Posts – Sound Knowledge for Sound Decisions. 

A state liability claim due to a decision by a German stock exchange sanctions committee must be asserted against the federal state.

Non-EU/EEA operators of trading venues (e.g., stock exchanges) need a special BaFin license to grant market access to German participants.

Market makers add liquidity to the stock exchange by being continuously available to other trading participants for executions.

"Tick size" refers to the possible interval between two price levels (limit levels) of orders on stock exchange system.