With the first day of trading on the new system, there was a change in the symbol of trade instruments, which were shortened and simplified (eg the ZB-R-A shares now known as ZB ZB-R are now ZB).
The Xetra trading system is the Deutsche Börse, for which the Vienna Stock Exchange is a distributor and operator for this part of Europe. In addition to Zagreb and Vienna, the trade system of Xetra and other services of the Vienna Stock Exchange still use numerous other exchanges, as well as the Ljubljana Stock Exchange, owned by the Zagreb Stock Exchange.
“This new form of cooperation with the Vienna Stock Exchange through the Xetra trading system is in line with the long-term objectives of the Zagreb Stock Exchange, which is to promote and increase the visibility of the domestic and regional capital markets and facilitate access to foreign investors,” said Ivan Gažić, president of the Zagreb Stock Exchange. “The expansion and internationalization of the investor base is something we are hoping for, and we hope this cooperation will have positive effects on liquidity, one of our biggest challenges.”
Ludwig Nießen, member of the Board of Directors of the Vienna Stock Exchange (COO and CTO), added: “We are pleased to have joined a new stock market for our network. Our services are characterized by modern technology and flexibility, thus contributing to the global connectivity of our customers, Markets in a wider economic European context. ”
The Zagreb Stock Exchange and the Vienna Stock Exchange have been cooperating in the field of data distribution since 2014.
With the first day of trading on the new system, there was a change in the symbol of trade instruments, which were shortened and simplified (eg the ZB-R-A shares now known as ZB ZB-R are now ZB).
At the same time, the trade time was changed so that the opening auction lasted from 9.00 to 9.30 and the continuous trade took place from 9.30 to 16.00.
Source: Zagreb Stock Excange