Börse München
Börse München, operated by Bayerische Börse AG, is a public-law German stock exchange running two trading venues (specialist model and gettex Market Maker model) plus the m:access SME listing segment, serving retail investors, banks/brokers, and mid-market issuers across the DACH region.
- Company typePrivate
- Founded1830
- HeadquartersMunich, Germany
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
What Börse München does
Börse München (Munich Stock Exchange), operated by Bayerische Börse AG, is a public-law German stock exchange founded in 1830 and headquartered at Hopfenstraße 4, Munich. It operates two complementary trading venues under MICs MUNA (Regulated Market) and MUNB (Freiverkehr/Open Market): the specialist model (Skontroführermodell) on MAX-ONE, covering roughly 30,000 securities, and the gettex Market Maker model exchange, covering more than 400,000 financial products. Trading runs 8:00–22:00 on weekdays. The exchange also runs m:access, a dedicated SME listing segment launched in 2005 and positioned as the DACH market leader for mid-cap capital-market access, with 70+ listed companies, €5,000 admission fees, and €3,500–€7,500 annual fees tied to market capitalization.
The platform serves four primary segments: retail investors accessing quotes and trading through 50+ bank and broker integrations (Sparkassen, Genossenschaftsbanken, Comdirect, Commerzbank, ING, DKB, Flatex, Consorsbank, Postbank), institutional participants and market makers (notably Baader Bank for bonds until 22:00), mid-market issuers seeking simplified capital-market access via m:access, and bond issuers including government and corporate debt. Revenue streams comprise transaction fees, listing/admission fees, and market-data subscriptions (delayed data is free; real-time is gated by free registration). Underlying technology includes MAX-ONE trading infrastructure, technology integrations with Refinitiv/LSEG and financial.com AG, and a website relaunched in December 2024 featuring ESG ratings for ETPs/funds/bonds, finder tools, and a Südseiten content platform.
Bayerische Börse AG is an independent German Aktiengesellschaft without venture capital, private equity or corporate parent ownership, supervised by the Bavarian State Ministry for Economic Affairs. Leadership comprises Vorstände Dr. Robert Ertl and Andreas Schmidt (the latter reappointed for a further five years from July 1, 2025), Geschäftsführer Dr. Marc Feiler, and a Supervisory Board chaired by Dr. Martin Fritz. Operating geographies cover Germany, Austria and Switzerland, with no global footprint claimed. Financial figures are not publicly disclosed; gettex trading volume crossed €110 billion in 2024 with approximately 40% annual transaction growth over the prior four years.
Börse München firmographics
Firmographics- Name
- Börse München
- Legal name
- Bayerische Börse AG
- Website
- https://boerse-muenchen.de
- Company type
- Private
- Founded year
- 1830
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Börse München, operated by Bayerische Börse AG, is a public-law German stock exchange running two trading venues (specialist model and gettex Market Maker model) plus the m:access SME listing segment, serving retail investors, banks/brokers, and mid-market issuers across the DACH region.
- Ownership category
- akta.pro rank
Börse München industry classification
Industry- Product category
- Securities Exchange / Stock Exchange
- NAICS
- Securities and Commodity Exchanges (5232), Securities and Commodity Exchanges (52321), Securities and Commodity Exchanges (523210), Securities and Commodity Contracts Intermediation and Brokerage (5231)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Listed Derivatives Execution Platforms (Futures/Options) (FSAFANAD)
- akta.pro secondary industries
- Equity Capital Markets Advisory (Equity Issuance Strategy & Readiness) (FSACAAAI), Follow-on Offerings (FPOs) (FSACAAAB), Secondary Offerings & Share Sales (Secondary Placements) (FSACAAAG)
Keywords
Where Börse München is headquartered
LocationHeadquarters
- HQ city
- Munich
- HQ country
- Germany
- HQ region
- Europe
Offices1 record
Markets served
Börse München business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Trading Fees: Transaction fees from securities trading across listed equities, bonds, ETFs, funds, and certificates on Börse München and gettex platforms.
- Listing Fees: One-time admission fees and annual fees from companies listed on Börse München including m:access segment.
