Deutsche Börse and the Vienna Stock Exchange have extended their trading technology agreement, meaning the exchange will continue to use the Deutsche Börse Xetra trading infrastructure for another six years.
The agreement has been in place since 1999, and also allows partners of the exchange to us the Deutsche Börse technology.
It means the exchange’s cash market runs more efficiently, and any updates or modernisations to the infrastructure will apply to the stock exchange, and it’s partners, in parallel.
Michael Buhl, a member of the management board of Wiener Börse, said: “Deutsche Börse offers an extremely reliable, high-performance and well-recognised trading technology.”
“The long-standing relationship has proven successful for both the Vienna Stock Exchange as well as other exchanges with whom we are cooperating in Central and Eastern Europe. We therefore decided to approach future technological developments and upcoming challenges within the financial industry jointly again with Deutsche Börse.”
Holger Wohlenberg, managing director of Deutsche Börse market data and services, added: “This extension of the agreement with Vienna Stock Exchange is another re-confirmation for the quality and reliability of our IT services and technology solutions.”
“Vienna Stock Exchange and its co-operation partners in Central and Eastern Europe will continue to benefit from our continuously improved cash market technology and a broad international network of market participants.”
The Vienna Stock Exchange is one of several European stock exchanges using Deutsche Börse technology, while the Irish stock exchange has also recently extended its trading infrastructure technology.
NO FEE, NO RISK 100% ON RETURNSIf you invest in only one asset servicing news source this
year, make sure it is your free subscription to Asset Servicing Times
Image: Shutterstock 