The aim of this article is to compare the former German alternative market – the Neuer Markt – with the current Entry Standard, in the context of providing capital access to small and medium enterprises. It will cover the legal framework, main entry criteria, issuers obligations to provide information and status reports.

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This analysis will answer the question if the creation of the Entry Standard was, just like the Neuer Markt, the answer to overcoming the equity gap, by providing small and medium companies access to capital. This article was based on the available literature, empirical data from press articles and FSE publications.

Alternative Trading Systems in Germany – Entry Standard vs. Neuer Markt

Sonia Woś*1

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