A , still also mentioned, is responsible for the determination of stock exchange prices at a German stock exchange.

Since that 3. Financial market promotion law is not differentiated no more between official and free Rather there are now only to stock exchange dealer, which act only with effects, and who tighten courses. can care for both official and securities of the regulated market and the Freiverkehrs. The reason for the transition lies among other things in the outstanding monitoring and regimentation of the stock exchange enterprise by the commercial supervisory body of the stock exchange the Federal Institution for supervision of financial service (BaFin) and the stock exchange authority of the respective Land of the Federal Republic. The designation "is however maintained because of the commonness.

The task of a consists in the determination of stock exchange prices corresponding to real market conditions of its cared for Skontro out. A Skontro is an electronic order book with that the all available Orders of a security to make itself evident can. The stock exchange courses of most securities are determined after the To determine hereunder applies it the course, to which the largest paragraph is acted with the smallest overhang/Unterhang. Additionally course continuity must be kept, be avoided thus to large course jumps (with an announcement of plus/minus to be announced before). However derivatives (products structured), which are gepreist by their emitter off-board in Market Making, acted after the Market Maker system. Market prices of a derivative more badly than the ratio (money and selling rate) of the Market Makers may not be determined.

Articles in category "Skontrofr"

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