Budapest bourse to adopt Xetra trading platform in December

Awards

The Budapest Stock Exchange will introduce the Xetra trading system on its spot market on December 6, replacing the MMTS I system, CEO Zsolt Katona said on Thursday. The bourse's shareholders approved the replacement of the system and the introduction of a market maker model at a general meeting in April 2012. “Through connecting to the Xetra network the Hungarian market will be more accessible for the international investors while the new market maker model will help creating additional liquidity and will enhance the quality of the market,” the BSE said at the time. Katona said on Thursday that the bourse's “A” and “B” categories would be replaced with “Premium” and “Standard” categories, and a new category would be introduced for shares that were listed for technical reasons and generate minimal turnover. He added that there were plans to introduce a separate multilateral trading facility for SMEs. Katona said the MMTS would continue to operate on the bourse's derivatives market.

ADVERTISEMENT

EU-funded fact-checking website in Hungary launches Analysis

EU-funded fact-checking website in Hungary launches

General elections to be held on April 3 Elections

General elections to be held on April 3

Microsoft Hungary head Chris Mattheisen discusses the Vatica... Podcasts

Microsoft Hungary head Chris Mattheisen discusses the Vatica...

Most districts not planning mandatory vaccination at kinderg... City

Most districts not planning mandatory vaccination at kinderg...

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.