(Vienna/Zurich) The Vienna Stock Exchange AG today announces that it has acquired a stake and is forming a joint-venture with LIMEYARD AG, a global index provider fintech based in Switzerland. Vienna Stock Exchange is thus aiming to expand its recognized CEE index expertise, by offering next-generation global index calculation in the future. LIMEYARD provides both proprietary and non-proprietary indices by combining cutting-edge innovation with state of the art cloud-based technology. This enables it to serve customers faster and more cost-effectively with tailor-made solutions. LIMEYARD significantly boosts the reliability of index calculation versus traditional providers, through its innovative database architecture and high degree of automation. Founded by a team of reputable industry experts, the index provider has offices in New York, Paris, Zurich and now Vienna. The parties agreed not to disclose details and the price of the transaction.
This joint-venture will enable the two companies to benefit from significant synergies in developing an innovative range of indices. LIMEYARD provides its know-how in index operations, research and product innovation as well as customer support. With decades of index experience, Vienna Stock Exchange brings in real-time index calculation and data dissemination expertise on its internationally recognized infrastructure.
The index offering will target financial institutions using indices as underlyings for financial products such as certificates, warrants, bonds, ETFs (Exchange Traded Funds) or standardized derivatives like futures and options.
"With this move, we are pushing our growth strategy even further by diversifying our index business. LIMEYARD is the ideal partner for us thanks to their tech-driven innovation and agile approach to index calculation. Our customers will benefit from faster, automated services that have a high degree of reliability and a global scope. We're happy to support the scaling-up of a thriving fintech such as LIMEYARD, while also taking our index business to the next level," states Christoph Boschan, CEO of Vienna Stock Exchange. "Working closely together will enable us to benefit from synergies in index innovation, calculation and development. And by calculating global indices in the future, we will increase our international visibility as a trading place."
"Our ambition to compete with traditional index providers as a highly efficient, fully client-centric index provider makes our joint venture with Vienna Stock Exchange a perfect fit. While we keep establishing a global range of plain vanilla and innovative index offering, we are now also able to offer our services in real-time to a broader client base together with Vienna Stock Exchange as a sustainable, reliable index provider with five decades of experience," explained Patrick Valovic, Managing Partner and Founder of LIMEYARD. "The close relationship between LIMEYARD and the Vienna Stock Exchange will further boost our joint ambition to meet clients’ needs in the best possible way."
Details about our index expertise
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.
About LIMEYARD
LIMEYARD is a Swiss based index provider founded in July 2016, with offices in Zurich, Paris, New York and Vienna. Led by a team of six industry experts, it focuses on both proprietary and non-proprietary indices. LIMEYARD is combining cutting edge index innovation with a state of the art cloud-based technology. Its fast-growing family of global indices are rule-based, compliant, traditional and smart-beta investable solutions for institutions on the sell side and on the buy side. The tailor-made index offering covers the full value chain from index development to dissemination, end-of-day and real-time. Its client centric focus approach aims to provide top quality, short time-to-market, agile and flexible solutions at the best price. LIMEYARD has entered into a joint venture with Vienna Stock Exchange AG in February 2018. For more information, please visit <link www.limeyard.ch>www.limeyard.ch</link>
Exclusion of Liability
This press release may contain certain forward-looking statements and forecasts that are based on assumptions current made at the time of publication of this press release. We do not assume any liability for these forward-looking statements materializing. Furthermore, we would like to explicitly point out that this press release cannot serve as a basis for investment decisions and may not be construed as a solicitation to buy or a recommendation to invest by Wiener Börse AG. No liability is assumed for the information given in this press release.
