(Vienna/Tirana) The Albanian Securities Exchange and the Vienna Stock Exchange have signed a market data cooperation agreement. Financial information providers, so-called data vendors, can access market data from Albania via the Vienna Stock Exchange's central data feed. Market data from Albania can potentially reach more than 18,000 end users in about 60 countries in real-time. The one-stop shop solution reduces the administrative, legal and IT work for clients to a minimum. The Vienna Stock Exchange globally disseminates data from 11 markets on one feed: Updates on securities from Albania, Austria, Bosnia and Herzegovina, Croatia, Czech Republic, Hungary, Kazakhstan, North Macedonia, Serbia and Slovenia, as well as trading data of the Energy Exchange Austria (EXAA).
"With the support of Swiss SECO and World Bank, Albania has drafted new investment and capital market laws to bring the Albanian legislation in line with EU directives. In addition, the Bank of Albania and the Albanian Financial Supervisory Authority are working on jointly licensing and supervising the central depository on non-government securities, which is expected to give a strong push to trading in Albania. Joining Vienna Stock Exchange's established data feed will be a big asset to building more trust in the domestic market and help the promotion of Albania’s stock market within Europe," says Artan Gjergji, CEO of the Albanian Securities Exchange.
"Our cooperation with the Albanian Securities Exchange demonstrates how two stock exchanges can benefit from each others strengths and possibilities. We are proudly sharing our knowledge and technology to help amplify the international visibility and the further alignment to EU standards of an important market in the Balkan region," says Ludwig Nießen, COO & CTO of the Vienna Stock Exchange.
About the Albanian Securites Exchange
"Albanian Securities Exchange" (ALSE) is the only securities exchange currently operating in Albania. It started as an ambitious project in 2014, financially supported by domestic banks and financial institutions, to succeed with the license from the Albanian Financial Supervisory Authority in July 2017. ALSE is a classic organized market for securities in Albania, which officially opened doors for trading in February 2018, offering market professionals a fully automated electronic trading platform. Today, instruments traded on the ALSE cover all classes of securities except for derivatives.The mission of Albanian Securities Exchange is to provide an efficient and transparent exchange market with fair pricing mechanisms, which will enable Albanian companies to raise capital and contribute to the development of the Albanian economy.
About the Vienna Stock Exchange
The Vienna Stock Exchange is the only securities exchange in Austria. It features a modern infrastructure and supplies market data and relevant information. It offers Austrian companies maximum visibility, high liquidity and utmost transparency. Investors can rely on the smooth and efficient execution of exchange trades. The Vienna Stock Exchange operates a central market datafeed for Central and Eastern Europe (CEE) and is well established as an expert for the calculation of indices with a reference to the region. Wiener Börse AG, together with its holding company, CEESEG, cooperates with over ten exchanges in CEE and is globally recognized for this unique know-how.
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