Boerse_Berlin_Equiduct

Monitoring 25 Market Surveillance (HÜST) German exchange law stipulates that each exchange must have Market Surveillance (in German: Handelsüberwachungsstelle (HÜST)) as an independent exchange function. Market Surveillance gathers and analyses all data produced during exchange trading and monitors the price determination in real time. It ensures that all prices are in line with the market. Furthermore, it supervises the market participants’ compliance with the exchange rules and regulations and carries out investigations if a market participant has violated the rules. Market Surveillance immediately reports any irregular practices to the Management Board of BSX, who then takes appropriate measures. It also reports to the Federal State’s Exchange Supervisory Authority (in German: Börsenaufsichtsbehörde) independently. In the case of irregularities regarding insider trading or suspicion of market price manipulation, Market Surveillance informs the Federal Financial Supervisory Authority (BaFin). Trading participants may contact HÜST whenever they have questions by simply writing an email to surveillance@boerse-berlin.de. The Exchange Supervisory Authority BSX is supervised by the competent federal state authority of the Federal State of Berlin – the Exchange Supervisory Authority. In Germany, Exchange Supervisory Authorities in general are part of the Economy or Finance ministries of the federal states. The competences of the Exchange Supervisory Authority range from the authorisation of an exchange (or the closing of it) to the supervision of correct trade procedures and exchange transactions ClearingMonitoring

Boerse_Berlin_Equiduct

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