CEE Stock Exchange Group
Encyclopedia
The CEE Stock Exchange Group (CEESEG) is a holding company comprising the stock exchanges of Vienna
, Budapest
, Ljubljana
and Prague
. The abbreviation CEE stands for Central and Eastern Europe. The holding company is the strategic and financial leader and also responsible for the administration of the equity interests, while the day-to-day operation of the exchanges is taken care of locally by the four subsidiaries.
The CEESEG is the most important equity trading platform for the Central and East European region. According to our estimates, the four stock exchanges jointly account for around half of total market capitalization and about two-thirds of total trading volumes in the CEE region, making the CEE Stock Exchange Group the largest player among the stock exchanges of Central and Eastern Europe.
The CEE Stock Exchange Group emerged from a series of acquisitions of Central and East European stock exchanges by the Vienna Stock Exchange after the fall of the Iron Curtain. The stock exchanges acquired were initially held by Wiener Börse AG as equity interests. In 2010, these exchanges – along with the former parent company – became equal members in the group of the newly created holding company.
The CEE Stock Exchange Group computes two indices: the CEESEG Traded Index (CEETX) and the CEESEG Composite Index. The CEETX is a price index based on the market capitalization of the 25 most actively traded securities of the four stock exchanges; the CEESEG Composite represents an average value derived from the four stock market indices ATX
, BUX
,PX and SBITOP.
Equity interests:
The CEE Stock Exchange Group owns the following equity interests in Central and East European stock exchanges (as of 20 February 2010):
Vienna
Vienna is the capital and largest city of the Republic of Austria and one of the nine states of Austria. Vienna is Austria's primary city, with a population of about 1.723 million , and is by far the largest city in Austria, as well as its cultural, economic, and political centre...
, Budapest
Budapest
Budapest is the capital of Hungary. As the largest city of Hungary, it is the country's principal political, cultural, commercial, industrial, and transportation centre. In 2011, Budapest had 1,733,685 inhabitants, down from its 1989 peak of 2,113,645 due to suburbanization. The Budapest Commuter...
, Ljubljana
Ljubljana
Ljubljana is the capital of Slovenia and its largest city. It is the centre of the City Municipality of Ljubljana. It is located in the centre of the country in the Ljubljana Basin, and is a mid-sized city of some 270,000 inhabitants...
and Prague
Prague
Prague is the capital and largest city of the Czech Republic. Situated in the north-west of the country on the Vltava river, the city is home to about 1.3 million people, while its metropolitan area is estimated to have a population of over 2.3 million...
. The abbreviation CEE stands for Central and Eastern Europe. The holding company is the strategic and financial leader and also responsible for the administration of the equity interests, while the day-to-day operation of the exchanges is taken care of locally by the four subsidiaries.
The CEESEG is the most important equity trading platform for the Central and East European region. According to our estimates, the four stock exchanges jointly account for around half of total market capitalization and about two-thirds of total trading volumes in the CEE region, making the CEE Stock Exchange Group the largest player among the stock exchanges of Central and Eastern Europe.
The CEE Stock Exchange Group emerged from a series of acquisitions of Central and East European stock exchanges by the Vienna Stock Exchange after the fall of the Iron Curtain. The stock exchanges acquired were initially held by Wiener Börse AG as equity interests. In 2010, these exchanges – along with the former parent company – became equal members in the group of the newly created holding company.
The CEE Stock Exchange Group computes two indices: the CEESEG Traded Index (CEETX) and the CEESEG Composite Index. The CEETX is a price index based on the market capitalization of the 25 most actively traded securities of the four stock exchanges; the CEESEG Composite represents an average value derived from the four stock market indices ATX
Austrian Traded Index
The Austrian Traded Index is the most important stock market index of the Wiener Börse and the largest trading place in the Austrian economy...
, BUX
BUX
The BUX is a stock index of large companies traded on the Budapest Stock Exchange.-Components:As of Apr 1, 2011:*OTP Bank ,*MOL ,*Richter Gedeon ,*Magyar Telekom ,*Egis ,*CIG Pannonia ,*FHB ,...
,PX and SBITOP.
Equity interests:
The CEE Stock Exchange Group owns the following equity interests in Central and East European stock exchanges (as of 20 February 2010):
- Vienna Stock Exchange: 100 %
- Budapest Stock ExchangeBudapest Stock ExchangeThe Budapest Stock Exchange was re-opened in 1990 with headquarters in Budapest, Hungary.BSE is the key institution of the Hungarian Financial market and the official trading venue for publicly offered securities....
: 50.453 % - Ljubljana Stock ExchangeLjubljana Stock Exchange-About the Ljubljana Stock Exchange:The core business of the Ljubljana stock exchange is to ensure a secure, efficient and successful operation of the regulated segment of the Slovene capital market, in accordance with the law and other regulations.LJSE performs the following business activities:*...
: 97.453 % - Prague Stock ExchangePrague Stock ExchangeThe Prague Stock Exchange or PSE is the Czech Republic's main securities market and currently the second biggest stock exchange in Central and Eastern Europe...
: 92.4 %