Pan-European approach starts to pay off for Virt-x
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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.

       
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 exchanges individually.



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