The commitment of a trading participant to act as a specialist is also required and who agrees to enter firm quotes into the system on a permanent basis. It is desirable to have further commitments of market makers to increase liquidity in the stock.
The trading platform used is Xetra® with the trading procedure "Continuous Trading" in conjunction with several auctions (opening auction, intra-day auction, closing auction).
The mid market represents the market segment of Wiener Börse AG that as of 18 June 2007 offers companies with low capital requirements the option of raising capital through the capital market. The mid market contains stocks (including also shares represented by certificates) that are admitted to listing on the Official Market or Second Regulated Market or admitted to trading in the Third Market and of those companies agree to fulfill more stringent reporting, quality and disclosure requirements. An essential feature is the function of Capital Market Coach, who supports the company. The admission criteria and ongoing obligations are specified in the Mid Market Rules (pdf-file 115 KB).
The trading platform for the mid market is the Xetra® trading system with the trading procedure "Continuous Trading" or "Auction" (single intraday auction) and is therefore divided into the mid market continuous and the mid market auction.
The segment standard market contains all stocks (including also shares represented by certificates) admitted to listing on the Official Market or Second Regulated Market that fail to meet the criteria for the prime market or mid market as well as participation certificates admitted to listing on the Official Market or Second Regulated Market. The standard market is divided into the standard market continuous and the standard market auction.