May 2002
Pan-European approach starts to pay off for Virt-x
There should be cost advantages to using a pan-European equities exchange such as Virt-x. However, some potential users say complexity outweighs savings and much of Virt-x’s market share is Swiss stocks.
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Antoinette Hunziker-Ebneter:
open to cooperation if a deal
makes sense |
Virt-x, the European blue-chip equity exchange, is close to
hitting a long-held target of capturing 10% of European blue-chip
equity volumes by the end of June - the exchange's first
anniversary.
Antoinette Hunziker-Ebneter (pictured left), Virt-x's chief
executive, says: "Our benchmark is the Dow Jones Stoxx 600 and in
March and April we have reached this 10% several times. We are not
yet there, because we want to reach it on a consistent basis, but
we are almost there."
Virt-x claims to be the only exchange to offer an integrated
pan-European model for cross-border equity trading, clearing and
settlement. All the major European indices can be traded on a
single platform. And if a broker needs to buy stock in an Italian
company and a French company, he can execute both trades on Virt-x
rather than having to go to the Italian and French stock...
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