On 1 April 1999, the Specialist and Market Maker model was introduced on the Vienna Stock Exchange. The Specialist – like the Market Maker – has the function to place binding competitive buy and sell orders (quotes) in the trading procedure "Continuous Trading with Auctions", which – with regard to the quotation period, the minimum size and the maximum spread – fulfil the requirements of the quotation obligation.



All specialist & market maker obligations can be found in the following files:

prime market, standard market,
direct market plus, direct market

pdf-file (170 KB)
xlsx-file (45 KB)

global market

pdf-file (115 KB)
xlsx-file (60 KB)


pdf-file (120 KB)
xlsx-file (25 KB)


pdf-file (215 KB)
xlsx-file (30 KB)

Auction with liquidity providers

pdf-file (130 KB)


Performance 10/2021 (pdf-file 700 KB)