BSE chairman resigns



Patai has been the chairman of the BSE since December 4, 2008 and he was re-elected on April 29 this year. Patai resigned just a day before an extraordinary general meeting of the BSE on Tuesday, where shareholders are expected to approve the introduction of the Xetra trading system.

Plans to introduce the system sparkled dispute, and the five biggest Hungarian investment service providers of the BSE said on Monday that they had askedfinancial supervisor Pszáf, the central bank MNB and the government to intervene in order to postpone the introduction of the new trading system on the BSE. 

The investment service providers said they would be forced to use both the new trading system and the old one, which would continue to carry futures and the government securities trading, at the same time, resulting in extra costs. The new system would also give foreign brokers unhindered access to the Hungarian market, putting domestic brokers at a disadvantage. 

The BSE is majority owned be Wiener Borse.


Gen Gov't Deficit to Reach 6.1% of GDP in 2022 - Varga Analysis

Gen Gov't Deficit to Reach 6.1% of GDP in 2022 - Varga

Horthy Statue to be Unveiled in Parliament Parliament

Horthy Statue to be Unveiled in Parliament

UPS Appoints Regional Director Appointments

UPS Appoints Regional Director

Completion of Metro Line M3 Renovation Delayed City

Completion of Metro Line M3 Renovation Delayed


Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.