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Paris Bourse

A Dictionary of Business and Management | 2006 | Â© A Dictionary of Business and Management 2006, originally published by Oxford University Press 2006. (Hide copyright information) Copyright

Paris Bourse From January 1991, the only stock exchange in France, incorporating the six provincial stock exchanges in Bordeaux, Lille, Lyons, Marseilles, Nancy, and Nantes. The merger recognized the dominance of the Paris Bourse, which accounted for 95% of all trading in French securities. The CAC (Cotation Assistée en Continue) electronic trading system was introduced in 1988 and the Relit five-day rolling settlement system was launched in 1990, based on delivery against payment. Trading is carried out through broker members of the exchange; the market's main indicators are now the SBF-250 index, based on the prices of 250 shares, and its subset, the CAC-40.

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