Vienna, Budapest, Ljubljana, Prague Join CEE Stock Exchange Group

The Stock Exchanges in Vienna, Budapest, Ljubljana and Prague have been integrated into the Central and Eastern Europe (CEE) Stock Exchange Group in a bid to implement coordinated marketing and information dissemination.

"The four member exchanges account for half of the total market capitalization and around two-thirds of the equity turnover in the CEE region. This makes the CEE Stock Exchange Group the biggest player among all stock exchanges of Central and Eastern Europe. Our goal is to strengthen and advance the regional capital markets of CEE and to position them internationally," a press release from the CEE Stock Exchange Group indicates.

The Group Members have already launched two common indices: the CEETX and the CEESEG. The CEETX is a capitalization-weighted price index, which is made up of the 25 most actively traded and highest capitalized stocks of the member of the CEE Stock Exchange Group. The index will be calculated and disseminated in real-time in EUR and USD. CEETX is designed as a tradable index. Due to the excellent liquidity of the constituents, the index can be used as underlying for structured products and for standardized derivatives (futures & options).

The CEESEG Composite Index is a capitalization-weighted price index, which is composed of the constituents of the leading share indices of the member of the CEE Stock Exchange Group. Thus, the index comprises the stocks included in the ATX, BUX, PX and SBITOP. The index will be calculated and disseminated in real-time in EUR and USD. The CEESEG Composite Index serves as a representative benchmark for investors and represents the development of the capital markets of the whole group.

"The four members of the CEE Stock Exchange Group work together in a close partnership. However, they continue to act independently under local management. We have already launched a number of joint projects and have several in planning that will benefit listed companies, trading members, institutional investors and the data customers of all member exchanges," the press release further reads.