Central European exchanges combine to form new group

The Vienna, Budapest, Llubjana and Prague stock exchanges have joined forces to create the Central and Eastern European Stock Exchange Group (Ceeseg). The entity has launched two new indexes.

“Following acquisitions of majority stakes in the exchanges of Budapest, Ljubljana and Prague last year, the deepening of our existing alliance by creating a family brand was a logical move,” says Michael Buhl, chief executive of the Vienna Stock Exchange. The four exchanges represent two-thirds of all equity turnover in the region.

The Ceeseg Composite Index is designed as a regional benchmark and includes components of the four exchanges’ main equity indexes. The Traded Index aims to be fully investable and incorporates the 25 largest, most-liquid blue-chip shares listed in the region. Both indexes are denominated in euros and US dollars.

Raiffeisen Centro Bank in Austria has already created an index-tracker certificate, a bonus certificate and two turbo long certificates tracking the tradable index.