1 / 13

György Mohai Deputy CEO

The Budapest Stock Exchange at a glance XIII. Logistics Forum, Turkish-Hungarian Business Relations. György Mohai Deputy CEO. February, 2007. Overview of the Budapest Stock Exchange. Was founded in 1864 and reopened in 1990 Demutualization in 2002 Lean and efficient organization

abbot-simpson
Download Presentation

György Mohai Deputy CEO

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. The Budapest Stock Exchange at a glanceXIII. Logistics Forum, Turkish-Hungarian Business Relations György Mohai Deputy CEO February, 2007

  2. Overview of the Budapest Stock Exchange • Was founded in 1864 and reopened in 1990 • Demutualization in 2002 • Lean and efficient organization • Full service range (equity, debt, derivatives, commodities) • Electronic remote trading system, X-Stream (OM brand) • CCP on all markets • Market capitalization/GDP ratio of 33% • Companies in Category „A” report quarterly and in line with IAS/US-GAP since 1999

  3. The Role of the Stock Exchange in Hungary • Multinationals – A big part of the Top 100 companies are multinationals (Hungarian subsidiaries); they won’t be listed on BSE. • Big Hungarian companies - are already listed • State owned big companies – possible form of privatization? • Companies founded after the transformation – mostly premature for listing • Developed banking system – an easy way of getting financial sources

  4. Investors Supervisory (HFSA, BSE) Investors Structure of the market orders orders Section members Section members Budapest Stock Exchange Bank, Brokerage houses Banks, Brokerage houses Tranding data KELER Clearing and settlement

  5. Market dynamics reflect global trends

  6. Weight of BSE in the region Market capitalization 163 EUR bn, 1,6% of EU Turnover of Equities 80 EUR bn, 0,62% of EU Source: FESE

  7. The turnover of the BSE in ‘04-’05-’06 Daily average turnover on the spot market: EUR 125 million in 2007 EUR 105 million in 2006 EUR 81 million in 2005 EUR 46 million in 2004 EUR 35 million in 2003 Derivatives market turnover up 116% in 2005 and 40% in 2006 Derivatives market turnover hits the turnover of the spot market’s

  8. Strategy: vertical and horizontal integration • BSE is in strategic alliance with Wiener Börse • joint data and information vending • joint index license sales strategy • harmonization of corporate governance recommendations • Integration with the Budapest Commodity Exchange completed

  9. Market strategy Maintaining and widening close relationship with foreign investors (currently hold app. 80% of shares) Enhancing domestic interest • Supporting the growing domestic fund management business • Image campaign • Providing education and information for individual investors

  10. Attracting new issuers • Amendments to the Capital Market Act and the Exchange rules made access easier to the exchange • Attractive fee structure • Keeping in touch with potential newcomers (Club of Quotables) • Funds are available to contribute to the cost of going public

  11. Product development successes at BSE • Cashmarket • BUX trackingETF – December 2006 • Derivatives market Gold futures - April 2006 Continuous product development on FX and single stock market

  12. Current and future challenges • Opening the market • MiFID • International integration

  13. Budapest Stock Exchange Limited • Contact • info@bse.hu • www.bse.hu

More Related