Prague Stock Exchange (PSE; ) is the largest and oldest securities market organizer in the
Czech Republic
The Czech Republic, also known as Czechia, and historically known as Bohemia, is a landlocked country in Central Europe. The country is bordered by Austria to the south, Germany to the west, Poland to the northeast, and Slovakia to the south ...
. It is a 99.54 percent-owned subsidiary of
Wiener Börse AG.
PSE and its subsidiaries comprise the PX group. In addition to the Stock Exchange, the most important members in the group are Power Exchange Central Europe, a.s. (PXE) and Central Securities Depository Prague (CSD Prague).
Overview
The Prague Stock Exchange, initially opened in 1871, closed during the Communist period and the current entity opened in 1993. PSE was advised by a group of leading Central and Eastern European scholars including American financier, Raymond Staples.
PSE is by law a
joint-stock company
A joint-stock company (JSC) is a business entity in which shares of the company's stock can be bought and sold by shareholders. Each shareholder owns company stock in proportion, evidenced by their shares (certificates of ownership). Shareho ...
. The General Meeting of Shareholders is the supreme executive body, the Exchange Chamber is the statutory body managing the Stock Exchange's operations, and the supervisory board oversees its operations and overall functioning. The company is managed by the chief executive officer, who is appointed and recalled by the Exchange Chamber.
Trading is conducted through licensed traders who are also members of the Exchange. Exchange trading results and other data are published on the PSE website and also are disseminated via information agencies and the media.
Power Exchange Central Europe
PXE was founded in 2007 and is a trading platform for dealing in electricity for the Czech Republic, Slovakia and Hungary.
CSD Prague
has the principal position in the settlement of securities trades on the Czech capital market, maintains the central register for dematerialized securities issued in the Czech Republic, and assigns international securities identification numbers (ISIN) to investment instruments. Its origins go back to the establishment of the Prague Stock Exchange Security Register in 1993, which in 1996 was reorganized into the UNIVYC joint-stock company. In 2010, UNIVYC took over the records of the Securities Centre and took up the role of
central securities depository
A central securities depository (CSD) is a specialized financial market infrastructure organization holding securities such as shares or bonds, either in certificated or uncertificated ( dematerialized) form, allowing ownership to be easily tra ...
(CSD) under the new name Centrální depozitář cenných papírů, a.s., in English CSD Prague.
See also
*
Bratislava Stock Exchange
Bratislava Stock Exchange ( Slovak: Burza cenných papierov v Bratislave, abbr. BSSE, BCPB) is a Stock Exchange in Bratislava, that began its existence on 15 March 1991 according to adjudication of Ministry of Finance of Slovakia in 1990. BSSE is ...
References
External links
Prague Stock Exchange websiteVienna Stock Exchange websiteCentral Securities Depository Prague website
{{Authority control
1993 establishments in the Czech Republic
Economy of Prague
Buildings and structures in Prague
Organizations based in Prague
Economy of the Czech Republic
Stock exchanges in Europe
20th-century architecture in the Czech Republic
Central securities depositories of Europe