Czech Republic based Prague Stock Exchange (PSE) has upgraded its electronic securities trading platform with Deutsche Börse's Xetra trading system from 30 November 2012.
PSE is connected to the Xetra network through the Vienna Stock Exchange, which is part of the CEE Stock Exchange Group (CEESEG) together with the exchanges in Budapest, Ljubljana and Prague.
Xetra trading participants can now gain easy access to the Prague financial market, while also enabling 15 new market participants in the city to access a large pan-European trader network.
Offering listing, trading and clearing services for issuers, intermediaries and investors, the technology has also been implemented by other stock exchanges in Europe, including those in Ireland, Bulgaria, Ljubljana, and Malta.
CEESEG is the umbrella company of Budapest, Ljubljana, Prague and Vienna Stock Exchanges, which represent nearly half of the total market capitalization as well as about two thirds of equity turnover in central and Eastern Europe.
It is also the primarily shareholder of PSE.