In Germany, securities exchanges have been allowed to divide the three areas of official market, regulated market and over-the-counter market into further sub-segments (part areas) since 2002 with the approval of the supervisory authority. Of greater
However, so far only the blue chips have been significant on German stock exchanges. In 2004, five top-selling stocks accounted for approximately 90 percent of turnover on German stock exchanges. – See deterrence, regulatory, stock exchange, stock exchange regulations, segmentation, Securities Services Directive, European, securities, qualified. – Cf. ECB Monthly Bulletin, November 2007, pp. 67 et seq. (Structural changes in the stock market and consolidation of stock exchanges; detailed presentation).
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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