Budapest Stock Exchange Migrates to Xetra

The entire CEESEG is now using the Xetra platform for its cash securities markets.

The Budapest Stock Exchange (BSX) has completed the migration of its trading system to Xetra, meaning that all four exchanges in the Central and Eastern Europe Stock Exchange Group (CEESEG) are now running Deutsche Börse's platform.

The migration was completed on Friday, and the bourse will link to the Xetra network through the Vienna Stock Exchange. The CEESEG comprises markets in Vienna (Austria), Ljubljana (Slovenia), Budapest (Hungary) and Prague (Czech Republic).

"We have been working with the Vienna Stock Exchange as a sourcing partner for over 14 years now," says Martin Reck, head of the cash market at BSX. "We are delighted that this successful cooperation means the Budapest Stock Exchange can operate with Xetra technology and thus now the whole CEESEG."

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