Since Thursday, for the first time, Hungarian market
participants from the Budapest Stock Exchange have
been trading on Xetra, the electronic trading platform
of Deutsche Börse, as the company announced on
Thursday. The Budapest Stock Exchange was technically
linked to Xetra for this and is functioning as a
so-called Multi Member Frontend Provider, who makes
available the necessary technical infrastructure, as
well as the network, for its trading participants. The
first five trading participants to use the Multi
Member Service of the Budapest Stock Exchange are
Concorde Securities Ltd, ING Hungary Ltd, Budacash
Ltd, Inter Europa Bank Ltd and Erste Bank Hungary Ltd.
Moreover, another Hungarian market participant,
Takarekbank Ltd, is trading on Xetra via an internet
connection, Deutsche Börse said. All six Hungarian
banks and securities trading firms had been directly
admitted to trading as participants at the Frankfurt
Stock Exchange (FWB Frankfurter Wertpapierbörse).
With the connection of East European trading
participants, Deutsche Börse is continuing to expand
its global participant network. Some 310 participants
from 16 countries currently participate in Xetra
trading. The trading participants worldwide benefit
from equal access to the trading platform regardless
of their location. In addition to flexibility and
high-performance, Xetra is distinguished above all by
the international product spectrum with over 10,000
equities and exchange-traded funds.
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