(Vienna/Bucharest) As of today, financial information providers to Wiener Börse data can now receive data from the Bucharest Stock Exchange as well. The transmission is in real time via the already existing data lines and no extra fees will be charged for the transmission via Wiener Börse. Wiener Börse strongly expanded its data vending activities over the past few years and currently boasts 95 financial information providers among its customers. The majority of these are wholesalers who ensure the distribution of the data. Currently Wiener Börse data is displayed worldwide on some 20,000 screens - 36% in Great Britain, 24% in the US and 10% in Germany. Austrian screens represent 6%.
"The data vending agreement with the Bucharest Stock Exchange strengthens Wiener Börse’s position as the key financial market service provider in the region of Southeast Europe," commented Michael Buhl, Joint CEO of Wiener Börse AG. "The Bucharest Stock Exchange gains an opportunity to benefit from the international structure of Wiener Börse’s customer base for its own data dissemination," Mr. Buhl continued.
"It is important for the Bucharest Stock Exchange to cooperate with the international markets and the project we developed alongside the Wiener Börse is part of this strategy. We estimate the results of the joint data dissemination project to: firstly, increase market awareness, thus the number of investors, and secondly, by attracting additional sources of income, we foresee the possibility for further reducing the operating fees," said Stere Farmache, General Manager of the Bucharest Stock Exchange.
The agreement on the joint data vending is the fifth cooperation between the exchanges of Bucharest and Vienna. In March 2005, Wiener Börse carried out the first project and started disseminating the joint index, Romanian Traded Index (ROTX). The ROTX reflects the price movement of the most actively traded stocks on the Bucharest Stock Exchange. Since March 2006, Wiener Börse has supported the Bucharest Stock Exchange in the development of its index methodology and the promotion of an index license policy for the BET index family. The latest project, in the summer of 2006, Wiener Börse provided consulting to the Bucharest Stock Exchange for the creation of a Romanian derivatives market.
The Bucharest Stock Exchange is one of the most dynamic capital markets in Southeast Europe: Market capitalization rose in the previous year by 65% and hit EUR 21.88bn at the end of May. Stock trading volumes also developed very dynamically and in the period from January to May 2007, the volume of stocks traded was EUR 1.33bn.