20 October 2017
Register now

Budapest Stock Exchange migrates securities trading to Deutsche Borse Xetra system

06 December 2013  |  1906 views  |  0 Source: Budapest Stock Exchange

The Budapest Stock Exchange migrated its electronic securities trading to Deutsche Börse's Xetra trading system on Friday.

The Hungarian exchange is being linked to the Xetra network through the Vienna Stock Exchange, which has operated its own cash market with Xetra since 1999. Now all four stock exchanges in the CEE Stock Exchange Group (Vienna, Prague, Ljubljana and Budapest) are operating with Xetra.

Trading participants can now use the Xetra infrastructure to gain easy access to the Hungarian financial market. Moreover, the market participants in Budapest now have access to a large pan-European trader network.

Martin Reck, who is responsible for the cash market at Deutsche Börse, said, “We have been working with the Vienna Stock Exchange as a sourcing partner for over 14 years now. We are delighted that this successful cooperation means the Budapest Stock Exchange can operate with Xetra technology and thus now the whole CEE Stock Exchange Group.”

“The CEESEG offers its market participants a state-of-the-art infrastructure and a customised service portfolio. In introducing the Xetra system, we strengthen not only the joint image of our partner exchanges but also bring expertise and uniform standards to the region's capital markets,” said Michael Buhl, member of the Management Board of CEESEG.

Besides the stock exchanges in Vienna, Prague, Ljubljana and Budapest, Xetra technology is also used by the Irish Stock Exchange, the Bulgarian Stock Exchange, the Malta Stock Exchange and the Cayman Islands Stock Exchange. In addition, Xetra was used as the basis for the Shanghai Stock Exchange's trading system migrated in 2008.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.fivedegrees.nl visit www.capgemini.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
16087 views comments | 12 tweets | 4 linkedin
satelliteGates Foundation backs Ripple collaboratio...
8343 views comments | 13 tweets | 10 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
7993 views comments | 21 tweets | 26 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7319 views comments | 9 tweets | 17 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
6664 views comments | 10 tweets | 21 linkedin

Featured job

Find your next job