(Vienna) Vienna Stock Exchange has reached another milestone in its IT strategy with the successful completion of an extensive trading system technology upgrade. The conversion process to the new "T7®" trading platform started end of July 2017 with the migration of equities trading. Bonds, warrants and certificates were added beginning of 2019. In December, securities and market models of the partner exchanges Budapest, Ljubljana, Prague and Zagreb were transferred to the new trading technology world. Vienna Stock Exchange acts as system operator and IT service provider for these exchanges and ensures supply of state-of-the-art trading information technology and a large number of services, such as real-time index calculation and distribution of market data.
"Our main goal is to offer our partners and their customers top-notch trading technology. With the implemented system, we meet the highest technical standards and enable secure and fast transactions at the highest level," says Ludwig Nießen, COO & CTO of Vienna Stock Exchange.
In addition to meeting the latest regulatory requirements, such as MiFID II, the most modern generation of systems offers massively improved transaction throughput, support for new order types and 24/7 availability in the cloud.
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.
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.
