The Vienna Stock Exchange has completed a trading system switch for its derivatives market, replacing its old Nasdaq OMX OM-Click platform.
The new trading platform is supplied by Eurex, the joint venture derivatives exchange owned by Deutsche Börse and SIX Swiss Exchange.
Cash market participants that already use the Eurex infrastructure to trade derivatives in other countries will be able to use the new system for Austrian derivatives without any significant technical investment.
According to the Vienna Stock Exchange, this will result in the easier addition of new trading participants and an increase of liquidity on its derivatives market following the conversion. The exchange also claims the switch will give its derivatives members access to a larger group of general clearing providers.
The Vienna Stock Exchange already uses Xetra, the electronic trading system owned an operated by Deutsche Börse, for its cash market and for the spot market of the CEGH Gas Exchange. Furthermore, the Central and Eastern European Stock Exchange Group, a holding company for the stock exchanges in Vienna, Budapest, Ljubljana and Prague, plans to move the cash markets of all its exchanges to Xetra by the end of 2011.