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
Auction with liquidity providers
pdf-file (130 KB)
Performance 09/2021 (pdf-file 700 KB)