(Prague/Vienna) A greater variety of products on the Prague Stock Exchange, cooperation in the field of index licensing and linking the Prague Stock Exchange to the data vending network of the Vienna Stock Exchange – these are the three priorities of work for the coming months, explained the CEO of the Vienna Stock Exchange, Michael Buhl, at the press conference held in Prague this morning.
“The Prague Stock Exchange is the forth member of the CEE stock exchange alliance Prague-Budapest-Ljubljana-Vienna. I am very happy and proud that this CEE-network will become larger and stronger with the Prague Stock Exchange”, Mr. Buhl stressed. “I highly appreciate the positive development of the Prague Stock Exchange during the last years and the impressive achievements of the current management team of PSE in this respect. I hope to keep up the positive momentum by taking a number of measures to get more attention from international investors”, Mr. Buhl added. The concrete list of projects will be prepared jointly with the management of the Prague Stock Exchange.
The Vienna Stock Exchange has long years of great experience in developing smaller capital markets together with the stock exchanges of Central and Eastern Europe. The Vienna Stock Exchange has a proven record in enhancing trading activities and trading opportunities, e.g. by enlarging the number of investment products offered, introducing new products like Exchange Traded Funds and structured products, permanent adaptation of trading rules according to the needs of market participants and conducting international marketing campaigns and acquiring international investors.
The acquisition of this stake in the Prague Stock Exchange means that the Vienna Stock Exchange is now the majority owner of three stock exchanges in Central and Eastern Europe. Oesterreichische Kontrollbank and the Vienna Stock Exchange (50.4%) jointly own 68.8% of the Budapest Stock Exchange. In June of this year, the Vienna Stock Exchange acquired a majority stake of 81.01% in the Ljubljana Stock Exchange.