Early extension of Xetra agreement by Vienna Stock Exchange

Electronic securities trading at the Vienna Stock Exchange will continue to use Deutsche Börse’s trading system until at least 2017. The two companies announced this decision today. Wiener Börse AG has extended its Xetra agreement with Deutsche Börse AG, which was due to expire at the end of 2012, by a further five years.

“Xetra is an extremely reliable and high-performance trading system, and with Xetra we have operated a very efficient cash market at the Vienna Stock Exchange for over ten years. The extension of this agreement highlights our successful cooperation with Deutsche Börse,” said Michael Buhl, member of the Management Board of Wiener Börse AG and CEESEG AG.

Frank Gerstenschläger, member of the Executive Board of Deutsche Börse AG, said: “The early extension of this agreement demonstrates the high quality and attractiveness of our trading system. Participants in the Vienna cash market will continue to benefit from state-of-the-art technology in the future, as well as from all the measures we are implementing to extend the functionality of our network and back-end system and to regularly improve performance.”

The agreement ensures that the Vienna Stock Exchange’s cash market will continue to operate with the most efficient technology in the event that Deutsche Börse makes future improvements to its trading system for the benefit of cash markets. Both parties thus agreed that all future modifications or updates to Deutsche Börse’s trading system would be introduced on the Vienna Stock Exchange at the same time.

Cash market trading on the Vienna Stock Exchange has been based on Xetra technology since November 1999. Since December 2009, the Central European Gas Hub (CEGH) has operated with Xetra under license from the Vienna Stock Exchange, and Vienna’s CEESEG partner exchange in Ljubljana has also operated with the Xetra system since December 2010. The CEESEG partner exchanges in Prague and Budapest will also use the Xetra trading system in the future.

Xetra has also been used by the Irish Stock Exchange since 2000 and the Bulgarian Stock Exchange since 2008. Other users of the Xetra trading system are the Eurex subsidiary Eurex Bonds and the European Energy Exchange. The Shanghai Stock Exchange uses Xetra as the basis for its New Generation Trading System introduced at the start of 2010.

Deutsche Börse is also the sourcing partner for the derivatives market of the Vienna Stock Exchange: The Vienna derivatives market has operated using Deutsche Börse’s Eurex system since April 2010.

Xetra® is a registered trademark of Deutsche Börse AG.

About Xetra
The Xetra business unit of Deutsche Börse provides listing, trading and clearing services for issuers, intermediaries and investors. Xetra provides efficient access to the capital markets, supports the latest trading techniques and provides an ever-growing range of tradable securities.
The trading system of the same name sets the highest standards in terms of reliability, security, speed and innovation. Xetra offers the highest liquidity, transparency and cost efficiency to more than 250 European banks and brokerage firms from 18 countries. Approximately 500,000 securities are currently traded using Xetra technology, more than on any other trading platform.

About the CEE Stock Exchange Group
The CEE Stock Exchange Group (CEESEG) consists of the stock exchanges in Vienna, Budapest, Ljubljana and Prague and is the largest stock exchange group in the region. To increase the liquidity of the markets, CEESEG simplifies market access and trade at local trading venues. The CEESG stock exchanges cooperate with 12 stock exchanges in Central and Eastern Europe and are being appreciated worldwide for their unique CEE know-how.