Boerse Stuttgart Group

Happy 5-Year Anniversary, LuxX Prime!     Five years ago, the trading segment LuxXPrime was launched as a cooperation of the Luxembourg Stock Exchange and Boerse Stuttgart Group. To ensure high levels of liquidity, our internationally active broker EUWAX AG supports smooth, fast and secure securities trading with its financial services as the prime liquidity provider of LuxXPrime.  The main goal: facilitating trades by acting as a possible counterparty for buyers and sellers by quoting two-way prices and ensuring a high presence in the order book. EUWAX AG allows investors to execute their orders on LuxSE at their own convenience. As an additional benefit, all prices quoted on LuxXPrime are firm prices, meaning that the liquidity provider is obliged to execute the order at the published price. This way, cross-border services bring European financial markets closer together.     It was a pleasure to meet Guy Weymeschkirch and Carlo Oly at our Annual Reception last week! Read the interview with Jens Furkert, Head of Fixed Income at EUWAX AG, and find out more about five years of partnering with LuxSE via the first comment below this post.

Financing the Transformation What role does the capital market play in the financing of the transformation in recent times of crises?    The focus of the Wirtschaftsforum der SPD e.V. business reception held at our headquarters in Stuttgart was the discussion of current financial and socio-political transformation challenges of Germany. A strong capital market and the mobilization of retail investors is key. We need a holistic approach to encourage private investment and transform the economy towards greater sustainability.  It is particularly important to position Germany as the location of choice for institutional investors. As the sixth-largest stock exchange group in Europe, we are part of the solution, as the stock exchange activates capital for growth and innovation. Furthermore, the capital markets union and capital market-friendly regulation for companies, e.g., reduction of bureaucracy for stock exchange listings and tax incentives is essential. It was a pleasure to exchange ideas with Tanja Wielgoss, vice president of SPD economic forum, Andreas Stoch, State and Parliamentary Group Chairman of the SPD Baden-Württemberg, Stefanie Münz, Member of the Board of Managing Directors of Landesbank Baden-Württemberg (LBBW), Tom Krebs, Ph.D., Professor of Macroeconomics at the University of Mannheim and our CEO Dr. Matthias Voelkel and with members and interested guests from business and politics. Photo: Fotografie Lichtblicke

Kickstart for AI with Aleph Alpha and PwC Deutschland   The AI-powered transformation of compliance has just begun: We’re excited that together with Deutsche Bank and VÖB-Service GmbH, we are partnering with creance.ai to evaluate GenAI’s potential for tackling compliance tasks. Dr. Philipp Veit, Head of Group Innovation & Partnerships at Boerse Stuttgart Group, joined the panel discussion this week at the creance.ai Experience Center in Frankfurt.   creance.ai, a PwC Germany and Aleph Alpha Joint Venture, sets up a pilot project with finance industry leaders: We will be using generative artificial intelligence to solve the complex compliance challenges of the new EU regulation DORA (Digital Operational Resilience Act). As a highly regulated player, both in our capital markets business and in our crypto and digital business, compliance isn't just a requirement for us – it's the foundation upon which trust and integrity are built.   GenAI has the potential to revolutionize the way we approach our regulatory obligations. Our partnership with creance.ai allows us to combine this innovative technology with our expertise and experience. We aim to transform and strengthen our compliance processes – and to fortify our commitment to transparency, security, and performance.

We are setting the course for a digital European capital market: As part of Europäische Zentralbank’s tests, we have tested the settlement of exchange transactions with blockchain-based securities against central bank money for the first time. Our comprehensive tests included a large number of transactions with five tokenized securities – including bonds, funds and a share. We were able to show that the settlement process can be mapped automatically, step by step and directly between the trading participants – efficiently, securely and without counterparty risk. The settlement time was reduced from two days to just a few minutes – this underpins the benefits of tokenization for market participants. We see blockchain technology as a game changer for the digitalization of the European capital market. With the successful ECB blockchain tests, we have made significant progress in the EU. In Switzerland, our exchange for tokenized securities BX Digital is even set to launch in 2024. Thank you to our partners Commerzbank AG, Deutsche Bank, DZ BANK AG, LBBW, Bankhaus Metzler, V-Bank AG and Deutsche Bundesbank. Together, we will shape the digital market infrastructure of the future.

