The Berlin Stock Exchange (XBER): An Overview

The Berlin Stock Exchange (XBER), also known as the Börse Berlin, is one of the oldest stock exchanges in Germany, founded in 1685. It operates two trading systems, Xontro and Equiduct.

International investors use the XBER to trade in stocks, bonds, certificates, warrants, public funds, exchange-traded funds (ETFs), and exchange-traded commodities (ETCs).

Trading starts at 8 a.m. and operates until 8 p.m. Berlin time.

Trades are conducted in euros.

The Berlin Stock Exchange in Depth

The Berlin Stock Exchange has strong international leanings, with shares offered in companies based in 82 nations. Most NASDAQ stocks are listed on XBER, as are major companies based in China and South Africa.

Key Takeaways

  • The Berlin Stock Exchange, or Börse Berlin, is one of Germany's oldest markets, founded in 1685.
  • Many international equities, as well as German stocks and bonds, are bought and sold at Börse Berlin.
  • Trading is in euros.

The Berlin Stock Exchange operates two distinct marketplaces: Xontro is the trading and settlement system for XBER and all other floor exchanges in Germany. ETS, under the brand name Equidict Systems Ltd., is the electronic trading platform and is responsible for XBER operations and maintenance.

Notable Dates in XBER History

Dating from the 17th century, the German Stock Exchange was one of the world's most important stock exchanges, along with those in London and New York, until 1914. Trading was halted throughout World War I and the stock exchange building was destroyed in World War II.

Today's exchange has global ambitions, with stocks and bonds from many nations attracting an international investing clientele.

1685: XBER is founded through an edict of Friedrich Wilhelm, Elector of Brandenburg, as a place for the city's guilds of chandlers and dressmakers to do business.

1739: The first formal trading session takes place. 

1840: Railway shares are quoted for the first time. Banking and mining stocks follow over the next eight years.

May 13, 1927

The date of the German Stock Exchange's "Black Friday."

1912: A metal exchange is added for trading in copper, zinc, lead, aluminum, and antimony.

1916-1918: The exchange is halted due to World War I.

1927: On May 13, the stock market collapses. The event goes down in history as Germany's Black Friday.

1933-1945: Various government interventions, including price-fixing, by the National Socialist (Nazi) government, cripples and finally halts the operation of the stock exchange.

1945: The exchange building is left in ruins by Allied bombing at the end of World War II.

1950: Trading resumes in temporary quarters.

1955: A new exchange building is dedicated.

1974: The exchange is enhanced with new computer technology. Transactions begin to be processed electronically and then, in the early 1980s, digitally.

1987: The Regulated Market and the Open Market are established as separate market segments. 

1992: XBER begins to use the Xontro trading system. 

1996: A new exchange building is opened.

1997: XBER establishes its internet presence.

2009: The Equiduct system is launched.