Budapesti Értéktőzsde | |
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Type | Stock exchange |
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Location | 55 Krisztina boulevard, Budapest, Hungary |
Founded | January 18, 1864 June 21, 1990 (reinstated) | (original incarnation)
Owner | Hungarian private investors and the central bank |
Key people | Richárd Végh (CEO) |
Currency | Hungarian forint |
No. of listings | 155 (April 2025)[1] |
Market cap | US$ 47,93 billion equities (April 2025)[2] |
Volume | US$ 53,4 million daily (March 2025)[3] |
Indices | |
Website | bse.hu |
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Budapest Stock Exchange (BSE) (Hungarian: Budapesti Értéktőzsde, pronounced [ˈbudɒpɛʃti ˈeːrteːktøːʒdɛ] (BÉT)) is the third largest stock exchange in Central and Eastern Europe by market capitalization and liquidity.[4] It is located at 55 Krisztina Boulevard, Budapest, Hungary, in the Buda Centre of the Hungarian National Bank[5] Previously, from 1864, during the Austro-Hungarian Empire it was located in the Budapest Stock Exchange Palace building, until a large trading floor was necessary.[6]
The Hungarian National Bank holds an equity stake of 81.35 percent in the Budapest Stock Exchange,[7] following a takeover transaction in 2015.[8] The BSE is member of the World Federation of Exchanges and the Federation of European Securities Exchanges.[9]
Since its reinstatement in 1990, the Budapest Stock Exchange accounts for all the turnover in the Hungarian market and a large share of the Central and Eastern European market. In 2007, BSE agreed to move to abolish floor trading, the trading today takes place via the Xetra system, with redundant floor brokers taking on the role of market-makers.[10][11] Xetra is the reference market for all exchange trading in Hungarian equities and exchange traded funds. The prices on Xetra serve as the basis for calculating the BUX, the best-known Hungarian share index. Xetra has 60 per cent market share throughout Europe with over 230 trading participants from 18 European countries, plus Hong Kong and the United Arab Emirates are connected via Xetra. Xetra trading at Budapest runs from 09:00 to 17:00 with closing auction from 17:00-17:05, and post-trading trading times until 17:20. BSE was introduced a pre market trading from 08:15 to 08:30 and an opening auction call from 08:30 to 09:00.[12]