(Vienna) The Vienna Stock Exchange has prolonged the Xetra® Agreement for its cash market electronic trading system ahead of time for a further period of five years, specifically until 2017. Agreement was also reached to assure that all future modifications and innovations to the trading systems of Deutsche Börse will be implemented simultaneously on the Vienna Stock Exchange. This guarantees access to the highly efficient technology of its German partners for the cash market of the Vienna Stock Exchange.
Since November 1999, the cash market of the Vienna Stock Exchange has been running on the Xetra® platform. Since December 2009, the Central European Gas Hub has also been operating on the Xetra® trading system under a license agreement with the Vienna Stock Exchange. In December 2010, trading on the Ljubljana Stock Exchange, which is a subsidiary of the CEE Stock Exchange Group just like Budapest, Prague and Vienna, was switched to the Xetra® system. It is also planned to install the Xetra® trading systems on the partner exchanges of Prague and Budapest.
About the Vienna Stock Exchange
The Vienna Stock Exchange is a 100% subsidiary of the CEE Stock Exchange Group (CEESEG) which also includes the stock exchanges of Budapest, Ljubljana and Prague. The CEE Stock Exchange Group is the largest stock exchange group in the region and accounts for half of total market capitalization and around one-third of total equity turnover in Central and Eastern Europe. CEESEG simplifies access to markets and trading with the aim to increase liquidity on the local exchanges. At the same time, the Group organizes joint activities to raise international recognition of the four markets.