ADVERTISEMENT

Practically all Hungarian brokers adopting Xetra

Deals

Practically all Hungarian brokers are adopting the Xetra trading system that the Budapest Stock Exchange will start using in December, business daily Napi Gazdaság has reported. Even smaller brokers say they will adopt the system, which some speculated earlier could force consolidation on the marketplace. 

Ferenc Virág, who heads Random Capital, said Xetra did not pose a threat to smaller brokers so much as to bigger businesses that use direct market access systems. He added that the system could bring big foreign players to the bourse, brokers for whom the BSE's different trading system was earlier a disincentive.

The BSE will introduce the Xetra trading system on its spot market on December 6, replacing the MMTS I system.

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 earlier.

ADVERTISEMENT

Purchasing Managers' Index rises Analysis

Purchasing Managers' Index rises

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

The strongest move - Morgan Stanley Hungary head and Chess F... Podcasts

The strongest move - Morgan Stanley Hungary head and Chess F...

New Jewish cultural hub opens in Budapest City

New Jewish cultural hub opens in Budapest

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.