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Screenshot of a breaking news alert e-mail from Q2 2017
The Vienna Stock Exchange AG (Wiener Börse AG) today announced that it has acquired a stake and has formed a strategic partnership with LIMEYARD AG, a global index provider fintech based in Switzerland, to provide real-time index calculation and data dissemination.
Vienna Stock Exchange is thus aiming to expand its recognized CEE index expertise, by offering next-generation global index calculation in the future. LIMEYARD provides both proprietary and non-proprietary indices by combining cutting-edge innovation with state of the art cloud-based technology. This enables it to serve customers faster and more cost-effectively with tailor-made solutions. LIMEYARD significantly boosts the reliability of index calculation versus traditional providers, through its innovative database architecture and high degree of automation. Founded by a team of reputable industry experts, the index provider has offices in New York, Paris, Zurich and now Vienna. The parties agreed not to disclose details and the price of the transaction.
This joint-venture will enable the two companies to benefit from significant synergies in developing an innovative range of indices. LIMEYARD provides its know-how in index operations, research and product innovation as well as customer support. With decades of index experience, Vienna Stock Exchange brings in real-time index calculation and data dissemination expertise on its internationally recognized infrastructure.
The index offering will target financial institutions using indices as underlyings for financial products such as certificates, warrants, bonds, ETFs (Exchange Traded Funds) or standardized derivatives like futures and options.
Patrick Valovic, Founder & Managing Partner of LIMEYARD, commented:
Our ambition to compete with traditional index providers as a highly efficient, fully client-centric index provider makes our joint venture with the Vienna Stock Exchange a perfect fit. While we continue to establish a global range of “plain-vanilla” and innovative index offerings, we are now also able to offer our services in real time to a broader client base, together with the Vienna Stock Exchange. The close relationship between LIMEYARD and the Vienna Stock Exchange will further enable us to meet our clients’ needs in the best possible way.
Christoph Boschan, CEO of the Vienna Stock Exchange, added:
With this move, we are pushing our growth strategy even further by diversifying our index business. LIMEYARD is the ideal partner for us thanks to their tech-driven innovation and agile approach to index calculation. Our customers will benefit from faster, automated services that have a high degree of reliability and a global scope. We’re happy to support the scaling-up of a thriving fintech such as LIMEYARD while also taking our index business to the next level. Working closely together will enable us to benefit from synergies in index innovation, calculation and development. And by calculating global indices in the future, we will increase our international visibility as a trading place.