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Wiener Börse AG has opted for an early extension of the Xetra agreement with Deutsche Börse, which is set to expire in mid-2008, by a further five years, until the end of 2012. “The early extension of the agreement underscores our long-standing successful cooperation with Deutsche Börse, as well as the reliability and attractiveness of the Xetra electronic trading system," said Michael Buhl, member of the Management Board of Wiener Börse AG. The latest Xetra Release 8.0 and numerous measures taken to improve performance give participants on the Austrian cash market access to one of the most powerful trading systems in the world. “We are delighted to be able to continue to provide the Vienna Stock Exchange with state-of-the-art exchange software in the future. Moreover, the extension of the agreement is testimony to the quality of our outsourcing and technology expertise,” says Frank Gerstenschläger, Executive Board member responsible for the cash market at Deutsche Börse AG.
Deutsche Börse has been using Xetra to operate the trading platform for the Vienna Stock Exchange since November 1999, and has been doing the same for the Irish Stock Exchange (ISE) in Dublin since June of 2000. Furthermore, trading on Eurex Bonds and Eurex Repo, as well as electricity trading on the European Energy Exchange (EEX) in Leipzig are based entirely on the Deutsche Börse technology. The Shanghai Stock Exchange, which operates China's largest stock exchange, will be using Xetra technology as the core element of its new trading platform in the future.
Xetra is one of the most powerful trading platforms for cash market securities and is a synonym for the electronization and internationalization of securities trading. The trading screens give national and international investors access to the securities listed on the Frankfurt Stock Exchange. Xetra works independently of the location of the trader, and provides access to the bids and offers in the order book. The execution of buy and sell orders is fully automated.
