The Management Board of the exchange operating company, Wiener Börse AG, passed the resolution on April 28, 2015 to admit, under the regime of freedom of movement, Walter Ludwig Wertpapierhandels GmbH, Frankfurt am Main (Germany) as a member to the Vienna Stock Exchange, effective May 5, 2015.
The member Walter Ludwig Wertpapierhandels GmbH, Frankfurt am Main (Germany) is authorized to take part in trading on the cash market in securities via the electronic trading system XETRA® and takes part as a direct clearing member in the clearing system for trades executed in cash market trading.
Membership in the Vienna Stock Exchange in its function as a securities exchange entitles the member to take part in trading on the Third Market operated as an MTF by the exchange operating company, Wiener Börse AG. Trading in financial instruments in the Third Market operated as a Multilateral Trading Facility (MTF) is not based on any formal admission procedures to exchange trading.
The requirements of the Stock Exchange Act regarding financial instruments admitted to trading on a regulated market and the obligations imposed on issuers do not apply to the financial instruments traded on the Third Market, but the bans imposed by §§48b and 38c Stock Exchange Act do.