Term · Market & Classification
Basic Board
In briefThe Basic Board is a segment of the Frankfurt Open Market (Freiverkehr) for stocks with basic transparency. Especially for very small caps, segment membership and the level of transparency are decisive for the risk analysis.
Definition
Basic Board refers to a Frankfurt Open Market (Freiverkehr) segment for shares with a basic transparency profile.
How it is calculated
Formula. No formula; the relevant factors are inclusion requirements, transparency requirements and the trading model.
Why it matters for small caps
For very small caps, segment membership and the level of transparency are decisive for the risk analysis.
Common misreadings
- The Basic Board is often confused with the regulated market, although it belongs to the Open Market (Freiverkehr).
In the process
Frequently asked
What is the Basic Board?
It is an inclusion segment of the Frankfurt Open Market (Freiverkehr) with basic transparency requirements. It is aimed primarily at smaller stocks.
What is the purpose of the Basic Board?
The relevant factors are inclusion requirements, transparency requirements and the trading model. These determine how much information about a small stock is available.
Does the Basic Board belong to the regulated market?
No, it is part of the Open Market (Freiverkehr). Anyone confusing it with the regulated market overestimates the applicable obligations.
Related terms
Sources
Primary
Deutsche Börse – Marktstruktur
https://www.deutsche-boerse.com/dbg-de/maerkte-services/ps-preipo-listing/ps-marktstruktur
https://www.deutsche-boerse.com/dbg-de/maerkte-services/ps-preipo-listing/ps-marktstruktur
Education only, not investment advice. Ranges and thresholds are didactic orientation values, not an official standard.