German exchange group Deutsche Börse has extended a 20-year technology partnership with Austria’s Wiener Börse, five years ahead of schedule.
The move means that Wiener Börse, including the Vienna Stock Exchange and its partner exchanges in Budapest, Ljubljana, Prague and Zagreb, will continue using the Deutsche Börse T7 trading system to provide its clients with the exchange technology.
Deutsche Börse’s trading system has been in operation on the Austrian cash market since 1999, and upon establishing connections across Central and Eastern Europe, Wiener Börse offers trading in five markets.
“With Deutsche Börse’s T7 trading system, we offer our customers highly efficient exchange technology and many synergies,” said Ludwig Nießen, CTO and COO of Wiener Börse. “The early extension of the contract enables both our trading members and our cooperation exchanges to plan optimally for the coming years. We look forward to continuing our reliable partnership.”
Deutsche Börse provides its technology and infrastructure to several exchanges globally, including its derivatives exchange Eurex and Xetra trading venue in Frankfurt. Cash market trading at the Shanghai Stock Exchange is also based on the German exchange group’s technology.
“Wiener Börse is building on one of the most efficient and secure exchange systems worldwide. Furthermore, its customers will benefit from an international network of market participants and the ongoing development of our trading technology,” added Christoph Böhm, CIO and COO of Deutsche Börse.