(Vienna) Wiener Börse AG and Deutsche Börse AG have agreed to continue their technology partnership ahead of schedule by five years. Trading on the Vienna Stock Exchange and its partner exchanges in Budapest, Ljubljana, Prague and Zagreb will thus continue to run via the established T7 system in the coming years. Innovations in the trading system, which is also used on Xetra and the Eurex derivatives exchange, will be continuously available to the Vienna Stock Exchange and its partners. This ensures that the Vienna Stock Exchange, and the stock exchanges it serves, will keep their trading technology at the cutting edge.
'With Deutsche Börse's T7 trading system, we offer our customers highly efficient exchange technology and many synergies. The early extention of the contract enables both our trading members and our cooperation exchanges to plan optimally for the coming years. We look forward to continuing our reliable partnership', said Ludwig Nießen, CTO and COO of Wiener Börse AG.
'With its decision, Wiener Börse is building on one of the most efficient and secure exchange systems worldwide. Furthermore, its customers will benefit from an international network of market participants and the ongoing development of our trading technology. We would like to thank you for the trust you have placed in us for decades and we look forward to continuing our successful cooperation,' said Christoph Böhm, CIO and COO of Deutsche Börse AG.
Wiener Börse and Deutsche Börse have been in a 20-year technology partnership. Deutsche Börse's trading system has been in operation on the Austrian cash market since November 1999. After establishing its cooperation network in Central and Eastern Europe, Wiener Börse now offers trading system services for five markets. In December 2010, it rolled out the trading system on the Ljubljana Stock Exchange. The Prague Stock Exchange followed in November 2012, the Budapest Stock Exchange in December 2013 and, finally, the Zagreb Stock Exchange in July 2017.
Various other exchanges in Europe and around the world also use Deutsche Börse's trading infrastructure. These include the global derivatives exchange Eurex, the Xetra trading venue in Frankfurt and the European Energy Exchange (EEX), which all use the T7 system. In addition, cash market trading at the Shanghai Stock Exchange is based on technologies from Deutsche Börse.
For further information, please contact:
+43 1 531 65-186
+43 1 531 65-110
Leticia Adam, Deutsche Börse AG
+49 (0) 69 2 11-1 27 66
About Wiener Börse
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 Boerse 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, Zagreb and Ljubljana trust its IT services. Additionally, the group holds stakes in energy exchanges and clearing houses.
About Deutsche Börse
As an international exchange organisation and innovative market infrastructure provider, Deutsche Börse Group ensures markets characterised by integrity, transparency and stability. With its wide range of products, services and technologies, the Group organises safe and efficient markets for sustainable economies. Its business areas extend along the entire value chain in exchange trading, including the admission, trading and clearing, and custody of securities and other financial instruments, the dissemination of market data, as well as the management of collateral and liquidity. As a technology company, the Group develops state-of-the-art IT solutions and offers IT systems all over the world.
With around 6,000 employees, the Group has its headquarters in the financial centre of Frankfurt/Rhine-Main, as well as a strong global presence in 38 locations such as Luxembourg, Prague, London, New York, Chicago, Hong Kong, Singapore, Beijing, Tokyo and Sydney.
Exclusion of Liability
This press release may contain certain forward-looking statements and forecasts based on assumptions made at the time of publication of this press release. We do not assume any liability for the forward-looking statements and actual developments may turn out to be completely different. 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 Boerse AG. No liability is assumed for the information given in this press release.
Wiener Börse AG published this content on 17 June 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 June 2020 08:11:05 UTC