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Vienna Stock Exchange and Banja Luka Stock Exchange ink data deal

16 May 2008  |  2065 views  |  0 Source: Vienna Stock Exchange

In the future, the Vienna Stock Exchange will also disseminate market data of the Banja Luka Stock Exchange (Banjalu?ka berza) through its existing datafeed, ADH, the system used for distributing stock market data in real time.

The corresponding agreement was signed by Michael Buhl and Heinrich Schaller, CEOs of Wiener Börse AG, and Milan Bozic, CEO of the Banja Luka Stock Exchange. The Banja Luka Stock Exchange is the fourth stock exchange after the Budapest, Bucharest and Sarajevo stock exchanges to enter into an agreement on joint data dissemination with the VSE.

The joint dissemination of the market data moves the exchanges into the focus of attention of international investors; in the medium to long term, they profit from higher turnovers and a stronger local capital market. The advantage for the data customers of the Vienna Stock Exchange is that they can receive the market data of several exchanges in the same format and structure as that of the Vienna Stock Exchange at low cost and without additional connection fees. The data customers are financial information providers that act as wholesalers and ensure worldwide distribution.

The Banja Luka Stock Exchange started trading in March 2002; it is one of the young, but dynamically growing stock markets of Central Europe. At present, there are 843 companies with a total market capitalization of EUR 3.3bn listed on the exchange (as of end of April 2008). Compared to the first full trading year 2003, this is an increase in market capitalization of 869%. Trading volumes have also risen steeply in just a few years: by 1,670% from EUR 30m in 2003 to EUR 531.1m in 2007 (double count).

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