Talking AI at Boerse Stuttgart Group's Annual Reception We had the pleasure of welcoming over 250 exclusive guests, including over 50 C-Levels from the financial sphere and representatives of supervisory authorities and politics, for a truly inspiring event. Our Annual Reception was all about artificiaI intelligence: In his opening speech Jürgen Steffan pointed out some examples of successful AI use cases at the financial center Stuttgart. Our CEO, Dr. Matthias Voelkel, captivated the audience with insights on the importance of AI, blockchain and cloud technology, showcasing how Boerse Stuttgart Group is at the forefront of crucial innovations. On top of that, we welcomed Jonas Andrulis, CEO of Aleph Alpha, as keynote speaker, taking a deep dive into the evolving landscape of artificial intelligence. A heartfelt thank you to everyone who joined us to make this evening a success! We look forward to many more engaging discussions as we continue to pioneer the future of finance and technology. #AI #Innovation #AnnualReception

With over 400 international colleagues from our seven European hubs, we celebrated our Boerse Stuttgart Group Party last week. What a great event for celebrating our Group-wide success and transformation and connecting with colleagues from our seven European hubs ("The Magnificent Seven"): Stuttgart, Berlin, Frankfurt, Ljubljana, Milan, Stockholm and Zurich.   While we definitely enjoyed the team spirit and the great memories we made, we are also very keen on doing something good for those who are less privileged than us.   This is where STELP e. V. comes in. As part of the STELP Together Days taking place on international Children’s Day, we integrated an open poker table into our Group Party. All buy-ins went directly to a fund that supports housing, food and education of children in Ukraine who lost their parents during the war. Inspired by STELP’s varying claims, ‘Make your party count’, is what we aimed to do.   Thanks to the entire STELP team headed by Serkan Eren for always bringing creative new ways of doing good to the table. We are proud to be one of your supporters and we will keep showing up. Thanks to everyone who tried their luck at the open poker table and going all in for children in need.

What are the key challenges that companies face when they’re looking to grow in a fast-paced world?   From September 11th-15th, senior executives from world leading companies met in Evian, France at this year’s G-20Y Association Summit to enhance a strategic global vision for their companies and for global economies. G-20Y Association is a non-governmental, non-profit organization bringing together top executives from world leading companies and entrepreneurs.   In various interactive sessions, the delegates analyzed business ecosystems in complex business environments and discussed how leadership agility can be fostered. Strategic management of ecosystems using AI, rethinking monetary and financial policies and making organizations more resilient for the future was also on the agenda. Our Head of Leveraged & Investment Products Markus Jung was on site and enjoyed the inspiring atmosphere and the valuable insights. 

The discussion about suitable concepts for private pension provision is becoming increasingly important in Germany. What role do structured securities play in this and what can we do to develop a more profound securities culture? What can politics, supervision, consumer protection and the issuers of financial instruments contribute? To discuss these questions, part of our team was on site at this year’s BSW Forum. ‘Only together, we achieve our goals and dare to have more securities culture!’ – with these words Christian Vollmuth, Managing Director of the BSW – Bundesverband für strukturierte Wertpapiere, kicked off the event. We are happy to contribute to BSW’s work, as structured securities trading has been the core of our capital markets business since the introduction of the Euwax segment 25 years ago. With exciting panel discussions and keynotes from Dr. Jörg Kukies, State Secretary in the Federal Chancellery, and Joschka Fischer, former Foreign Minister and Vice Chancellor of the Federal Republic of Germany, BSW Forum was once again a great opportunity to meet the structured securities industry. Together, we’re contributing to the understanding of investors’ needs and the actions to take.

