The Weiner Börse, Austria’s domestic stock exchange, has revealed plans to create a common central and eastern European trading system.
The exchange plans to merge the equity trading platforms of the Budapest, Prague and Ljubljana (Slovenia) exchanges, where it holds majority stakes.
“We plan to install a common trading platform in the medium term but we have not decided on the system yet,” a spokesperson from the Weiner Börse told theTRADEnews.com.
Weiner Börse also confirmed it is looking to expand further. “The creation of a single platform is part of our strategy to stay competitive and we are interesting in acquiring stakes in other central and eastern European exchanges for strategic partnerships,” the spokesperson added.
The exchange jointly owns a 68.8% in the Budapest Stock Exchange with Austrian bank Oesterreichische Kontrollbank. It also purchased a 92.4% stake in the Prague Stock Exchange in October and an 81.08% stake in the Ljubljana Stock Exchange in June.