The SDAX (German abbreviation for Small-Cap-deutsche Aktienindex ) is a stock market index composed of 70 small and medium-sized companies in Germany . These so-called ' small caps ' rank directly below the MDAX (mid-cap) shares in terms of order book volume and market capitalization. They are thus the 91st–160th largest publicly traded companies in Germany.
21-702: The index is based on prices generated in the electronic trading system Xetra . 70 companies make up the index as of the quarterly review effective in February 2024. This article about stock exchanges is a stub . You can help Misplaced Pages by expanding it . Xetra (trading system) Xetra ( Market Identifier Code : XETR) is a trading venue operated by the Frankfurt Stock Exchange based in Frankfurt , Germany . In 2015, 90 percent of all trading in shares at all German exchanges
42-501: A stock exchange for almost half a century. Then in the 1989 the Ljubljana Stock Exchange was officially established. In the year 1993 LJSE introduced electronic trading on BTS - on complex Stock Exchange Information System three times a week, floor trading still remained on Tuesdays and Thursdays. The new system of electronic information dissemination - SEOnet was launched in year 2002. Three years later LJSE introduced
63-600: Is a stock exchange located in Ljubljana , Slovenia . It is Slovenia's only stock exchange. The exchange trades shares of Slovenian companies, as well as bonds and commercial papers . The only stockholder of the Ljubljana Stock Exchange is Zagreb Stock Exchange . The core business of the Ljubljana stock exchange is to ensure a secure, efficient and successful operation of the regulated segment of
84-410: Is a registered trademark of Deutsche Börse AG. The Xetra trading technology was positioned as a brand product while it was still being developed. The intention was to be able to better position Xetra among trading participants and in the public eye, and to license it to other exchange operators. The trading technology of Xetra was designed and implemented on the basis of Eurex trading technology; this
105-742: The European Commission . The existing Ljubljana Stock Exchange was established in 1989. However, brokerage in Slovenia has a much longer tradition: the first stock exchange in Ljubljana existed as early as in the period between 1924 and 1942. Unfortunately, during the Second World War the trading on the old exchange was suspended, and after the war also officially banned by a decree by the new communist regime which replaced monarchy in Yugoslavia. Slovenians were thus left without
126-706: The Zagreb Stock Exchange (since 2017). Eurex Bonds , the Deutsche Börse trading platform for government bonds, relies on the trading technology of Xetra. The New Generation Trading System in operation at the Shanghai Stock Exchange was also developed on the basis of the trading technology of Xetra. The trading technology of Xetra replaced the IBIS trading platform on 28 November 1997. Advocates cited execution prices in line with
147-734: The Federal Financial Supervisory Authority (BaFin). The admission of securities to the Frankfurt Stock Exchange and its trading venues Xetra and Börse Frankfurt does not require separate admission. Newly listed securities at the Xetra trading venue are automatically included in Börse Frankfurt trading. The organising companies of the Frankfurt Stock Exchange are Deutsche Börse AG and Börse Frankfurt Zertifikate AG . Xetra
168-480: The Ljubljana Stock Exchange operates through an electronic order book in the Xetra® trading system. Xetra® trading system was implemented at the Ljubljana Stock Exchange on December 6, 2010. The Slovene capital market is now more easily accessible, internationally comparable and competitive market. The exchange has pre-market sessions from 08:00am to 09:30am and normal trading sessions from 09:30am to 01:00pm on all days of
189-621: The Slovene capital market, in accordance with the law and other regulations. LJSE performs the following business activities: Additional activities include the services for trading members and listed companies. On 23 August 2023, the company formed EuroCTP as a joint venture with 13 other bourses, in an effort to provide a consolidated tape for the European Union , as part of the Capital Markets Union proposed by
210-939: The Vienna Stock Exchange similarly introduced Xetra at the Ljubljana Stock Exchange . The trading technology is also in operation at the Prague Stock Exchange (since November 2012), the Budapest Stock Exchange (since December 2013), the Irish Stock Exchange (since 2000), the Bulgarian Stock Exchange (since 2008), the Malta Stock Exchange (since 2012), the Cayman Islands Stock Exchange (since 2013) and
