What Is the Paris Stock Exchange?

The Paris Stock Exchange is the largest stock exchange in France and was formally established in 1724. Securities are listed on the exchange through banks, and there are bank representatives on the exchange to serve customers, but securities trading must be conducted through a securities broker. Brokers were appointed by the Ministry of Finance and Economy. In March 1983, there were 99 people, including 71 in Paris and 28 in other provinces. The securities broker accepts the client's entrustment to buy and sell securities, grasps the supply and demand quantity of the buyer and seller, and the required price range, carries out the buying and selling on behalf of the client, and receives commission from it. The price of securities is determined by the relationship between supply and demand, and the official list price is announced by the Exchange Business Committee after hearing the opinions of the brokers' association. ^[1]

Paris Stock Exchange

In France from 1961, all exchanges implemented a "single price". The Paris Stock Exchange issues national, international and

(1) The Association of Brokers, composed of the brokers of 7 French exchanges, is a private institution;

(2) The Operation Committee of the Exchange, established in 1967, is a state agency. The chairman is appointed by the Council of Ministers. In addition, a member of the Treasury Department serves as a government commissioner to participate in the committee. Its role is to provide opinions and suggestions on major issues (such as the establishment or revocation of exchanges, modify the current legal charter), and to make decisions on some technical issues. Such as determining the amount of margin required by the futures exchange and deciding the commission rate; after consulting the industry association, make a final decision on the securities that are included in the official list or the securities that are cancelled for listing; and submit daily and annual reports to the President of the Republic. Paris Stock Exchange ranks fourth among major exchanges in the world, after New York, Tokyo and London.