Budapest Stock Exchange

Budapest Stock Exchange
Budapesti Értéktőzsde
TypeStock exchange
Location55 Krisztina boulevard, Budapest, Hungary
FoundedJanuary 18, 1864 (1864-01-18) (original incarnation)
June 21, 1990 (1990-06-21) (reinstated)
OwnerHungarian private investors and the central bank
Key peopleRichárd Végh (CEO)
CurrencyHungarian forint
No. of listings157 (June 2024)[1]
Market capUS$ 42,0 billion equities
(June 2024)[2]
VolumeUS$ 36,8 million daily
(May 2024)[3]
Indices
Websitebse.hu
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Budapest Stock Exchange (BSE) (Hungarian: Budapesti Értéktőzsde (BÉT)) is the 3nd largest stock exchange in Central and Eastern Europe by market capitalization and liquidity.[4] It is located at 55 Krisztina Boulevard, Budapest, Hungary, in the Buda Centre of the Hungarian National Bank[5] Previously, from 1864, during the Austro-Hungarian Empire it was located in the Budapest Stock Exchange Palace building, until a large trading floor was necessary.[6] The exchange is controlled by listed issuers, by Hungarian private investors and by the central bank.[7] The BSE is member of the World Federation of Exchanges and the Federation of European Securities Exchanges.[8]

Since its reinstatement in 1990, the Budapest Stock Exchange accounts for all the turnover in the Hungarian market and a large share of the Central and Eastern European market. In 2007, BSE agreed to move to abolish floor trading, the trading today takes place via the Xetra system, with redundant floor brokers taking on the role of market-makers.[9][10] Xetra is the reference market for all exchange trading in Hungarian equities and exchange traded funds. The prices on Xetra serve as the basis for calculating the BUX, the best-known Hungarian share index. Xetra has 60 per cent market share throughout Europe with over 230 trading participants from 18 European countries, plus Hong Kong and the United Arab Emirates are connected via Xetra. Xetra trading at Budapest runs from 09:00 to 17:00 with closing auction from 17:00-17:05, and post-trading trading times until 17:20. BSE was introduced a pre market trading from 08:15 to 08:30 and an opening auction call from 08:30 to 09:00.[11]

On 23 August 2023, the company formed EuroCTP as a joint venture with 13 other bourses, in an effort to provide a consolidated tape for the European Union, as part of the Capital Markets Union proposed by the European Commission.

  1. ^ "List of Issuers". Budapest Stock Exchange. Retrieved 12 June 2024.
  2. ^ "Market Overview, equity indices". Budapest Stock Exchange. Retrieved 12 June 2024.
  3. ^ "Prices And Markets - Transaction Data". Budapest Stock Exchange. Retrieved 12 June 2024.
  4. ^ "Originally established in 1864, today it is the second most liquid stock market in the Central and Eastern European region, with the total market capitalisation of listed firms standing at approximately US $33.8 billion". 22 February 2018.
  5. ^ "Headquarters of the Budapest Stock Exchange". Archived from the original on March 27, 2017. Retrieved May 11, 2017.
  6. ^ "1864-1914: An Exchange Is Born". Archived from the original on March 27, 2017. Retrieved May 11, 2017.
  7. ^ "Hungary c.bank buys majority stake in Budapest Stock Exchange". portfolio.hu. 2015-11-25. Retrieved 2015-11-25.
  8. ^ "Full Members". Federation of European Securities Exchanges. Archived from the original on June 15, 2017. Retrieved May 24, 2017.
  9. ^ "Introduction". Budapest Stock Exchange. Retrieved May 24, 2017.
  10. ^ "Can Xetra jump-start Budapest bourse?". Budapest Business Journal. Retrieved May 24, 2017.
  11. ^ "Trading hours". Budapest Stock Exchange. Archived from the original on July 7, 2017. Retrieved May 24, 2017.

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