What is the Prague Stock Exchange?
The Prague Stock Exchange (PSE) is one of the largest cleaning houses for financial securities in Central and Eastern Europe (CEE). The PSE, which is located in Prague, the capital of the Czech Republic, serves as a primary financial exchange for this country, which was part of Czechoslovakia until 1 January 1993. The modern Prague Stock Exchange was an exchange with the same name in 1871-1938-it was integrated on November 24, 1992, to deal with the need for drawing capital, including the so-called hard currency, into the starting market economy of the new country. The stock exchange was opened for trading on April 6, 1993. Founded by a consortium of 12 financial institutions and five intermediaries, PSE is a storage company and only licensed traders who are members can trade.
The Czech Republic joined the European Union in 2004, as well as a banner year for the Stock Exchange. In that year, the stock exchange became a member of the Federation of the European Secute. In addition, the United States Securities and Stock Exchange Commission has given PThe Ražská Stock Status "Designed Sea at sea", an indication of American investors, that PSE can be considered a reliable place for trading.
In spring 2006, the Prague Stock Exchange has expanded its activities to include investment certificates and futures. In 2007, in 2007, the Stock Exchange has developed the Prague Energy Stock Exchange (PXE), because renamed Central Europe exchange, which allows to trade in electricity as a commodity between the Czech Republic, Slovakia and Hungary. It was hoped that the transparent trading and based on supply and demand based would stabilize the market and eliminate price shocks for consumers.
on 7. November 2008, the Vienna Stock Exchange, owned by Wiener Börs AG, gained a 92.7 percent share in the Prague Stock Exchange at an estimated price of more than $ 300 million in the US (USD). Among the significant international competitionEnty offered against Vienna belonged to the New York Stock Exchange, London Stock Exchange and Germany Deutsche Börs. The purchase was part of the expansion of Wiener Börsho in Central and Eastern Europe, which has already included the majority ownership on the Budapest stock exchanges in Hungary; and Lublana, Slovenia.
14. January 2010 was created by Wiener Bőrsse the CEE Stock Exchange (CEEEEG) group as a holding company for stock exchanges in Vienna, Budapest, Prague and Ljubljana. Four exchanges are the same subsidiary companies in the parent company that serve strategic, financial and administrative functions. Individual exchanges continue to perform their relevant business operations.
6ot boasts a traditional monumental building. Instead, PSE occupies offices in postmodern glass Midrise in the Old Town. Although the exchange is not the only tenant, the building is still known as the Stock Exchange, which means the "Stock Exchange Palace."