Wiener Börse

Coordinates: 48°12′54″N 16°22′00″E / 48.21500°N 16.36667°E / 48.21500; 16.36667
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Wiener Börse AG
TypeStock exchange
LocationVienna, Austria
Coordinates48°12′54″N 16°22′00″E / 48.21500°N 16.36667°E / 48.21500; 16.36667
Founded1771; 253 years ago (1771)
Key peopleChristoph Boschan, Andrea Herrmann, Petr Koblic
IndicesAustrian Traded Index (ATX)
Websitewww.wienerboerse.at
Palais Caprara-Geymüller, site of the Wiener Börse

The Wiener Börse AG (also known as the Vienna Stock Exchange) is a bourse situated in Vienna, Austria. The exchange also owns and operates the Prague Stock Exchange, and holds stakes in energy exchanges and clearing houses. It provides market infrastructure to other exchanges in Central, Eastern, and Southeastern Europe (Budapest, Zagreb, and Ljubljana), and collects and distributes stock market data and calculates the most important indices of the region.[1] The Austrian Traded Index (ATX), the leading index of Wiener Börse, tracks the price of its blue chips in real time. The ATX composition is updated every March and September, mainly based on a stock's capitalized free float and trading volumes.[2]

History[edit]

Wiener Börse is one of the world's oldest exchanges and was founded in 1771 during the reign of Empress Maria Theresa of Austria in order to provide a market for state issued bonds. She tried to rein in the illegal trade that took place in coffeeshops during that time.[3]

On 9 May 1873, the stock exchange crashed spectacularly ("Der Krach"), signalling the start of the Long Depression.[4]

In 1985, Jim Rogers triggered a bull market when he said the Austrian capital market had high potential.[5] He has been notable for his contributions to the Austrian stock market.[6]

In 2008, the Wiener Börse agreed to buy the Prague Stock Exchange for an undisclosed amount.[7]

In 2019, it opened a multilateral trading facility (the exchange-regulated "Vienna MTF"), a Third market for over-the-counter transactions, mainly of foreign corporate bonds.[8]

In 2020, the Wiener Börse listed for the first time products denominated in the cryptocurrencies Bitcoin and Ethereum, making real-time prices available for trading between available between 9:15 am - 5:30 pm.[9]

In 2023 the company formed EuroCTP as a joint venture with 13 other bourses, in an effort to provide a consolidated tape for the European Union, as part of the Capital Markets Union proposed by the European Commission.[10]

See also[edit]

References[edit]

  1. ^ "Vienna, the city where east meets west". Financial Times. Retrieved 9 April 2024.
  2. ^ "Wiener Börse Konzernstruktur". Wiener Börse AG (in German). Retrieved 26 June 2022.
  3. ^ "250 Jahre Wiener Börse - ein Vierteljahrtausend Kapitalismus".
  4. ^ Pieter M. Judson (1996). Exclusive Revolutionaries: Liberal Politics, Social Experience, and National Identity in the Austrian Empire, 1848-1914. University of Michigan Press. p. 166. ISBN 9780472107407.
  5. ^ "Investor Jim Rogers awakened interest • Vienna Stock Exchange". Vienna Stock Exchange. Retrieved 10 April 2024.
  6. ^ "World Renowned International Financier Jim Rogers Is Honorary Chairman at FAB Universal's Digital Media Financial Summit". Business Wire. 28 May 2013. Retrieved 9 April 2024.
  7. ^ "Wiener Boerse agrees to buy Prague stock exchange". Reuters.
  8. ^ "Fact Sheet - Third Market (MTF) of the Wiener Börse" (PDF). wienerborse.at. p. 4. Archived (PDF) from the original on 6 May 2020.
  9. ^ "21Shares brings first crypto-currency products on Bitcoin and Ethereum to the official market". 1 September 2020. Archived from the original on 3 September 2020.
  10. ^ "Deutsche Börse Group - European exchanges collaborate for the provision of a consolidated tape in the European Union". Deutsche Börse. Retrieved 9 April 2024.

External links[edit]