Wiener Borse links to GL Net for multi-exchange trading

Wiener Borse links to GL Net for multi-exchange trading

Austria's Wiener Börse is to offer its members integrated Internet access to domestic and international markets under a project dubbed WBAG.

The WBAG project is set to go live in Autumn 2001 offering its members a one-stop-shop solution which will make much of the technical and costly installation of numerous connections to the stock exchange obsolete, says the exchange.

The Börse is using technology from France's GL Trade to connect its members to domestic and international equities, cash and derivatives markets via the GL Net proprietary network. At the same time, GL Net's clients, including more than 500 brokers and financial institutions all over the world, will be able to send orders to the Wiener Börse for execution and obtain real time information on stocks.

Dr Erich Obersteiner, member of the executive board, says: "Members will be able to offer their customers easy and inexpensive cross border transactions on international marketplaces, which are in high demand, at competitive prices through the WBAG system."

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