(Vienna/Frankfurt) Wiener Börse AG and Deutsche Börse AG have extended their existing technology partnership until the end of 2033. This was announced by the two stock exchange operators today. Trading in Vienna and Prague, as well as on the partner exchanges in Budapest, Ljubljana and Zagreb, continues to run via the German T7® trading system in the coming years. Ongoing software releases and hardware upgrades keep the market infrastructure functionally and technically up to date.
"We continue to rely on an internationally established system with which global market participants are thoroughly familiar. Extending this reliable partnership offers all trading members continuity in planning and proven access to highly efficient stock exchange technology," says Christoph Boschan, CEO of Wiener Börse AG.
"We are pleased to continue providing the Vienna Stock Exchange and its partner network with one of the most powerful and secure exchange systems. In further developing the software, we adhere to the highest security and industry standards and drive forward the technical innovation that is immensely important for modern exchange trading in close cooperation with our hardware partners," says Eric Leupold, Head of the Cash Market at Deutsche Börse AG.
The Austrian stock market has been running on the Xetra® trading system and its successor T7®, since 1999. With the establishment of its cooperation network in Central and Eastern Europe, Wiener Börse AG now manages the system landscape for five markets as a service provider. In December 2010, it rolled out the trading system at the Ljubljana Stock Exchange. This was followed by the Prague Stock Exchange in November 2012, the Budapest Stock Exchange in December 2013 and the Zagreb Stock Exchange in July 2017.
About the Vienna Stock Exchange
As the central infrastructure provider in the region, Wiener Börse AG opens doors to global markets. It unites the stock exchanges in Vienna and Prague. Listed companies benefit from maximum liquidity there, and as the market leader it offers investors fast and inexpensive trading. Wiener Börse collects and distributes price data and calculates the most important indices for a dozen markets in the region. Thanks to its unique know-how, the national exchanges in Budapest, Ljubljana and Zagreb also rely on the IT services of the Vienna Stock Exchange. In addition, it is involved in other energy exchanges and clearing houses in the region.
Disclaimer
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