset sector.[2][3]

The exchange announced on December 12, 2018 that solarisBank, a Berlin fintech company, had agreed to provide banking services for a new cryptocurrency trading platform.[4] Boerse Stuttgart also partnered with Japanese investment firm SBI, German print publisher Axel Springer, and online broker and data provider finanzen.net for the development.[5][6]

On September 23, 2019, the Boerse Stuttgart Digital Exchange (BSDEX) privately launched trading beginning with bitcoin-euro trading. Intended to be available to investors throughout the European Union (EU), it was registered with the German authorities as a multilateral trading facility, a type of OTC trading platform under EU regulation. It listed Ethereum (ETH), Litecoin (LTC)and Ripple (XRP) in addition to bitcoin against euros. [7][8] One year later trading was still only available to German residents according to BSDEX.[9]

Crypto ETPs[edit]

On April 2, 2019, Boerse Stuttgart announced that it had launched four exchange-traded funds (ETFs), which are a form of exchange-traded product (ETP), tied to the prices of two different cryptocurrencies - specifically, Ripple and Litecoin. These products were designed to familiarize investors with trading digital assets without their actually having to purchase them. They were released through XBT Provider, a Stockholm-based firm that has launched a number of investment products tied to digital assets since 2015.[10]

On May 9, 2019, Boerse Stuttgart listed exchange-traded notes, again based on XRP and Litecoin.[11]

Bison[edit]

Boerse Stuttgart announced on April 12, 2018 that its subsidiary, Sowa Labs, was in the process of developing a mobile application for cryptocurrency trading called Bison, which will support trading in bitcoin, Ether, XRP and Litecoin.[12] In addition to these and other features, the platform provides an information service that scans Twitter for news about cryptocurrencies.[13]

In January 2019, Boerse Stuttgart launched Bison for German residents only. In doing so, it became the first fully-regulated stock exchange to offer cryptocurrency trading services. Alexander Höptner, the company's CEO and former IT chief, led the creation of the platform, which will rely on two foreign cryptocurrency exchanges - the U.S. exchange Kraken and the U.K. exchange Bitstamp. The app is currently available only to German residents, but the company plans to launch support for non-German residents in the future.[14][15]

Boerse Stuttgart announced at the end of March 2020 that Bison had reached the level of 100,000 active users. It also noted at the time that the users could be residents of any country of the European Economic Area (E.U. members, Iceland, Liechtenstein and Norway) as well as Switzerland. The company also stated that it was developing a desktop version of the Bison application.[16]

Bison announced in early December 2020 that it had already traded more than €1 billion ($1.21 billion) that year.[17]

Startbase[edit]

In September 2019, the exchange announced the launch of an online start-up platform called Startbase, with the goal of providing a central map of the entire German start-up "ecosystem." Boerse Stuttgart partnered with the Deutsche Startups Association and began with more than 750 firms and over 600 startup companies.[18]

Products and Services[edit]

  • Equities
  • Securitized Derivatives
  • Bonds
  • investment fund units
  • Profit participation certificates
  • Cryptocurrencies

Key People[edit]

References[edit]