Extended trading calendar positively received by trading participants; + 807 mn EUR turnover
(Vienna) In 2019, the Vienna Stock Exchange made its infrastructure available on four selected Austrian public holidays. This measure creates harmony with EU standards and strengthens the international positioning of the Austrian national stock exchange. On the additional trading days, market participants generated a total turnover of EUR 807 million: EUR 154 million on Ascension Day (30 May), EUR 212 million on Corpus Christi (20 June), EUR 249 million on Assumption Day (15 August) and EUR 193 million on All Saints' Day (1 November). On Austrian public holidays, trading was as strong as on any other trading day (average daily turnover in 2019: EUR 224 million).
"With the additional trading days, the Vienna Stock Exchange held EUR 807 million in turnover on the national stock exchange, which would otherwise have migrated to other trading venues. The alignment of our opening hours with European competitors is a logical consequence of our international positioning," says Christoph Boschan, CEO of Wiener Börse and its holding company.
The trading calendar of the Vienna Stock Exchange also schedules trading sessions on four public holidays next year: 6 January 2020 (Holy Three Kings), 21 May 2020 (Ascension Day), 11 June 2020 (Corpus Christi) and 8 December 2020 (Immaculate Conception).
Two decades of Internationalisation Bring Tripled Turnover and Modernisation
In November 1999, exactly two decades ago, Wiener Börse simplified the connection of new foreign market participants by using an international trading system. Turnover has tripled since then. Today, international trading houses account for 84% of turnover on the Austrian national stock exchange. The volume of data transactions has increased more than a hundredfold and the processing speed for price formation has increased by a factor of 500.
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About the Vienna Stock Exchange
The Vienna Stock Exchange is the only securities exchange in Austria. It features a modern infrastructure and supplies market data and relevant information. It offers Austrian companies maximum visibility, high liquidity and utmost transparency. Investors can rely on the smooth and efficient execution of exchange trades. The Vienna Stock Exchange operates a central market datafeed for Central and Eastern Europe (CEE) and is well established as an expert for the calculation of indices with a reference to the region. Wiener Börse AG, together with its holding company, CEESEG, cooperates with over ten exchanges in CEE and is globally recognized for this unique know-how.
Exclusion of Liability
This press release may contain certain forward-looking statements and forecasts that are based on assumptions current made at the time of publication of this press release. We do not assume any liability for these forward-looking statements materializing. Furthermore, we would like to explicitly point out that this press release cannot serve as a basis for investment decisions and may not be construed as a solicitation to buy or a recommendation to invest by Wiener Börse AG. No liability is assumed for the information given in this press release.