Trading System Technology Upgrade Successfully Completed By Vienna Stock Exchange And Its Partner Exchanges

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.