231-513: The Xetra trading venue. However, banks and online brokers do not face additional transaction costs for same-day partial executions and therefore most of them do not bill their clients additionally for partial executions. All listings are in euro including shares of secondary listings from issuers whose primary listing is in an other currency than the euro. With a view to improving the continuity of prices and to avoid mistrades (clearly erroneous trades ), several protective mechanisms are in place for
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#1732772186039252-695: The Xetra trading venue. These include volatility interruption, market order interruption, and liquidity interruption measures. Trading on the Xetra trading venue is governed by clear rules, which apply equally for all trading participants. Independent market surveillance is made up of the Trading Surveillance Office (HÜSt), the Exchange Supervisory Authority attached to the Hessian Ministry of Economic Affairs, Transportation, and Regional Development, and
273-708: The elite segment of the official market, listing Slovenia's prime companies, and named it Prime Market. In the middle of the year 2008 the first regional road-show of SE Europe, organized by all 8 exchanges from the region, was held in Zagreb. In 2008, the Wiener Börse (Vienna Stock Exchange) bought an 81% stake in the exchange. In 2010, ATVP, the Slovene market regulator restricted the Wiener Börse's voting rights. The rights would be restored only by either purchasing full ownership or no more than 25% stake. The case
294-444: The high turnover ( market liquidity ) on the Xetra trading venue, orders for securities are executed swiftly and at prices in line with the market. Moreover, this principle is supported by Designated Sponsors who post binding purchase and selling prices (quotes) on a continuous basis and thus ensure additional liquidity and fair prices. As all the exchange trading is transacted electronically, there can be partial execution of orders on
315-558: The international trading system Xetra allowing it to be integrated into an international capital market. In July 2015, the Wiener Börse sold the Ljubljana Stock Exchange to the Zagreb Stock Exchange ( Zagrebačka burza ). On 22 February 2016, the Ljubljana Stock Exchange, along with the Belgrade Stock Exchange , decided to join SEE Link, and EBRD -sponsored regional network for trading securities. Trading on
336-456: The market, low transaction costs, equality, geographical location, and the anonymity of trading partners in its favour. The main challenges discerned were to ensure system stability and availability, scalability, latency, and long-term growth in market activity. The name Xetra was coined by Manfred Gotta . Ljubljana Stock Exchange Ljubljana Stock Exchange or LJSE ( Slovene : Ljubljanska borza [ljubljanska boɾza] )
357-580: The new information system for the central storage of regulated information of all issuers on the LJSE. The exchange published the Slovene Capital Market Development Strategy. This document prepared in cooperation with the capital market participants addressed changing economic and financial circumstances. This strategy proposed the introduction of 'P accounts' in the third pension pillar. The exchange started trading on
378-507: The week except Saturdays, Sundays and holidays declared by the Exchange in advance. On the basis of meeting the LJSE liquidity criteria, securities are traded in the continuous or auction trading methods. The two trading methods ensure greater market integrity, improve best-price-forming mechanisms, and enable the Exchange and its members to set up internal controls and thus help identify potential cases of market manipulation . SBI TOP
399-639: Was taken to the Slovene Supreme Court which upheld the ATVP ruling. The Wiener Börse bought the remaining shares. In 2009, the CEE Stock Exchange Group (CEESEG) was established including the Wiener Börse and the stock exchanges of Budapest, Ljubljana and Prague. In the year 2010 there were three major events. The SBITOP Index as the first genuine LJSE blue-chip index became a benchmark index. The exchange launched INFO HRAMBA -
420-593: Was transacted through the Xetra trading venue. With regard to DAX listings, Xetra has 60 per cent market share throughout Europe . Trading times on trading days are from 9.00 a.m. to 5.30 p.m. The prices on Xetra serve as the basis for calculating the DAX, the best-known German share index . Over 200 trading participants from 16 European countries, plus Hong Kong and the United Arab Emirates , are connected via Xetra servers in Frankfurt am Main . Given
441-564: Was undertaken on behalf of Deutsche Börse AG by Andersen Consulting (nowadays Accenture) and Deutsche Börse Systems. Through its Deutsche Börse Cash Market business section, Deutsche Börse AG in Frankfurt/Main now operates two trading venues based on the trading technology of Xetra: Furthermore, the trading technology of Xetra has also been in use at the Vienna Stock Exchange since November 1999. In December 2010,
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