Glossary
- Safety cushion
- Sale in the open market
- Scale for bonds
- Scale for shares
- Schatz future
- SDAX
- Second Quotation Board
- Secondary market
- Secondary purchase
- Sector fund
- Sector index
- Securities
- Securities account
- Securities exchange
- Securities Trading Act
- Seed phase
- Semiannual report (funds)
- Sensitivity (warrants)
- Settlement
- Share
- Share buy-back
- Share price
- Share register
- Shareholder
- Shareholder rights
- Shareholder value
- Shareholders' record
- Shareholder’s right to information
- Sharpe-Ratio
- Shell corporation
- Short position
- Short sale
- SMAX
- SME Growth Market
- SPAC
- Special fund
- Specialised fund
- Specialized fund
- Spot market
- Spread
- Spread certificate
- Squeeze-out
- Standard deviation
- Startup company
- Startup phase
- Steady
- Stock corporation
- Stock cycle
- Stock exchange
- Stock Exchange Act (Börsengesetz)
- Stock exchange monopoly
- Stock index
- Stock market
- Stock market analysis
- Stock market crash
- Stock option
- Stock option plan
- Stock price
- Stock split
- Stop-buy order
- Stop-limit order
- Stop-loss limit
- Stop-loss order
- Stop-market order
- Stop-sell order
- STOXX Europe 50
- STOXX®
- Strike price
- Subscription
- Subscription period
- Subscription rights
- Support buying
- Support Line
- SWAP
- Switch
- Syndicate
- Syndicate bank
- Synthetic bonds
Specialised fund
The single cash price is determined primarily for stocks which, owing to their small trading volume, are not admitted to continuous trading.
Single cash prices are also determined for stocks admitted to continuous trading if there are orders that cannot be executed for lack of a suitable counterparty. However, the single cash price has become far less relevant for orders in continuous trading since a minimum trading unit of one share was introduced to floor trading at FWB Frankfurter Wertpapierbörse (the Frankfurt Stock Exchange) in June 1999.
A single cash price is determined according to the following regulations:
- The single cash price must enable the greatest number of shares to change hands (principle of highest volume transacted).
The procedure for determining the single cash price and the allocation of orders in cash trading are supported by the Xontro computer system.
Synonym: Cash settlement price
Deutsche Börse 
