| Assignment Name:Implementation of New Europe Exchange |
Country: Austira |
| Location within Country:Vienna |
Professional Staff Provided by your Firm: 22 |
| Name of Client: NEWEX ? New Europe Exchange |
No. of Staff: 50 |
Address:Wallnerstra?e 8 A-1014 Vienna Austria
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No. of Staff Months, Duration of assignment: 120 staff months Duration: 18 months |
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Start Date:January 1999 |
Completion Date:November 2000 |
Approx. Value of Services:N/A |
| Name of Associated Firm(s) if any:Deutsche B?rse AG |
No. of Months of Professional Staff Provided by Associated Firm(s): 140 staff-month |
Name of Senior Staff (Project Director/Coordinator, Team Leader) involved and functions performed:Project Manager: Mr. Paul Putz Team Leader Co-operation: Mr. Hannes A. Takacs Team Leader Finance & Admin: Mr. Alexander Vojta Team Leader Clearing, Risk Management & IT: Mr. Ludwig Niessen |
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Narrative Description of Project: |
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Establishment of the New Europe Exchange NEWEX as the central securities exchange for Central and Eastern European securities. NEWEX, a licensed exchange according to international standards, is jointly owned by Deutsche B?rse Frankfurt and Wiener B?rse AG with its headquarters in Vienna, Austria. |
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Description of Actual Services Provided by your Staff: |
- Project management
- Drafting of the organizational structure and job descriptions
- Human research development
- Development of the exchange work flow
- Development of trading, clearing and settlement procedures and of a risk management system
- Development of a market segmentation as well as a market maker and specialist system for the traded securities
- Implementation of the fully automated trading
- Implementation of the fully automated clearing and settlement system
- Drafting of a marketing plan and campaign
- Development of Corporate Design and Identity
- Training of the personnel and the market participants
- Drafting of rules and regulations
- Drafting of the business plan
- Application for exchange license
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