Dusseldorf Stock Exchange (DUS)

What Is the Dusseldorf Stock Exchange (DUS)?

The term Dusseldorf Stock Exchange refers to a German stock exchange located in Dusseldorf. Commonly referred to as the Borse Dusseldorf, it also provides information and consulting services. Once operating with a physical trading floor, the exchange is now fully electronic for trading stocks, bonds, and other types of securities.

Understanding the Dusseldorf Stock Exchange (DUS)

Germany is home to eight different stock exchanges. The Frankfurt Stock Exchange (FRA)—also called the Borse Frankfurt—is the country's largest exchange and is among the world's biggest by market capitalization. The country's other exchanges include the Hamburg Stock Exchange, the Stuttgart Stock Exchange, and the Dusseldorf Stock Exchange.

The Borse Dusseldorf traces its origins back to the mid-1800s, when it started out as a market for cereal trading. As mentioned above, the exchange had a physical trading floor where trading took place. But this changed in 2000, when it adopted electronic trading through Quotrix and Xontro. It was acquired by Boag in 2017, which also owns and operates the Hamburg and Hannover stock exchanges.

The Dusseldorf exchange is located in North Rhine-Westphalia, one of the most important economic and financial locations in Germany. According to its website, there are more than 17,000 securities listed on DUS including bonds, investment funds, stocks, exchange traded funds (ETFs), and asset class commodities. It has nine of the DAX 30 companies—the most important companies in Germany—roughly 400 banks, savings banks, and financial services institutions, along with more than 170 insurance companies.

Investors can trade shares, ETFs, and other types of investment funds for 12 hours from 8:00 a.m. to 8:00 p.m. Monday to Friday. Bond trading is open to traders between 8:00 a.m. and 5:30 p.m. on weekdays. The exchange remains open without a lunch break during the week and is closed on weekends.

Traders can take advantage of extended trading hours outside the regular trading day, although trading volume during these times may be much lower. Anyone who trades after hours may experience higher spreads, increased volatility, and higher degrees of risk.

Special Considerations

The Dusseldorf Stock Exchange offers an optimal platform for initial listings of securities, especially for smaller and mid-sized companies. Subscribers can get real-time quotes online, directly from the exchange. The following features and benefits are offered to those who trade on the exchange:

• Mandatory tradable quotations in all products
• Price determination for shares within the Xetra range
• Special features in discounted trading
• Guaranteed full execution within the displayed volume
• Ongoing price determination for funds
• No exchange costs in electronic Quotrix trading

The exchange offers what it calls the Quality Trader Club, which offers traders and other market participants a platform with information and trading. The exchange boasts more than 10,000 members. Membership to this club is free and nonbinding and provides access to features such as real-time data, events, and virtual depots, where investors can watch their securities and investments or try alternative trading strategies.