The Prague Stock Exchange migrated its electronic securities trading to Deutsche Börse's Xetra trading system on 30 November. The Prague Stock Exchange is being linked to the Xetra network through the Vienna Stock Exchange, which has operated its own cash market with Xetra since 1999. The Vienna Stock Exchange is part of the CEE Stock Exchange Group (CEESEG) together with the exchanges in Budapest, Ljubljana and Prague.
Xetra trading participants can now use the Xetra infrastructure to gain easy access to the Prague financial market. Moreover, 15 new market participants in Prague now have access to a large pan-European trader network.
“We have worked with the Vienna Stock Exchange for over twelve years as a sourcing partner. We are delighted that the Prague Stock Exchange is now operating with Xetra technology as a further CEESEG partner exchange thanks to this successful cooperation,” said Frank Gerstenschläger, member of the Executive Board of Deutsche Börse AG and responsible for the Xetra business area.
“By standardising the trading systems and membership contracts across our group, we wanted to acquire international investors and strengthen liquidity on all CEESEG markets,” said Michael Buhl, member of the Management Board of CEESEG.
Petr Koblic, General Director of the Prague Stock Exchange, said: “The introduction of the new trading system will make trading at the Prague Stock Exchange more attractive for international investors who already use the Xetra system. We expect the implementation to have a positive effect on liquidity.”
Xetra technology is also used by other stock exchanges in Europe. After implementation in Vienna, the Irish Stock Exchange followed in the year 2000. The Bulgarian Stock Exchange has used Xetra since 2008, the Ljubljana Stock Exchange in Slovenia since 2010 and the Malta Stock Exchange since 2012. The Eurex subsidiary Eurex Bonds also uses the Xetra trading system.