07.05.2021

Bulgaria Launches Trading In International Blue-Chip Stocks

07.05.2021
Shanny Basar
Global FX Markets Stay Connected

Investors in Bulgaria can now trade international blue-chip stocks directly on the Bulgarian Stock Exchange (BSE). This has been made possible by Deutsche Börse’s modern trading technology and its global client network. Investors on the BSE can now benefit from an expanded product portfolio and lower costs for international securities trading.

“With the successful implementation of this new market segment, we are once again demonstrating that, in addition to our exchange trading services, we are also actively contributing to our customers’ business development,” says Marian Valkov, Customer Relationship Manager at Deutsche Börse for the Bulgarian Stock Exchange.

As a global market infrastructure provider, Deutsche Börse is a technology partner for other exchanges and offers customers a broad network to support them in their expansion projects. “Just as we have done in this case for the Bulgarian Stock Exchange, we support our partners in the implementation of projects by providing not only our services but also experts from our network, and by taking over the central project coordination. This way we ensure that our technology is rolled out successfully and that efficient, stable trading can be guaranteed from the technical side,” says Alexej Roytburg, Solution Architect for Deutsche Börse Group’s partner exchange business.

With the introduction of the new market segment, market participants on the Bulgarian Stock Exchange can trade around 100 selected international blue-chip stocks. “Trading international blue-chip stocks significantly increases the attractiveness of our offering and is an important step for the Bulgarian capital market. As a result, our market participants benefit from lower connectivity costs and tighter spreads in trading,” explains Manyu Moravenov, CEO of the BSE. “Deutsche Börse is a valuable and reliable partner in the internationalisation of our offering.”

The stock exchange in Sofia, Bulgaria, has been using Deutsche Börse’s trading systems since 2008, and its modern T7 system since 2019. Various other exchanges in Europe and globally also use Deutsche Börse’s leading trading architecture. The global derivatives exchange Eurex, the Frankfurt Stock Exchange with its Xetra platform, and the European Energy Exchange (EEX), the number one in global power trading, all use T7. The cash market trading of the Vienna Stock Exchange and the Shanghai Stock Exchange is based on Deutsche Börse technologies, and exchanges in Budapest, Ljubljana, Prague, and Zagreb have also been using Deutsche Börse technology for many years. T7 stands for low latency, enormous reliability, and a high degree of flexibility. This is demonstrated by its diverse use on cash, derivatives, and energy markets worldwide.

Source: Deutsche Börse

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