Börse Stuttgart is the sixth largest exchange group in Europe. It has strategic pillars in the capital markets business as well as in the digital and

cryptocurrency A cryptocurrency (colloquially crypto) is a digital currency designed to work through a computer network that is not reliant on any central authority, such as a government or bank, to uphold or maintain it. Individual coin ownership record ...

business. Börse Stuttgart Group employs around 700 people at its locations in

Stuttgart Stuttgart (; ; Swabian German, Swabian: ; Alemannic German, Alemannic: ; Italian language, Italian: ; ) is the capital city, capital and List of cities in Baden-Württemberg by population, largest city of the States of Germany, German state of ...

Berlin Berlin ( ; ) is the Capital of Germany, capital and largest city of Germany, by both area and List of cities in Germany by population, population. With 3.7 million inhabitants, it has the List of cities in the European Union by population withi ...

Frankfurt Frankfurt am Main () is the most populous city in the States of Germany, German state of Hesse. Its 773,068 inhabitants as of 2022 make it the List of cities in Germany by population, fifth-most populous city in Germany. Located in the forela ...

, Ljubljana,Spengler, Thomas (2021-06-05). "Börse Stuttgart weitet Kryptohandel aus". '' Börsen-Zeitung'' (in German). Retrieved 2024-03-26.

Milan Milan ( , , ; ) is a city in northern Italy, regional capital of Lombardy, the largest city in Italy by urban area and the List of cities in Italy, second-most-populous city proper in Italy after Rome. The city proper has a population of nea ...

Stockholm Stockholm (; ) is the Capital city, capital and List of urban areas in Sweden by population, most populous city of Sweden, as well as the List of urban areas in the Nordic countries, largest urban area in the Nordic countries. Approximately ...

, and

Zürich Zurich (; ) is the list of cities in Switzerland, largest city in Switzerland and the capital of the canton of Zurich. It is in north-central Switzerland, at the northwestern tip of Lake Zurich. , the municipality had 448,664 inhabitants. The ...

and holds a total of 16 licences from regulatory authorities in Germany,

Sweden Sweden, formally the Kingdom of Sweden, is a Nordic countries, Nordic country located on the Scandinavian Peninsula in Northern Europe. It borders Norway to the west and north, and Finland to the east. At , Sweden is the largest Nordic count ...

and

Switzerland Switzerland, officially the Swiss Confederation, is a landlocked country located in west-central Europe. It is bordered by Italy to the south, France to the west, Germany to the north, and Austria and Liechtenstein to the east. Switzerland ...

Capital markets business

In its capital markets business, Börse Stuttgart Group operates three stock exchanges in Germany, Sweden, and Switzerland: Börse Stuttgart, '' NGM'', and '' BX Swiss''. Börse Stuttgart is the leading stock exchange for structured securities and corporate bond trading in Germany. NGM and BX Swiss are the second-largest stock exchanges in Sweden and Switzerland. On the three exchanges, more than two million securities are listed. Additionally, the Group operates the regulated zero fee securities trading platform ''TradeRebel'' in Germany, and the European off-exchange trading network ''Cats''."Börse Stuttgart plant entgeltfreien Handel". '' Börsen-Zeitung'' (in German). 2022-12-14. Retrieved 2024-03-26."Görgens leitet Plattform Cats". '' Börsen-Zeitung'' (in German). 2018-07-18. Retrieved 2024-03-36. The Group also includes ''Euwax AG'', a broker that is internationally active as a liquidity provider in securities and cryptocurrency trading.

Börse Stuttgart Digital

Börse Stuttgart Group has bundled its entire digital and cryptocurrency business under the ''Börse Stuttgart Digital'' brand. Serving as an infrastructure partner, ''Börse Stuttgart Digital'' offers institutional clients trading and brokerage services, as well as cryptocurrency custody services. For retail clients, it offers the ''Bison'' app. Approximately one million end-users utilized the cryptocurrency offerings of Börse Stuttgart Digital in 2024. The digital and cryptocurrency business represents 25% of Börse Stuttgart Group's revenue.

For institutional clients

''Börse Stuttgart Digital'' is an infrastructure provider for banks, brokers, and other financial institutions in Europe. It provides institutional brokerage applications for bilateral OTC trading in digital assets. Börse Stuttgart Digital Custody holds the licence as a crypto custodian since March 2023 and the EU-wide MiCAR license since January 2025 from the German Federal Financial Supervisory Authority (BaFin).''Börse Stuttgart Digital Exchange'' is a regulated trading venue for cryptocurrencies, launched as a multilateral trading facility in 2019."Stuttgart startet Digital-Handelsplatz". '' Börsen-Zeitung'' (in German). 2019-09-24. Retrieved 2024-03-26. In 2024, Börse Stuttgart Digital became the infrastructure partner of DZ Bank and the cooperative financial group for the brokerage and custody of cryptocurrencies. The Swiss investment software provider ''Profidata'' integrated Börse Stuttgart Digital's solutions for brokerage and custody into its offering for institutional clients.

