- 2019: Vienna Exchange enables trading on four Austrian public holidays
- Alignment with international standards
(Vienna) The Vienna Stock Exchange will make trading systems available on selected Austrian public holidays as of 2019. Regular trading will be enabled on Ascension Day (30 May 2019), Corpus Christi (20 June 2019), Assumption Day (15 August 2019) and All Saints Day (1 November 2019). The entire infrastructure – from clearing by Central Counterparty Austria GmbH (CCP.A) to settlement by OeKB CSD GmbH – will be available on those respective days.
"By taking these measures we are aiming to harmonise our trading set-up with EU standards. We will be offering our customers more service and more availability than ever before," explains Christoph Boschan, CEO of Wiener Börse and its holding company CEESEG. "85% of our trading volume comes from abroad. Demand for Austrian stocks continues unabated even on Austrian bank holidays – so our trading members shouldn’t have to make use of other trading venues on those days.”
The Vienna Stock Exchange closed 13 times last year due to a bank holiday. By comparison, member exchanges of the Federation of European Securities Exchanges (FESE) and US exchanges closed on four to nine days. The average daily turnover on the Vienna Stock Exchange in 2018 is around EUR 280 million.
Over the following years, the Vienna Stock Exchange will be open on the following bank holidays, unless these fall on a weekend:
- Epiphany
- Ascension Day
- Corpus Christi
- Assumption Day
- All Saints Day
- Immaculate Conception
The trading calendar of the Vienna Stock Exchange is published each autumn for the following year.
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.
Exclusion of Liability
This press release may contain certain forward-looking statements and forecasts that are based on assumptions current made at the time of publication of this press release. We do not assume any liability for these forward-looking statements materializing. Furthermore, we would like to explicitly point out that this press release cannot serve as a basis for investment decisions and may not be construed as a solicitation to buy or a recommendation to invest by Wiener Börse AG. No liability is assumed for the information given in this press release.
