Budapest Stock Exchange Definition
The Budapest Stock Exchange is a relatively new stock exchange headquartered in Budapest, capital of Hungary.
It replaced the unofficial "Budapest Stock Exchange Index" used during the phases of transition from a socialist to a into a market economy. The exchange presently contains seventeen stocks. To qualify for the index, a stock must comply with three out of five requirements. According to The Budapest Stock Index (BUX), these requirements include:
- A certain minimum face value of a stock
- A defined minimum price
- A minimum number of transactions
- A cumulated minimum turnover of 10% of the registered capital during the six months preceding the revision of the index