(Vienna/Frankfurt) Wiener Börse AG has prolonged its Xetra contract with Deutsche Börse, which was scheduled to expire in mid-2008, well ahead of time for another five years until the end of 2012. Therefore, automated stock trading on Wiener Börse AG will continue to operate via the electronic trading system of Deutsche Börse, Xetra. The two exchanges made this announcement today.
“The prolongation of the contract well in advance of its expiry highlights how well our cooperation with Deutsche Börse has worked for many years as well as the reliability and attractiveness of the Xetra electronic trading system,” said Michael Buhl, Joint CEO of Wiener Börse AG. The latest Xetra Release 8.0 and the numerous measures taken to enhance the performance of the system make the system available to participants of the Austrian cash market one of the best worldwide. “We are very happy to be able to continue supplying this state-of-the-art stock exchange software to Wiener Börse. The prolongation of the contract also shows the quality of our outsourcing and technology know-how,” said Frank Gerstenschläger, Board Member for the cash market at Deutsche Börse AG.
Deutsche Börse has been operating the trading platform of Wiener Börse with Xetra since November 1999, and since June 2000, for the Irish Stock Exchange (ISE) in Dublin as well. Furthermore, trading on the Eurex Bonds und Eurex Repo markets as well as electricity trading on the European Energy Exchange (EEX) in Leipzig run completely on the technology provided by Deutsche Börse. The Shanghai Stock Exchange, which operates the largest Chinese stock market, will use Xetra technology as the core of its new trading platform in the future.