(Vienna) Wiener Börse AG announces its partnership with WSD Group, a London-based provider of document-centric automation solutions for financial institutions. This new collaboration will create synergies for capital market participants across the entire life cycle of a financial instrument and streamline the listing process for structured products issuers. Raiffeisen Centrobank AG was the first customer to implement the automated process, where structured products master and reference data were transmitted to all partners in a standardised way.
"Stock exchanges have always been leaders in the field of digitalisation. In electronic stock trading, all processes have been digital for decades. A new form of digitalisation now also enables straight-through-processing when listing structured products at the Vienna Stock Exchange. We are looking forward to further developing the listing process to the benefit of capital market participants,” said Matthias Szabo, Director Debt Listings, Wiener Börse AG.
"As structured products manufacturers roll out straight-through processing across all parts of their business, our ability to offer integrations with downstream systems becomes ever more important," said Mathias Strasser, Chief Executive Officer of WSD Group. "We are pleased to collaborate with the Vienna Stock Exchange to offer manufacturers that use PRIIP Cloud the ability to seamlessly list their products on the exchange. The ability to drive product listings from a single data stream saves time, reduces operational error, and increases efficiency."
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About the Vienna Stock Exchange
As the main provider of market infrastructure in the region, Wiener Börse AG is the gate to global markets. Operating the stock exchanges in Vienna and Prague, the group offers state-of-the-art systems, information and IT services. Listed companies receive maximum liquidity and investors benefit from fast and cost-effective trading by the market leader. Wiener Börse AG also collects and distributes stock market data and calculates the most important indices of the region. Because of this unique know-how the national stock exchanges in Budapest, Ljubljana and Zagreb trust its IT services. Additionally, the group holds stakes in energy exchanges and clearing houses.
WSD is a leading provider of SaaS-based technology solutions for manufacturers of structured products and OTC derivatives, covering all aspects of the process from pre-trade workflows to order management, document production, data dissemination to exchanges, data vendors and the buy-side, as well as lifecycle management. WSD also operates RegXchange, an industry utility connecting the sell-side and buy-side, and Transparitrade, a white-labelled client-facing structured products platform featuring comprehensive education as well as trade execution and analytical tools. WSD serves its global Tier 1 clients with a staff of almost 100 people and offices in all major time zones.
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This press release may contain certain forward-looking statements and forecasts that are based on assumptions current made at the time of publication of this press release. We do not assume any liability for these forward-looking statements materializing. Furthermore, we would like to explicitly point out that this press release cannot serve as a basis for investment decisions and may not be construed as a solicitation to buy or a recommendation to invest by Wiener Börse AG. No liability is assumed for the information given in this press release.