- b (price addendum)
- Backwardation
- Balance-sheet analysis
- Basis point
- Basis trade
- Basket certificate
- bB (price addendum)
- Bear market
- Bearer share
- Beta factor
- bG (price addendum)
- Bid
- Bid price
- Bid-ask spread
- Black-Scholes model
- Blue chips
- Bobl Future
- Bodies of the stock exchange
- Bond
- Bond index
- Bonus
- Bonus certificate
- Bonus shares
- Book-building
- Börsenordnung (Stock Exchange Rules and Regulations)
- Börsenrat (Exchange Council)
- Break-even point (warrants)
- Breakout gap
- Bridge capital
- Broker
- Brokerage commission
- Bund Future
- Bundesanstalt für Finanzdienstleistungsaufsicht (BAFin)
- Business angel
- Business plan
- Buyback
Brokerage commission
Fee paid by investors to cover the intermediation function performed by brokersWhen a security is bought or sold on the floor, the investor is required to pay a brokerage commission that is determined on the basis of the order size. In the case of shares, it is calculated as a percentage of the price of the stock; in the case of bonds, it is specified as a percentage of the par value of the bond. The fee is charged by the institution responsible for executing and settling the order.
Brokerage fees are standardized and stipulated in the fee schedule of the stock exchange. In the Official Market, the brokerage fee for exchange brokers comes to 0.08 percent of the price of a stock, warrant or subscription right, but in all cases at least 0.75 euro. For stocks in the DAX index, the brokerage fee is 0.04 percent. For bonds, the fees are between 0.0015 and 0.075 percent, depending on the transaction.