- Market Data Services: Revenue from delayed (15-min) and real-time market data subscriptions for securities traded on the exchange.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| One time/ perpetual license | Multi-year contract | m:access Admission Fee |
| Subscription | Annual | m:access Annual Fee |
| Freemium | Monthly | Delayed Market Data |
| Subscription | Monthly | Real-time Market Data |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels7 records
Börse München product offering
Product offeringCore offering
Börse München (operated by Bayerische Börse AG) operates a public-law securities exchange offering two complementary trading venues: the specialist model (Skontroführermodell) covering approximately 30,000 securities on Börse München, and the market maker model gettex covering over 400,000 financial products. It provides capital market access for mid-market companies via the m:access segment, and delivers market data, watchlist functionality, and order routing through bank/broker integrations from 8:00 to 22:00.
Product overview
Börse München (operated by Bayerische Börse AG) operates as a multi-platform financial exchange ecosystem offering two complementary trading models: the specialist model (Börse München/MAX-ONE) for around 30,000 securities, and the market maker model gettex for 400,000+ securities. The ecosystem includes the m:access Mittelstand segment for SMEs, multiple finder tools (stocks, ETFs, funds, bonds), cryptocurrency trading, personalized watchlists, bank login integration, the Südseiten editorial blog, and investor education via webinars and the annual dividend special publication.
Differentiator
Problem solved
Functional benefit
Brands
- m:access: SME market segment of Börse München offering simplified access to capital markets for mid-sized companies with reduced regulatory requirements compared to the Regulated Market.
Products and services
- Börse München (MAX ONE) specialist-model exchange Primary specialist-model trading venue (Skontroführermodell) covering around 30,000 securities including equities, ETFs, bonds, funds, and certificates, with trading hours from 8:00 to 22:00; provides delayed (15-min) and real-time quote access after registration.
- gettex exchange Market Maker model exchange complementary to Börse München, offering trading for approximately 400,000 securities (stocks, bonds, ETPs, funds, certificates) from 8:00 to 22:00, accessible through banks and brokers.
- m:access SME listing segment Dedicated Mittelstand/PMI listing segment for small and mid-cap companies in the DACH region, offering simplified capital market access with reduced follow-up obligations. Supports IPOs, pure listings, and segment switches with a 48-hour admission process.
- Market data subscription service Real-time and 15-minute delayed market data feeds for securities traded on the exchange; delayed data is free, and real-time quotes are available via subscription after free registration on the 'Meine Börse' portal.
Companies that use Börse München
Customer profileNamed customers4 records
Segments4 records
Ideal customer profiles3 records
Börse München technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration9 records
Feature2 records
Börse München partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered core and minor.
- Baader Bank AGcoreBaader Bank AG serves as Market Making partner for bonds on Börse München and gettex, providing continuous liquidity for 8,500 EUR-denominated bonds and 6,100 bonds in 22 other currencies including USD. Bond trading extended until 22:00 to match US market hours. Also serves as m:access emission specialist.
- ComdirectcoreOnline broker with depot access integration to Börse München trading platform via bank login feature
- CommerzbankcoreMajor German bank with online depot access to Börse München via bank login feature
- ConsorsbankcoreOnline broker (BNP Paribas subsidiary) with depot integration to Börse München
- INGcoreMajor Dutch bank operating in Germany with online depot access to Börse München
- FlatexcoreGerman online broker with depot access integration to Börse München
- Sparkassen NetworkcoreGerman savings banks network (Sparkassen) providing securities trading access to Börse München. Over 50 Sparkassen including Sparkasse München, Sparkasse Augsburg, Sparkasse Rosenheim and others integrated via bank login.
- Genossenschaftsbanken (Cooperative Banks)coreGerman cooperative banking network including VR Bank München Land, Münchner Bank, Raiffeisenbanken, providing depot access to Börse München
- financial.com AGcoreTechnology provider for financial market data, powering the exchange's market data application and real-time quote delivery
- Refinitiv (LSEG)coreFinancial data service provider (London Stock Exchange Group) delivering consolidated analyst estimates and company data to Börse München website
- Finanzplatz München Initiative (fpmi)minorAssociation of ~50 financial industry companies and institutions in Bavaria. Bayerische Börse AG is member; Vorstand serves as spokesperson. Advocates for Munich as financial center in European and federal policy.