History

The first predecessor of Börse Stuttgart was founded in 1860 as ''Industrie-Börsenverein'' (a local industrial stock exchange association). On 12 March 1860, the first meeting of merchants trading in textiles took place in the Königsbau. On 11 February 1861, the ''Stuttgarter Börsenverein'' was founded, leading to the inauguration of a stock exchange, which served as the direct predecessor of the later Börse Stuttgart.Strüder, Hans-Joachim (2011-02-26). "Von der kleinen Regionalbörse zur führenden Börse für Private". '' Börsen-Zeitung'' (in German). Retrieved 2024-03-27. In May 1877, Charles I of Württemberg, along with the Stuttgart city council, issued a decree authorizing stock exchange and brokerage regulations. Following this decree, the courts began recognizing the prices set by the stock exchange."Die Börse – ein Spiegel des Wirtschaftsgeschehens Chronik". '' Stuttgarter Zeitung'' (in German). 2011-02-26. Retrieved 2024-03-27. Since 1866, Württemberg's daily newspapers had been printing a daily stock exchange price quote sheet, and in 1881, the first official quote sheet appeared. In the following years, the textile industry was replaced as the leading sector by mechanical and automotive engineering, chemicals and electrical engineering. In 1882, the stock exchange received its first telephone connection, which accelerated the processing of orders.''"''Mehr als kaufen und verkaufen. Die Stuttgarter Börse im Spiegel der Zeiten''". Stuttgarter Zeitung'' (in German). 2011-02-28. Retrieved 2024-03-27. The German stock exchanges did not operate during

World War I World War I or the First World War (28 July 1914 – 11 November 1918), also known as the Great War, was a World war, global conflict between two coalitions: the Allies of World War I, Allies (or Entente) and the Central Powers. Fighting to ...

and Börse Stuttgart remained closed until 1919. As a result of the global economic crisis and massive price losses, Börse Stuttgart closed again for several months in 1931. Due to air raids, Börse Stuttgart had to relocate in 1944. After

World War II World War II or the Second World War (1 September 1939 – 2 September 1945) was a World war, global conflict between two coalitions: the Allies of World War II, Allies and the Axis powers. World War II by country, Nearly all of the wo ...

, business was resumed in November 1945 in the burnt-out building of the ''Württembergische Landeskreditanstalt''. After the German currency reform of 1948 and the reorganisation of securities, official stock exchange trading was resumed. Börse Stuttgart relocated within Stuttgart again in 1969 and in 1974, the electronic processing of stock exchange transactions began. The ''Euwax'' trading segment for securitised derivatives was established in 1999. In November 2008, ''Börse Stuttgart'' acquired ''Nordic Growth Market AB'' (NGM), the second-largest stock exchange in Sweden. ''NGM'''s NDX segment for securitised derivatives is not only active in Sweden, but also in

Finland Finland, officially the Republic of Finland, is a Nordic country in Northern Europe. It borders Sweden to the northwest, Norway to the north, and Russia to the east, with the Gulf of Bothnia to the west and the Gulf of Finland to the south, ...

since 2010, in

Norway Norway, officially the Kingdom of Norway, is a Nordic countries, Nordic country located on the Scandinavian Peninsula in Northern Europe. The remote Arctic island of Jan Mayen and the archipelago of Svalbard also form part of the Kingdom of ...

since 2011, and in

Denmark Denmark is a Nordic countries, Nordic country in Northern Europe. It is the metropole and most populous constituent of the Kingdom of Denmark,, . also known as the Danish Realm, a constitutionally unitary state that includes the Autonomous a ...

since 2016. In 2014, Börse Stuttgart acquired 90% of the OTC trading network ''Cats'' from '' Citigroup''. In 2017, Börse Stuttgart acquired the majority of shares in ''BX Swiss AG'', completing the takeover in 2018. In January 2019, Börse Stuttgart launched the ''Bison'' app, at that time the only cryptocurrency trading app backed by a traditional stock exchange. The institutional digital business of Börse Stuttgart was established in 2022. In 2023, '' Axel Springer SE'' and ''SBI Digital Asset Holding'' deepened their investment in the entire digital and crypto business of Börse Stuttgart, which has since been bundled under the ''Börse Stuttgart Digital'' brand. In March 2023, ''Börse Stuttgart Digital Custody GmbH'' received the licence for its operations as a crypto custodian from the German Federal Financial Supervisory Authority (BaFin). In 2022, tokenised securities were traded on ''BX Swiss'' for the first time as part of a proof of concept. The trading transactions were processed via a blockchain. Börse Stuttgart also entered the zero-fee segment of securities trading. This included a ''BX Swiss'' offering in Switzerland and the launch of the regulated trading platform ''TradeRebel'' in Germany. At the beginning of 2023, Börse Stuttgart launched the ''Easy Euwax'' segment, which enabled trading in structured securities without exchange fees. In December 2023, Börse Stuttgart established a strategic partnership with the Swiss financial company '' Leonteq'', which acquired a 10% stake in ''BX Swiss''.

References

External links

Homepage of Börse Stuttgart

Homepage Börse Stuttgart Digital
{{DEFAULTSORT:Borse Stuttgart Financial services companies established in 1860 Stock exchanges in Germany Cryptocurrency exchanges Bitcoin exchanges 19th-century establishments in Württemberg German companies established in 1860