BVB’s collaboration with Wiener Borse is worth €250 mln

"When we launched the ROTX index, we expected an increase in BVB's liquidity, due to new international investors coming onto this stock exchange," said BVB's General Manager, Stere Farmache. Vienna Stock Exchange officials said that these investors bought shares in companies included in the ROTX index, which is used by several international banks as active support for structured financial instruments.

The ROTX index was launched in March 2005, and follows the evolution of the 11 most important companies listed on BVB. The market value of these companies amounted to €17.88 billion, up 86 percent in the past two years from €13.88 bln, and accounting for 70 percent of BVB's capitalization.

"Our cooperation with BVB is the most advanced of all collaborations Wiener Borse has with Central and Eastern Europe stock exchanges; we have a great institutional relationship," said Michael Buhl, Wiener Borse's General Manager.
The Vienna Stock Exchange currently has collaboration agreements with 15 international stock exchanges. "We are convinced that we can continue our cooperation with BVB, and together be prepared to face any possible changes due to regional competition and stock exchange globalization," Buhl added.