(PRESS RELEASE) VIENNA, 02-Nov-2020 — /EuropaWire/ — Wiener Börse AG, the operator of the stock markets in Vienna and Prague, has announced that London based XTX MARKETS, a leading algorithmic trading company, will become a new trading member of the cash market trading on the Vienna Stock Exchange. In its function as market maker for Austrian companies included in the national index ATX, they will provide additional liquidity with permanent buy and sell orders. XTX MARKETS, the 3rd largest FX liquidity provider globally, is a leading algorithmic trading company that provides liquidity in equity, foreign exchange, bond and commodity markets worldwide.
“In the past 20 years, the number of international trading members has multiplied. Today they generate the majority of our trading turnover. We are proud to provide an excellent global network to our listed companies in addition to our strong local banks. It’s all in the mix,” says Christoph Boschan, CEO of Wiener Börse AG.
A total of 87 members, including 26 Austrian and 61 international banks and securities firms, are now admitted to trading on the Vienna Stock Exchange. As of September 2020, over 83% of the trading volume originated from international trading houses.
About Wiener Börse AG
As the main provider of market infrastructure in the region, Wiener Börse AG is the gate to global markets. Operating the stock exchanges in Vienna and Prague, the group offers state-of-the-art systems, information and IT services. Listed companies receive maximum liquidity and investors benefit from fast and cost-effective trading by the market leader. Wiener Börse AG also collects and distributes stock market data and calculates the most important indices of the region. Because of this unique know-how the national stock exchanges in Budapest, Ljubljana and Zagreb trust its IT services. Additionally, the group holds stakes in energy exchanges and clearing houses.
Exclusion of Liability
This press release may contain certain forward-looking statements and forecasts that are based on assumptions current made at the time of publication of this press release. We do not assume any liability for these forward-looking statements materializing. Furthermore, we would like to explicitly point out that this press release cannot serve as a basis for investment decisions and may not be construed as a solicitation to buy or a recommendation to invest by Wiener Börse AG. No liability is assumed for the information given in this press release.
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SOURCE: Wiener Börse AG