Börse Berlin

File:Berlin Stock Exchange 1886.jpg

File:Börse Berlin 1998 2.jpgThe Berlin Stock Exchange was established by Elector Friedrich Wilhelm on June 29, 1685, with the first trading session held on February 25, 1739. Trading initially occurred on the upper floor of the former Lusthaus in the Lustgarten, near the Berlin Cathedral and the Berliner Stadtschloss. This building was demolished before 1798 and replaced with a new exchange building on the same site. In 1803, the United Stock Exchange Corporation assumed operations, followed by the newly established Corporation of Berlin Merchants in 1820 Berliner Kaufmannschaft.

Between 1859 and 1863, architect Friedrich Hitzig constructed a new building for the exchange at Burgstraße 25–26, across the Spree River. Opening on October 1, 1863, the exchange became informally known as "The Burgstrasse" due to its location. Construction costs totaled approximately 700,000 Thalers. Prior to the outbreak of World War I, the Berlin Stock Exchange was one of the world’s three largest exchanges, along with those in London and New York City. It closed on July 30, 1914, following Russia’s general mobilization, and resumed unrestricted trading on November 2, 1917.

In 1920, when the corporation of Berlin Merchants merged with the Berlin Chamber of Commerce, ownership of the stock exchange was transferred to the latter. In 1922, the Stock Index of the Statistical Office was calculated for the first time, based on the average price level of around 300 representative shares of the Berlin Stock Exchange. The Wirtschaftsrundfunk (Wirtschaftsrundfunk), an agency for business news, maintained an office in the stock market. On May 13, 1927, Black Friday saw the stock index collapse by 31.9 percent.[http://www.zeit.de/1967/14/der-schwarze- Friday The Black Friday .] In: The Time, No. 14/1967. By the end of 1926, 917 public companies were trading on the Stock Exchange, but by the end of 1932, only 659 remained. The number of listed companies dropped to 450 by 1943.Deutsche Bundesbank: German money and banking in numbers 1876–1975. Fritz Knapp publishing house, Frankfurt / Main 1976, {{ISBN|3781901653}}. Second World War led to the suspension of price determination by the Reich Statistical Office in 1943 (Statistische Reichsamt).

On May 24, 1944, the stock exchange building burned down after an air raid. The ruins were demolished in 1957 and 1958.Götz Eckardt (ed.) And others: Fates of German monuments in the Second World War . Henschelverlag Kunst und Gesellschaft, Berlin 1978, vol. 1, p. 45 For many years, remnants of the building such as pillar parts and façade decoration were visible behind a construction fence until new construction began in 2001.

On March 11, 1952, official trading reopened in West Berlin, with meetings held in the Lodge House on Emser Straße until the completion of a new stock exchange building.{{Cite web |title=Geschichte |url=https://www.boerse-berlin.de/index.php/Boerse_Berlin/Geschichte |access-date=26 April 2025 |website=Börse Berlin |language=de}} However, the stock market's economic significance was lessened by the emigration of German companies due to the war.

A competition was announced for the new building for both the Chamber of Commerce and Industry and the stock exchange, which was won by architects Franz Heinrich Sobotka and Gustav Müller. The inauguration of the new building on Fasanenstraße took place on June 18, 1955.

To address internationalization and growing consolidation pressure in the mid-nineties, Börse Berlin pursued diversification, trading a wide range of foreign stocks and bonds.

In September 2007, Börse Berlin AG acquired a majority stake in EASDAQ NV, which operates under the Equiduct brand. The launch of the Equiduct marketplace took place on March 20, 2009.

On July 21, 2009, Equiduct entered into a strategic partnership with Citadel Securities, a division of Citadel Investment Group, L.L.C.. The agreement between Citadel Securities and Börse Berlin AG provided funding for Equiduct to develop its platform. Equiduct continues to be operated by Börse Berlin on the newly created market segment Berlin Second Regulated Market (B.S.R.M.).

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In October 2019, [https://www.tradegate.de/ Tradegate Exchange GmbH], the stock exchange operator, announced the completion of a share deal to acquire 100 percent of the shares in Berlin Börse AG, the operating company of the traditional Berlin Stock Exchange and Equiduct. In return, the Verein Berliner Börse e.V., the previous owner of the Berlin Börse AG, received a stake in the Tradegate Exchange GmbH. According to the agreement, Tradegate Exchange, Börse Berlin, and Equiduct, will operate and continue to be developed jointly.

The Exchange Council of Börse Berlin appointed Friederike von Hofe as the managing director of Börse Berlin starting from August 1, 2020. Additionally, the supervisory board of the sponsoring company appointed von Hofe as a member of the executive board of Börse Berlin AG.

Until June 2022, Börse Berlin was headquartered in Ludwig-Erhard-Haus, a building designed by Nicholas Grimshaw at the Fasanenstraße 85 in the Charlottenburg district. Since June 2022, Börse Berlin has been located at Kurfürstendamm.

• List of European stock exchanges
• List of major stock exchanges
• Wirtschaftswunder

{{reflist}}

• https://www.boerse-berlin.de
• Börse Berlin Equiduct Trading
• [https://web.archive.org/web/20021003004435/http://www.berlin.ihk24.de/share/leh-berlin/ Ludwig Erhard Haus]
• [https://web.archive.org/web/20110715180747/http://rfpconnect.com/news/2010/6/8/knight-invests-in-equiduct-systems Knight Invests in Equiduct Systems]
• {{PM20|FID=co/002969|TEXT=Documents and clippings about|NAME=}}

{{Stock exchanges in Germany}}

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Category:Financial services companies established in 1685

Category:Economy of Berlin

Category:Companies based in Berlin

Category:Stock exchanges in Germany

Category:Companies listed on the Frankfurt Stock Exchange