Boerse_Berlin_Equiduct

7 Organisation Organisation of Börse Berlin Börse Berlin AG is the private law operator of Börse Berlin (a public law institution). Board members are Dr. Jörg Walter (marketplace XONTRO) and Artur Fischer (marketplace Equiduct). All shares of Börse Berlin AG are held by the Verein Berliner Wertpapierbörse e.V., a non-commercial organisation, whose members are member banks of the exchange. Bodies of Börse Berlin (a public law institution) are the Exchange Council, the Management Board, the Market Surveillance (HÜST) and the Penalty Committee. All bodies of Börse Berlin are responsible for both marketplaces: XONTRO and Equiduct. In layman’s terms the public law entity Börse Berlin defines and monitors the rules for trading and admission of trading participants. Börse Berlin AG has to provide the financial and technical means as well as the necessary staff to offer the marketplaces. When approving the operation of Börse Berlin (the public law institution) the state of Berlin conferred certain administrative rights on it. The State of Berlin is liable for all actions of the public law entity. Börse Berlin AG is a commercial company like any other. Its commercial relationship to its contracting parties is governed by civil law and therefore on a level playing field. For readability this brochure differentiates Börse Berlin AG and Börse Berlin, the public law institution, by addressing the latter as “BSX” and the former as “Börse Berlin AG”. ClearingMonitoringMarketModelAdmissionOrganisation

Boerse_Berlin_Equiduct

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