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Between 2004 and 2008 he was the Chairman of the  Budapest Stock Exchange  and the Hungarian Member of the Board of the Federation of European Securities Exchanges.Management Shake-Up At UniCredit - Global Custodian In his tenure as the Chairman of the Hungarian bourse he played a role in the integration of the  Budapest  Commodity Exchange and the Budapest Stock Exchange he developed and protected the Hungarian capital market as well as publicly promoted stock investments.Article : Bourse president attacks gov ' t capital gains tax proposal .
 state or province of headquarters: Budapest Stock Exchange, Budapest
Given a phrase that describes the relationship between two words, extract the words and the lexical relationship between them. The output format should be "relation1: word1, word2; relation2: word3, word4". 
Option: cities of residence, top members employees, members, alternate names, origin, state or provinces of residence, title of person, spouse, city of headquarters, NA, founded by, state or province of headquarters, employee of, countries of residence, country of birth, founded, subsidiaries, country of headquarters 
Text: {0} 
Answer:
 state or province of headquarters: Budapest Stock Exchange, Budapest