The Vienna Stock Exchange and the Zagreb Stock Exchange signed a cooperation agreement for data vending. With this step, the Vienna Stock Exchange has enlarged its data vending network by another emerging market from Central and Eastern Europe. In the course of the coming year, financial data vendors who are customers of the Vienna Stock Exchange will be able to subscribe to the price information and master data of Croatian companies in real time and in the data quality they are accustomed to.
Regardless of the local trading system, international customers will receive the price data and master data of companies from 13 markets via one uniform interface. For the local markets, this creates transparency and raises their international recognition. For the Vienna Stock Exchange, the CEE stock market network expands.
"Our cooperation opens the option to the Zagreb Stock Exchange of being able to use the international customer base and the modern technical infrastructure of the Vienna Stock Exchange for its own data vending," explained Michael Buhl, Management Board Member of Wiener Börse AG. "At 43%, a large share of all data vendors and customers in this business come from the United States or Great Britain."
"This cooperation is in line with the long term goals of the Zagreb Stock Exchange: promotion of the domestic and regional capital market, increasing its visibility and facilitating access for foreign investors," said Ivana Gazic, President of the Zagreb Stock Exchange Management Board. "An expansion and internationalization of our investor base is something that we strive for and hopefully this collaboration will have positive effects on the liquidity, one of our biggest challenges."
The Vienna Stock Exchange has positioned itself as the data hub for the region of Central and Eastern Europe in the past years. Apart from disseminating the price data of the member exchanges of the CEE Stock Exchange Group (Vienna, Budapest, Ljubljana, Prague), the Vienna Stock Exchange also disseminates the price data of the exchanges in Banja Luka, Belgrade, Macedonia, Montenegro, and now also Zagreb. Last year, the first Asian cooperation partner was acquired with the Kazakhstan Stock Exchange. Trade data from three power exchanges are also disseminated via the uniform datafeed. The data vending customers of the Vienna Stock Exchange include around 240 mostly international data vendors: 24% are from Great Britain, 19% from the U.S., 14% from Germany, and 10% from Austria.