Wiener Börse (Vienna Stock Exchange ) and Deutsche Börse AG announced today they have agreed to continue their technology partnership by five years ahead of schedule.
Trading on the Vienna Stock Exchange and its partner exchanges in Budapest, Ljubljana, Prague and Zagreb will thus continue to run via the established T7 system in the coming years, the exchange operators said.
Innovations in the trading system, which is also used on Xetra and the Eurex derivatives exchange, will be continuously available to the Vienna Stock Exchange and its partners. This ensures that the Vienna Stock Exchange, and the stock exchanges it serves, will keep their trading technology at the cutting edge.
"With Deutsche Börse's T7 trading system, we offer our customers highly efficient exchange technology and many synergies. The early extention of the contract enables both our trading members and our cooperation exchanges to plan optimally for the coming years. We look forward to continuing our reliable partnership,” said Ludwig Nießen, CTO and COO of Wiener Börse AG, in a statement.
"With its decision, Wiener Börse is building on one of the most efficient and secure exchange systems worldwide. Furthermore, its customers will benefit from an international network of market participants and the ongoing development of our trading technology. We would like to thank you for the trust you have placed in us for decades and we look forward to continuing our successful cooperation," Christoph Böhm, CIO and COO of Deutsche Börse AG, added.
20-year technology partnership
Wiener Börse and Deutsche Börse have been in a 20-year technology partnership. Deutsche Börse's trading system has been in operation on the Austrian cash market since November 1999. After establishing its cooperation network in Central and Eastern Europe, Wiener Börse now offers trading system services for five markets. In December 2010, it rolled out the trading system on the Ljubljana Stock Exchange. The Prague Stock Exchange followed in November 2012, the Budapest Stock Exchange in December 2013 and, finally, the Zagreb Stock Exchange in July 2017.
Various other exchanges in Europe and around the world also use Deutsche Börse's trading infrastructure. These include the global derivatives exchange Eurex, the Xetra trading venue in Frankfurt and the European Energy Exchange (EEX), which all use the T7 system. In addition, cash market trading at the Shanghai Stock Exchange is based on technologies from Deutsche Börse.
