Boerse Stuttgart GmbH will become the majority shareholder in BX Swiss AG. The equity stake will allow the two trading venues in Stuttgart and Zurich to lay the groundwork for a strategic partnership.
‘Working alongside Boerse Stuttgart, BX Swiss will be able to strengthen its position as a niche provider of quality trading services for retail size orders. This collaboration also secures the Swiss identity of our Swiss-law exchange for the longer term’, said Peter L. Heller, Chairperson of the Board of Directors of BX Swiss AG.
‘Both BX Swiss and Boerse Stuttgart are steeped in tradition. The two exchanges will now be working very closely together. BX Swiss is the ideal partner for us in the attractive Swiss market, sharing as it does our clear strategic focus on trading quality and the needs of the customer’, said Dr Michael Völter, Chairperson of the Supervisory Board of Boerse Stuttgart GmbH.
The two companies will now be able to expand their existing technology cooperation: BX Swiss AG will adopt the Elasticia trading system in 2018, a system that proved itself at Boerse Stuttgart’s Scandinavian subsidiary NGM to be both efficient and reliable.
BX Swiss AG will release further information on its future strategic direction in the first quarter of 2018.