Since August 2003, Deutsche Börse and the Budapest Stock Exchange have been cooperating to connect Hungarian trading participants. The Budapest exchange provides the technical infrastructure to its customers, as well as the network used to access the pan-European Xetra trading platform. Seven Hungarian banks and securities firms have already been approved as direct Xetra participants.
The connection of Fio Burzovní Spolecnost as the first Czech Xetra participant represents the latest move on the part of Deutsche Börse Group to further expand its global participant network. Deutsche Börse operates the world's largest stock exchange network. 700 participants from roughly 20 countries trade on the Group's systems at the lowest possible cost. Around 70 percent of these participants are based outside of Germany. As well as benefiting from the flexibility and high performance of the Xetra system, the participants across the globe enjoy equal access to a broad-based, liquid and tradable range of products. At present, more than 10,000 equities, warrants, certificates, and exchange-traded funds are traded on Xetra.
