- 452 stocks from 18 countries now trading on the Vienna Stock Exchange
- 'Global market' segment becoming second most dynamic segment on VSE in just seven months
(Vienna) Vienna Stock Exchange's 'global market' segment launched in June 2017 has grown to become the second most dynamic segment of the exchange. The global market is being gradually expanded and as of today also includes twenty Russian ADRs, besides the 432 stocks from the US, Germany, France, Spain, Italy and the Netherlands already being traded. The Russian ADRs (American Depository Receipts) are oriented on the RDX Extended index calculated by the Vienna Stock Exchange. The index includes well-known companies such as Gazprom, Lukoil and Sberbank. In the global market segment Austrian investors can trade on their home market, at local fees.
The Vienna Stock Exchange has a long-standing track record as a provider of indices for Russia, with the first one having been created in 1997. The RDX index is the global leading Russian benchmark for structured products and derivatives. In addition to that, the Vienna Stock Exchange has now made highly liquid index components available for trading to private investors on their home market.
"Our clear goal is to open the door to the world of international stocks for domestic investors. Based on our longstanding experience in Central and Eastern Europe, enlarging the global market to include Russian ADRs is the logical next step. This way we are creating a bridge to Central and Eastern Europe for domestic investors and are further strengthening our position as the main marketplace for Austrian investors," explained Christoph Boschan, CEO of the Vienna Stock Exchange. "By all accounts, we seem to have found the sweet spot with the introduction of the global market. In just seven months, it has become the second liveliest market segment on the Vienna Stock Exchange, with trading volumes doubling every month."
Raiffeisen Centrobank AG (RCB) will act as the market maker for Russian ADRs. There are a total of three market makers (Baader Bank, Lang und Schwarz and RCB) for the global market. Narrow spreads and high volumes make it possible for the orders of private investors to be executed immediately at prices analogous to those on the reference markets.
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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.
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