Vladimír Urbánek (Kurzy.cz)
Czech markets  |  November 20, 2012 13:37:31

PSE goes on Xetra 30th November


The PSE will start 30th 11th 2012 the new trading platform Xetra ®. Prague Stock Exchange and the Vienna and Ljubljana becomes the next member of the CEE Stock Exchange Group (CEESEG), which will use a common trading system.

Implementation of the new system is a significant step within the group CEESEG   and is in line with the strategy of maximum accessibility of national markets to foreign investors. The new system offers many advantages also current members of the Exchange, who, thanks to the wide possibilities of connectivity will have easier access to foreign markets that use system Xetra ®. To trading on the Xetra ®Which is developed and operated by the Frankfurt group Deutsche Börse Group, is currently involved in licensed more than 250 banks and investment companies and other 4700 registered traders around the world. Xetra ® platform using Exchange CEESEG group (currently Vienna and Ljubljana Stock Exchange, Budapest Stock Exchange commenced implementation), and in addition to Deutsche Börse Group, for example, the Irish Stock Exchange, Malta Stock Exchange or Bulgaria Stock Exchange.

"With the implementation of a new trading system, the Prague bourse gets into the spotlight of foreign investors, who are already using this system, which, as we strongly hope, have a positive effect on liquidity in our market. By using our platform partner exchanges within the group CEESEG, there is a logical harmonization of trading rules and listing, and for Czech issuers thus opening doors for easy entry into other European markets, "says Petr Koblic, CEO of the Prague Stock Exchange .

A necessary condition for transition to the new trading system on the given date is the successful introduction of a new version of the system Xetra ® (Xetra Release 13.0) on the Deutsche Börse, announced on the 26th November 2012 and also the readiness of members of the PSE.

The Prague Stock Exchange

Prague Stock Exchange, as the largest and oldest organized securities market in the Czech Republic.   It is a joint-stock company whose majority owner is CEESEG AG.   Trading takes place through licensed dealers who are members of the Exchange. Exchange is a member of the Federation of European Securities Exchanges (FESE).

CEE Stock Exchange Group

CEE Stock Exchange Group (CEESEG) is the holding company for the stock exchanges of Budapest, Ljubljana, Prague and Vienna.CEESEG contributes to half of the total market capitalization and about two-thirds of trading volumes in Central and Eastern Europe and is the biggest player of all exchanges in the region. CEESEG simplifies access to individual local markets while the group is taking steps aimed at increasing awareness of these markets.

Marie Mühlhoferová
External Communication
PSE

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