Price of a security traded on the exchange
With the changes to the German Stock Exchange Act (Börsengesetz) brought by the Fourth Financial Markets Promotion Act (Finanzmarktförderungsgesetz) of 2002, list prices (corresponding to the official German term "Kurs") were no longer offcially fixed by appointed brokers. The German term Preis (price) is now preferred over Kurs.
The price published for a stock or warrant is per single unit. Bonds and futures contracts are noted as a percentage of the securitys nominal value.
