Bern eXchange
Encyclopedia
Berne eXchange is the stock exchange
of Bern, Switzerland
. BX and the much larger SWX Swiss Exchange
based in Zürich
are the only stock exchanges in Switzerland.
s and fourteen private enterprises. It saw a relatively small volume of trading up until World War I
. In 2002, BX introduced a fully electronic trading platform
with an open, extensible application programming interface (API).
Unlike its competitors in Basel
, Geneva
and Zurich, it did not participate in the 1995 merger that led to the creation of SWX(Now known as SIX). BX has retained the legal form of a private association under Swiss law, and its members are the major banks operating in Bern, including UBS and Credit Suisse Private Banking
.
s (SMEs) that consider a listing at SWX too big a step or too expensive. The market value of the fifty companies whose stock is traded on the exchange was CHF 11,410,000,000 (USD 9,500,000,000) in 2006, compared to more than CHF 1,000,000,000,000 at SWX.
Notable listed companies include:
Stock exchange
A stock exchange is an entity that provides services for stock brokers and traders to trade stocks, bonds, and other securities. Stock exchanges also provide facilities for issue and redemption of securities and other financial instruments, and capital events including the payment of income and...
of Bern, Switzerland
Switzerland
Switzerland name of one of the Swiss cantons. ; ; ; or ), in its full name the Swiss Confederation , is a federal republic consisting of 26 cantons, with Bern as the seat of the federal authorities. The country is situated in Western Europe,Or Central Europe depending on the definition....
. BX and the much larger SWX Swiss Exchange
SWX Swiss Exchange
SIX Swiss Exchange , based in Zurich, is Switzerland's principal stock exchange . SIX Swiss Exchange also trades other securities such as Swiss government bonds and derivatives such as stock options.The main stock market index for the SIX Swiss Exchange is the SMI, the Swiss Market Index...
based in Zürich
Zürich
Zurich is the largest city in Switzerland and the capital of the canton of Zurich. It is located in central Switzerland at the northwestern tip of Lake Zurich...
are the only stock exchanges in Switzerland.
History and membership
BX was founded in 1880 as the Berne Bank Association and formalised in 1884 as the Berne Bourse Association (Berner Börsenverein, BBV) by all nine Bernese bankBank
A bank is a financial institution that serves as a financial intermediary. The term "bank" may refer to one of several related types of entities:...
s and fourteen private enterprises. It saw a relatively small volume of trading up until World War I
World War I
World War I , which was predominantly called the World War or the Great War from its occurrence until 1939, and the First World War or World War I thereafter, was a major war centred in Europe that began on 28 July 1914 and lasted until 11 November 1918...
. In 2002, BX introduced a fully electronic trading platform
Electronic trading platform
In finance, an Electronic trading platform is a computer system that can be used to place orders for financial products over a network with a financial intermediary. This includes products such as shares, bonds, currencies, commodities and derivatives with a financial intermediary, such as a...
with an open, extensible application programming interface (API).
Unlike its competitors in Basel
Basel
Basel or Basle In the national languages of Switzerland the city is also known as Bâle , Basilea and Basilea is Switzerland's third most populous city with about 166,000 inhabitants. Located where the Swiss, French and German borders meet, Basel also has suburbs in France and Germany...
, Geneva
Geneva
Geneva In the national languages of Switzerland the city is known as Genf , Ginevra and Genevra is the second-most-populous city in Switzerland and is the most populous city of Romandie, the French-speaking part of Switzerland...
and Zurich, it did not participate in the 1995 merger that led to the creation of SWX(Now known as SIX). BX has retained the legal form of a private association under Swiss law, and its members are the major banks operating in Bern, including UBS and Credit Suisse Private Banking
Credit Suisse
The Credit Suisse Group AG is a Swiss multinational financial services company headquartered in Zurich, with more than 250 branches in Switzerland and operations in more than 50 countries.-History:...
.
Listed companies
Berne eXchange is mainly aimed at Swiss small and medium enterpriseSmall and medium enterprise
Small and medium enterprises or small and medium-sized enterprises are companies whose headcount or turnover falls below certain limits.The abbreviation "SME" occurs commonly...
s (SMEs) that consider a listing at SWX too big a step or too expensive. The market value of the fifty companies whose stock is traded on the exchange was CHF 11,410,000,000 (USD 9,500,000,000) in 2006, compared to more than CHF 1,000,000,000,000 at SWX.
Notable listed companies include:
- BLS Lötschbergbahn AGBern-Lötschberg-Simplon railwayThe Bern-Lötschberg-Simplon railway, known since the merger of the "old" BLS with the Bern-Neuenburg-Bahn , the Gürbetal-Bern-Schwarzenburg-Bahn and the Simmentalbahn in 1997 as the BLS Lötschbergbahn, is a Swiss railway company. It is the largest standard gauge network on the Swiss Railway...
, Bern, Switzerland's second-largest railway - ValiantValiant- Vehicles :* Plymouth Valiant, automobile manufactured by the Plymouth division of Chrysler Corporation from 1960 to 1976* Chrysler Valiant, automobile manufactured by Chrysler Australia from 1962 to 1981...
Holding AG, Bern, a major Swiss regional bank - BKW FMB Energie AGBKW FMB Energie AGThe BKW FMB Energie AG is a power production and distribution utility with headquarter in Berne, Switzerland. Through some subsidiaries or partner companies it also provides gas and heat...
, Bern, a major Swiss power supplier - The Swatch Group, Bern, the largest watch manufacturer in the world
- Art & Fragrance a perfume company