Scale indicators7 records
Recent moves6 records
Expansion highlights5 records
Börse München competitors and assessment
Company assessmentBroad incumbents
- Euronext: Pan-European exchange operator running Amsterdam, Brussels, Dublin, Lisbon, Milan, Oslo, and Paris venues. Competes with Börse München for European ETF listings, bond issuance, and cross-border mid-cap IPOs.
- London Stock Exchange Group (LSEG): Owner of the London Stock Exchange and Refinitiv, a market data partner of Börse München. Competes in European listings, ETF trading, and data services relevant to m:access and gettex.
Regional players
- SIX Swiss Exchange: Swiss national exchange operating cash equities, ETFs, and structured products in the DACH region. Comparable venue for bond, ETF, and structured product listings served by gettex.
- Nasdaq Nordic: Operates exchanges in Copenhagen, Helsinki, Iceland, and Stockholm with a strong mid-cap and Nordic-SME listing franchise analogous to m:access. Comparable for SMEs seeking public-market access outside the DACH region.
Direct peers
- Tradegate Exchange: Berlin-based retail-focused exchange with a market-maker model for German equities. Competes head-on with gettex for retail order flow routed via German online brokers.
- Wiener Börse (Vienna Stock Exchange): Austrian national exchange operated as a public-law institution and direct DACH peer. Shares the SME-segment focus (mid-market direct market plus) with m:access and serves overlapping Austrian issuer base.
- Börse Stuttgart: Another German regional public-law exchange, particularly strong in retail bonds, securitized derivatives, and warrants. Directly comparable to Börse München in mid-cap and retail trading segments.
- Deutsche Börse AG: Germany's dominant exchange operator running Xetra cash equities and Eurex derivatives. Direct competitor to both Börse München (specialist model) and gettex in German equities and ETF trading.
Others
- financial.com AG: Technology vendor powering real-time quote delivery on boerse-muenchen.de. Key infrastructure dependency comparable to data and connectivity providers across European exchanges.
- Baader Bank AG: Core market-making and emission-specialist partner for Börse München's bond franchise and m:access IPOs. Included as an ecosystem partner that is structurally tied to the exchange's revenue engine.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks1 record
Key highlights1 record
Customer concentration
Börse München social profiles
Digital presenceBörse München compliance and trust
Trust signalCompliance1 record
Börse München financial estimates
Financial estimateRevenue estimate
Valuation estimate
Börse München leadership team
Management profileNumber of profiles
Profiles4 records
Börse München subsidiaries and ownership
Company hierarchySubsidiaries2 records
Börse München funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Börse München M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Börse München
What does Börse München do?
Börse München (operated by Bayerische Börse AG) operates a public-law securities exchange offering two complementary trading venues: the specialist model (Skontroführermodell) covering approximately 30,000 securities on Börse München, and the market maker model gettex covering over 400,000 financial products. It provides capital market access for mid-market companies via the m:access segment, and delivers market data, watchlist functionality, and order routing through bank/broker integrations from 8:00 to 22:00.
Is Börse München a public or private company?
Börse München is a private company. It is classified as unknown and is currently operating.
When was Börse München founded?
Börse München was founded in 1830. It employs 11 to 50 people.
Where is Börse München based?
Börse München is headquartered in Munich, Germany, in the Europe region.
How does Börse München make money?
Three revenue lines are on record. Trading Fees are the primary driver. The others are listing Fees and market Data Services.
Who are Börse München's main competitors?
Broad incumbents on record are Euronext and London Stock Exchange Group (LSEG). Regional players are SIX Swiss Exchange and Nasdaq Nordic. Direct peers are Tradegate Exchange, Wiener Börse (Vienna Stock Exchange), Börse Stuttgart and Deutsche Börse AG. Others are financial.com AG and Baader Bank AG.
Does Börse München have an API?
No public API is recorded for Börse München.
What industry is Börse München in?
Börse München's product category is Securities Exchange / Stock Exchange. Its primary akta.pro industry code is FSAFANAD, Listed Derivatives Execution Platforms (Futures/Options), with a secondary code of FSACAAAI, Equity Capital Markets Advisory (Equity Issuance Strategy & Readiness). Its NAICS code is 5232 and its SIC code is 6200.