18 December 2017
visit www.aciworldwide.com

Virt-x invites discussions with potential partners

26 November 2002  |  5055 views  |  0 Virt-x invites discussions with potential partners

Pan-European exchange virt-x say it is open to discussions with other exchange operators about potential co-operative ventures.

Peter Keller, CEO of virt-x since September, notes that market requirements have changed since the founding of virt-x one-and-a-half years ago. At the time, the exchange laid out plans to capture 10% of pan-European share trading volume within its first year, using the domestic blue-chips traded over partner SWX Swiss Exchange as a springboard. However, the array of non-Swiss listed shares traded over virt-x has been confined to the most liquid issues as markets have continued to decline across Europe.

In a statement issued as part of a structural overhaul at SWX Group, the company states: "From a strategic point of view, virt-x is keeping all of its options open. Included in that open attitude remains its willingness to entertain discussions on potential cooperative ventures."

Scheduled to take effect as of 1 January 2003, the new structure is intended to provide for a clear line of functional demarcation between the SWX Group and the SWX Swiss Exchange.

Significantly, the re-organisation provides a more efficient means of coordinating the group's strategic holdings at an operational level - as well as realising opportunities for organisational efficiency.

"Despite these adjustments to the organisational structure of SWX, nothing has changed as it pertains to the mandate of the SWX Swiss Exchange," states Heinrich Henckel at a media conference today.

The SWX Swiss Exchange will continue to operate Switzerland's domestic securities exchange he insists.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.thomsonreuters.infovisit www.niceactimize.comvisit www.response.ncr.com

Top topics

Most viewed Most shared
satelliteRipple completes XRP Lockup
11157 views comments | 3 tweets | 2 linkedin
Banks tap Ethereum smart contracts for MiFID II complianceBanks tap Ethereum smart contracts for MiF...
9799 views comments | 20 tweets | 21 linkedin
Banks and fintech startups join forces on blockchain-based supply chain pilotBanks and fintech startups join forces on...
7701 views comments | 19 tweets | 22 linkedin
Nordea takes Open APIs into live productionNordea takes Open APIs into live productio...
7298 views comments | 6 tweets | 26 linkedin
Digital banking startup Loot secures £2.2 million seed roundDigital banking startup Loot secures £...
7240 views comments | 5 tweets | 11 linkedin

Featured job

Competitive
London, UK (or flexible)

Find your next job