Vienna bourse debuts high-speed data
Vienna Stock Exchange has started a new low-latency market data service that it says will provide better, faster market data for investors interested in trading Vienna, Prague and Ljubljana.
All three exchanges are members of the central and eastern Europe stock exchange group, together with Budapest Stock Exchange. The idea behind the new market data feed is to provide high-speed data that should help high-frequency traders and other market participants that are using algorithms to trade more effectively on those markets. Users can connect to the rapidADH feed via the Vienna data centre access points and via separate leased line connections with a recommended bandwidth of 10Mbit/s.
Budapest is not currently included, because the new market data feed only covers the CEESEG exchanges that use Xetra, the trading system used by Germany’s Deutsche Börse. Last November, Prague Stock Exchange started trading on Xetra; Budapest is due to join in the second half of this year. Budapest is the last exchange in the group to adopt Xetra.
Together, the CEESEG exchanges have a combined market capitalisation of approximately €125.9 billion. The CEESEG exchanges aim to compete with the region’s other largest market, Poland’s Warsaw Stock Exchange, which currently has a market capitalisation of approximately €120 billion, according to figures provided by the Federation of European Securities Exchanges.