📣 Germany’s KfW 🇩🇪 successfully tests digital bond with DLT-based processing of payment and asset flows We have successfully issued our first-ever digital bond in the form of a crypto security under the German Electronic Securities Act with 𝗗𝗟𝗧-𝗯𝗮𝘀𝗲𝗱 𝘀𝗲𝘁𝘁𝗹𝗲𝗺𝗲𝗻𝘁 𝗶𝗻 𝗰𝗲𝗻𝘁𝗿𝗮𝗹 𝗯𝗮𝗻𝗸 𝗺𝗼𝗻𝗲𝘆. This pilot transaction was part of the Europäische Zentralbank’s exploratory phase to test DLT-based financial transactions, ending in November 2024. For the cash settlement of the €50m KfW bond, we used the #TriggerSolution of Deutsche Bundesbank. The top-rated bearer bond has a 3-months maturity, thus ensuring that the entire lifecycle of the security is mapped using the Trigger Solution. 𝗞𝗲𝘆 𝗵𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀: 🌟 𝗜𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝘃𝗲 𝘀𝗲𝘁𝘁𝗹𝗲𝗺𝗲𝗻𝘁: settlement was processed as Delivery-vs-Payment (DvP) using Deutsche Bundesbank’s Trigger Solution 🌟 𝗘𝗳𝗳𝗶𝗰𝗶𝗲𝗻𝗰𝘆: DLT and smart contracts accelerate settlement, reduce risks, and enhance efficiency 🌟 𝗠𝗮𝗿𝗸𝗲𝘁 𝗶𝗺𝗽𝗮𝗰𝘁: this advancement is crucial for KfW as a leading bond issuer in int'l #DebtCapitalMarkets For this landmark transaction, Cashlink provided the #blockchain infrastructure and acted as the crypto securities registrar, while Boerse Stuttgart Digital provided crypto custody services. DZ BANK AG acted as the sole bookrunner and collective registered holder of the bond, with DekaBank Deutsche Girozentrale, DZ BANK and Union Investment as investors. Legal advice was provided by Linklaters. #GreatTeamWork 💪 At KfW Treasury, we focus heavily on efforts to digitalize our activities. Earlier this year, we have already tested solutions and processes for the digitalization of selected aspects of the funding value chain. Our most recent transaction is another important milestone on our digital learning journey and certainly not the last. Stay tuned! Today’s press release: see comment below 👇 #DigitalBonds #CapitalMarkets #CryptoSecurities #ElectronicSecurities #tokenisation #digitisation #DigitalAssets #DLT #CentralBankMoney #DigitalTransformation #ECBtrials #CBDC #eWpG | Gaetano Panno | Michael Duttlinger | Nils C. | Dr. Ulli Spankowski | Tim Armbruster PS. If you made it this far, please 🔔 subscribe to our profile & ♻ share with your network. 𝘓𝘦𝘨𝘢𝘭 𝘯𝘰𝘵𝘦: 𝘛𝘩𝘪𝘴 𝘢𝘯𝘯𝘰𝘶𝘯𝘤𝘦𝘮𝘦𝘯𝘵 𝘪𝘴 𝘯𝘰𝘵 𝘢𝘯 𝘰𝘧𝘧𝘦𝘳 𝘰𝘧 𝘴𝘦𝘤𝘶𝘳𝘪𝘵𝘪𝘦𝘴 𝘧𝘰𝘳 𝘴𝘢𝘭𝘦 𝘪𝘯 𝘵𝘩𝘦 𝘜𝘯𝘪𝘵𝘦𝘥 𝘚𝘵𝘢𝘵𝘦𝘴. 𝘚𝘦𝘤𝘶𝘳𝘪𝘵𝘪𝘦𝘴 𝘮𝘢𝘺 𝘯𝘰𝘵 𝘣𝘦 𝘰𝘧𝘧𝘦𝘳𝘦𝘥 𝘰𝘳 𝘴𝘰𝘭𝘥 𝘪𝘯 𝘵𝘩𝘦 𝘜𝘯𝘪𝘵𝘦𝘥 𝘚𝘵𝘢𝘵𝘦𝘴 𝘢𝘣𝘴𝘦𝘯𝘵 𝘳𝘦𝘨𝘪𝘴𝘵𝘳𝘢𝘵𝘪𝘰𝘯 𝘰𝘳 𝘢𝘯 𝘦𝘹𝘦𝘮𝘱𝘵𝘪𝘰𝘯 𝘧𝘳𝘰𝘮 𝘳𝘦𝘨𝘪𝘴𝘵𝘳𝘢𝘵𝘪𝘰𝘯. 𝘛𝘩𝘦 𝘴𝘦𝘤𝘶𝘳𝘪𝘵𝘪𝘦𝘴 𝘥𝘦𝘴𝘤𝘳𝘪𝘣𝘦𝘥 𝘪𝘯 𝘵𝘩𝘪𝘴 𝘢𝘯𝘯𝘰𝘶𝘯𝘤𝘦𝘮𝘦𝘯𝘵 𝘩𝘢𝘷𝘦 𝘣𝘦𝘦𝘯 𝘯𝘦𝘪𝘵𝘩𝘦𝘳 𝘳𝘦𝘨𝘪𝘴𝘵𝘦𝘳𝘦𝘥 𝘯𝘰𝘳 𝘰𝘧𝘧𝘦𝘳𝘦𝘥 𝘱𝘶𝘣𝘭𝘪𝘤𝘭𝘺 𝘪𝘯 𝘵𝘩𝘦 𝘜𝘯𝘪𝘵𝘦𝘥 𝘚𝘵𝘢𝘵𝘦𝘴.

What are the most important aspects regarding regulatory requirements and upcoming legislative changes? Whether you are a compliance professional or a crypto enthusiast, we’ve got you covered in decoding the complexities of MiCAR and providing practical insights to help you navigate the dynamic regulatory environment of cryptocurrencies! In our latest article, our expert, Michael Kirchmayer gives key insights and tips on how to prepare as an institutional investor for the implementation of the EU Markets in Crypto Assets #Regulation 🇪🇺 Head over to our Boerse Stuttgart Digital blog by following the link shared in the comments below. ⬇️ #crypto #digitalassets #regulation #bsdigital #MiCAR