The Vienna Stock Exchange and Kazakhstan Stock Exchange agree joint data vending pact
30 January 2014 | 1193 views | 0
Source: Vienna Stock Exchange
The Vienna Stock Exchange has signed an agreement with the first Asian partner - Kazakhstan Stock Exchange (KASE) for cooperation in market data vending.
In the future, data vendors, so-called financial information providers, may obtain price data from Kazakhstan in the accustomed quality via the Vienna Stock Exchange's data feed. This move expands the successful collaboration with the Kazakhstan Stock Exchange to a new business area. Since January 2013, the Vienna Stock Exchange has been calculating the KTX Local index, which consists of the eight most actively-traded companies and is disseminated daily in real time.
Azamat Joldasbekov, the President of KASE commented: "Promoting Kazakhstan's stock market is one of our strategic objectives, and expanding the data vending business is the significant step towards it. The recently signed agreement proves the close partnership between Kazakhstan Stock Exchange and Vienna Stock Exchange and reflects our intention to strengthen the business relations through the development of new joint projects."
The Vienna Stock Exchange has positioned itself as the CEE data hub for the region of Central and Eastern Europe over the past years. Apart from distributing the data of the member exchanges of the CEE Stock Exchange Group (Vienna, Budapest, Ljubljana, Prague), the Vienna Stock Exchange also disseminates price data of the exchanges in Bucharest, Banja Luka, Belgrade, Macedonia, Montenegro, and now also Kazakhstan. Additionally, the Alliance Data Highway (ADH) data feed is a global source for the trading data of the CEGH Gas Exchange of the Vienna Stock Exchange, of the power exchange EXAA (Energy Exchange Austria) and of PXE (Power Exchange Central Europe). The data vending customers of the Vienna Stock Exchange include around 230 primarily international information providers; 36% of end users come from Great Britain, 25% from the US, 8% from Germany, and 6% from Austria.