The Vienna Stock Exchange has acquired a further partner for data vending with the Montenegro Stock Exchange. The agreement was signed by the two exchanges at the beginning of November 2011.
The data vending network of the Vienna Stock Exchange now comprises – apart from the exchanges of the CEE Stock Exchange Group (Vienna, Budapest, Ljubljana and Prague) – six further exchange partners from CEE: the exchanges of Bucharest, Sarajevo, Banja Luka, Macedonia, Belgrade and now also Montenegro.
Furthermore, the data disseminated also includes the data of the CEGH Gas Exchange of the Vienna Stock Exchange, the power exchange EXAA (Energy Exchange Austria) and the PXE (Prague Energy Exchange).
Data vendors of the Vienna Stock Exchange – financial information providers which act as wholesalers and ensure worldwide dissemination – will be able to subscribe to the price data of the Montenegro Stock Exchange with the implementation of the data in the Vienna ADH data feed (scheduled for 2Q 2012) via their existing lines in the same format and in the same structure as the Vienna Stock Exchange data. “The Montenegro Stock Exchange will take advantage of the new connection to the international client structure and the modern technical infrastructure of the Vienna Stock Exchange for its own data dissemination,” added Michael Buhl, Member of the Management Board of Wiener Börse AG and of the CEE Stock Exchange Group.
The Montenegro Stock Exchange with its registered office in Podgorica was founded in June 1993 and as of the beginning of November it had a market capitalization of approximately EUR 2.8 billion.
Currently, the Vienna Stock Exchange as the data hub for the CEE Stock Exchange Group has 250 information providers as customers. 39% of end users come from Great Britain, 22% from the US and 9% from Germany.
The share of terminals in Austria is 6%.
The Vienna Stock Exchange is a 100% subsidiary of the CEE Stock Exchange Group (CEESEG), which includes the stock exchanges of Budapest, Ljubljana and Prague.
The CEE Stock Exchange Group is the largest stock exchange group in the region and accounts for nearly half of total market capitalization and around two-thirds of total equity turnover in Central and Eastern Europe.
CEESEG facilitates market access and trading on the local markets to improve liquidity. The Group also organizes joint activities to raise the international recognition of the four markets. .
