Prague Stock Exchange (PSE) is the largest and oldest organizer of the securities market in the Czech Republic.
Trading on PSE is conducted via licensed securities traders who are also the Exchange members. These are primarily the major banks and brokerages. If a common investor decides to invest in the Exchange, he/she needs to contact one of the trading members.
PSE and its subsidiaries form the PX Group. In addition to the Exchange, the most important member in the Group is Central Securities Depository Prague (CSD Prague) which has a dominant position in the area of settlement of securities trades on the Czech capital market. PX Group also co-operates with POWER EXCHANGE CENTRAL EUROPE (PXE) which offers power and gas trading.
PSE is a member in the CEESEG, which also includes Vienna Stock Exchange (Wiener Börse).
PSE is a member of the Federation of European Securities Exchanges (FESE), and the US Securities and Exchange Commission (US SEC) included PSE on its list of exchanges safe for investors by granting it the status of “Designated Offshore Securities Market”.
Efforts to create a stock exchange date back to the reign of the Empress Maria Theresa, but success was not achieved until 1871. Initially, both securities and commodities were traded at the Prague exchange. The Prague exchange enjoyed great success in the sugar trade, becoming a key market for the whole Austro-Hungarian Empire.
After World War I, however, this type of transaction declined, so thereafter only securities were traded. For the Prague exchange, the interwar period became the era of its greatest boom. The Prague exchange even surpassed the Vienna exchange in importance. This period of prosperity was, however, interrupted by the arrival of World War II, bringing an end to trading at the Prague exchange for more than 60 years. Not until after the fall of Communism was it possible to follow up on the exchange’s heritage of success and prosperity. With the first trades made on the floor of the renewed exchange on 6 April 1993, the Prague Stock Exchange began to write its modern history.