Glossary
- Safety cushion
- Sale in the open market
- Saver's Allowance
- Scale for bonds
- Scale for shares
- Schatz future
- SDAX
- Second Quotation Board
- Secondary market
- Secondary purchase
- Sector fund
- Sector index
- Securities
- Securities account
- Securities exchange
- Securities Trading Act
- Seed phase
- Semiannual report (funds)
- Sensitivity (warrants)
- Settlement
- Share
- Share buy-back
- Share price
- Share register
- Shareholder
- Shareholder rights
- Shareholder value
- Shareholders' record
- Shareholder’s right to information
- Sharpe-Ratio
- Shell corporation
- Short position
- Short sale
- SMAX
- SME Growth Market
- SPAC
- Special fund
- Specialised fund
- Specialized fund
- Spot market
- Spread
- Spread certificate
- Squeeze-out
- Standard deviation
- Startup company
- Startup phase
- Steady
- Stock corporation
- Stock cycle
- Stock exchange
- Stock Exchange Act (Börsengesetz)
- Stock exchange monopoly
- Stock index
- Stock market
- Stock market analysis
- Stock market crash
- Stock option
- Stock option plan
- Stock price
- Stock split
- Stop-buy order
- Stop-limit order
- Stop-loss limit
- Stop-loss order
- Stop-market order
- Stop-sell order
- STOXX Europe 50
- STOXX®
- Strike price
- Subscription
- Subscription period
- Subscription rights
- Support buying
- Support Line
- SWAP
- Switch
- Syndicate
- Syndicate bank
- Synthetic bonds
Securities exchange
In the broader sense of the word, an exchange on which securities or derivatives are traded under the provisions of the Securities Trading Act.
In practice, only securities (i. e. stocks, government bonds, mortgage bonds, public-sector bonds, corporate bonds, etc.) are traded on a securities exchange; derivatives trading takes place on a futures and options exchange.
In Germany, there are currently eight securities exchanges, all of which use the floor trading system. Of these, FWB Frankfurter Wertpapierbörse (the Frankfurt Stock Exchange) is by far the largest.
Our glossary explains important financial terms and should not leave any questions unanswered. However, if you are missing a definition, please write to us at redaktion@deutsche-boerse.com. We will then include the term if possible.
Deutsche Börse 
