Exchange Operating Board

Body of the stock exchange responsible for operating the exchange in keeping with stock exchange rules and regulations

Members of the Exchange Operating Board (Börsengeschäftsführung) are appointed and dismissed by the Exchange Council, in conjunction with the Exchange Supervisory Office. Section 3e of the German Stock Exchange Act stipulates that one or more persons can be appointed to the Börsengeschäftsführung for a maximum term of five years; a second term is also allowed. Business managers represent the exchange both in and out of court.

The Exchange Operating Board is above all responsible for deciding which participants are to be admitted to exchange trading, regulating the organisation of the exchange, handling business matters, and ensuring that trading takes place smoothly. To this end, it has the power to suspend or temporarily interrupt trading.

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