Price fixing at German regional stock exchanges – a foray through infrastructure, software and automatisms for stock exchange trading, from the formerly hand-knitted server to the cloud service.

Baader Bank AG was founded on the Munich Stock Exchange, where its founder Uto Baader began trading three North American shares on July 1, 1983. Even then, IT (in the form of a calculator) was an important component of the stock brokerage business. This beginning was followed by a rapid development, in which Uto Baader successfully sought to expand its business model time and again. The result of these efforts is the current Baader Bank Aktiengesellschaft in Unterschleissheim near Munich, which is considered one of the leading investment banks in Germany in the trading of financial instruments.

Today, Baader Bank is active on many regional stock exchanges in Germany as a specialist and service provider for the stock exchanges. Through the bank’s systems, purchases and sales on the stock exchange are brought together according to the rules and the price of a security is determined, automatically or in part even manually by the trader. In this niche, Baader manages most securities in Germany.

The presentation gives an insight into which infrastructure and software are used for this business. In a historical ramble, the development and use of automatisms is shown – in a world of stock exchanges and banks without microservices but with BaFin-regulated IT.

Michael Spindler, Head of IT Operations, Baaderbank