DEFINITION of 'Hamburg Stock Exchange (HAM) .H'

This now-defunct exchange was located in Hamburg, Germany. It traded stocks, bonds and other securities and was a financial pillar of the city. It offered investment plans such as FONDS-X that impacted both open and closed-end funds.

BREAKING DOWN 'Hamburg Stock Exchange (HAM) .H'

The HAM was the oldest stock exchange in Germany, founded in 1558. The Hamburg Stock Exchange merged with the Hanover Stock Exchange in 1999 to form the BOAG Borgen AG. However, the Frankfurt exchange has made this new entity virtually obsolete. The former exchange ran from 9:00 AM to 8:00 PM.

RELATED TERMS
  1. Closed-End Management Company

    A closed-end management company is an investment company that ...
  2. Closed-End Fund

    A closed-end fund is created when a mutual fund raises money ...
  3. Exchange

    An exchange is a marketplace in which securities, commodities, ...
  4. Regional Stock Exchange

    A regional stock exchange is a place outside of a country's primary ...
  5. Equity Market

    An equity market is a market in which shares are issued and traded, ...
  6. Stock Market

    The stock market consists of the exchanges or OTC markets in ...
Related Articles
  1. Investing

    What Are the Advantages of Closed-End Funds?

    Often forgotten, closed-end funds are publicly traded and can be found on the secondary market.
  2. Financial Advisor

    Why You Should Consider These Closed-End Funds

    Advisors looking to recommend closed-end funds to clients might want to consider ones that have withstood the test of time. Here are a few examples.
  3. Investing

    Stock Exchanges Around The World

    We tell you about five of the most popular stock exchanges from around the globe.
  4. Investing

    Closed-End Vs Open-End Funds

    Much like an individual’s wardrobe, many portfolios are collections of separate items. They combine stocks and bonds and other investments into one product.
  5. Investing

    An Introduction to Closed-End Mutual Funds

    If you're looking to generate income for your investments, consider closed-end mutual funds.
  6. Financial Advisor

    The 3 pillars of corporate sustainability

    Corporate sustainability refers to corporations delivering goods and services in a sustainable manner. It has three parts: environmental, social, and economic.
  7. Tech

    190 Cryptocurrency Exchanges: So How to Choose

    With the plethora of digital currency exchanges, how can an investor choose the right one?
  8. Insights

    The NYSE and Nasdaq: How They Work

    Learn some of the important differences in the way these exchanges operate and the securities that trade on them.
RELATED FAQS
  1. What does it mean when my broker says that shares are for auction?

    An auction market is one in which stock buyers enter competitive bids and stock sellers enter competitive offers at the same ... Read Answer >>
  2. Move from an OTC to a major exchange

    In order to move a company from over-the-counter market to a major exchange, a number of conditions must be met to being ... Read Answer >>
  3. Who uses bills of exchange?

    Find out who uses bills of exchange, why they are important in international trade and what happens when a bill is traded ... Read Answer >>
  4. Why are traders on the floor of the exchange?

    Learn how trading on the floor of the stock exchange has evolved over time with computers now managing the majority of buying, ... Read Answer >>
Hot Definitions
  1. Gross Profit

    Gross profit is the profit a company makes after deducting the costs of making and selling its products, or the costs of ...
  2. Diversification

    Diversification is the strategy of investing in a variety of securities in order to lower the risk involved with putting ...
  3. Intrinsic Value

    Intrinsic value is the perceived or calculated value of a company, including tangible and intangible factors, and may differ ...
  4. Current Assets

    Current assets is a balance sheet item that represents the value of all assets that can reasonably expected to be converted ...
  5. Volatility

    Volatility measures how much the price of a security, derivative, or index fluctuates.
  6. Money Market

    The money market is a segment of the financial market in which financial instruments with high liquidity and very short maturities ...
Trading Center