(Almaty/Vienna) The Vienna Stock Exchange has signed an agreement with the first Asian partner – Kazakhstan Stock Exchange (KASE) for cooperation in market data vending. In the future, data vendors, so-called financial information providers, may obtain price data from Kazakhstan in the accustomed quality via the Vienna Stock Exchange's data feed. This move expands the successful collaboration with the Kazakhstan Stock Exchange to a new business area. Since January 2013, the Vienna Stock Exchange has been calculating the KTX Local index, which consists of the eight most actively-traded companies and is disseminated daily in real time.
Azamat Joldasbekov, the President of KASE commented: "Promoting Kazakhstan's stock market is one of our strategic objectives, and expanding the data vending business is the significant step towards it. The recently signed agreement proves the close partnership between Kazakhstan Stock Exchange and Vienna Stock Exchange and reflects our intention to strengthen the business relations through the development of new joint projects."
The Vienna Stock Exchange has positioned itself as the CEE data hub for the region of Central and Eastern Europe over the past years. Apart from distributing the data of the member exchanges of the CEE Stock Exchange Group (Vienna, Budapest, Ljubljana, Prague), the Vienna Stock Exchange also disseminates price data of the exchanges in Bucharest, Banja Luka, Belgrade, Macedonia, Montenegro, and now also Kazakhstan. Additionally, the Alliance Data Highway (ADH) data feed is a global source for the trading data of the CEGH Gas Exchange of the Vienna Stock Exchange, of the power exchange EXAA (Energy Exchange Austria) and of PXE (Power Exchange Central Europe). The data vending customers of the Vienna Stock Exchange include around 230 primarily international information providers; 36% of end users come from Great Britain, 25% from the US, 8% from Germany, and 6% from Austria.
About the Kazakhstan Stock Exchange
The Kazakhstan Stock Exchange (KASE) is the only exchange in Kazakhstan that serves the financial market in Kazakhstan. It provides a universal floor with trading in repo market instruments, foreign currencies, government and corporate securities of Kazakhstan and foreign issuers and derivatives.
About the Vienna Stock Exchange
The Vienna Stock Exchange is a 100% subsidiary of the CEE Stock Exchange Group (CEESEG) which includes the stock exchanges of Budapest, Ljubljana and Prague. The CEE Stock Exchange Group is the largest stock exchange group in the region. In addition to the four stock exchanges, CEESEG operates three commodity exchanges and holds stakes in five clearing systems (CCPs) and two central securities depositories (CSDs). CEESEG makes access and trading on the local markets easier with the aim of improving liquidity. The CEESEG stock exchanges cooperate with 12 exchanges in Central and Eastern Europe and are highly appreciated worldwide for their unique CEE know-how.
Vienna Stock Exchange News