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Hungary Bourse President Resigns

Published: September 6, 2011; 14:29 · (Vindobona)

Hungary's Budapest Stock Exchange President Mihaly Patai submitted his resignation Monday, state news agency MTI reported. This step is mainly due to disputes with the majority owner, the Austrian Vienna Stock Exchange.

Hungary Bourse President Resigns / Picture: © Vindobona.org

The Budapest Stock Exchange held an extraordinary general meeting on Tuesday, on the introduction of the Xetra trading system in Budapest. The bourse declined comment until that time.

Patai, who is also chairman-chief executive of the Hungarian arm of Italy-based UniCredit S.p.A. and chairman of the Hungarian Banking Association, has been in charge of the bourse since December,…

This article includes a total of 131 words.

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