Vienna Stock Exchange (Wiener Borse AG)
Vienna Stock Exchange (Wiener Borse AG) is one of the oldest in Europe, preserving rich traditions and accumulated centuries of experience.
A little history of the Vienna Stock Exchange
The year 1771 served as the starting point for one of the future leaders in securities trading in Central Europe. Vienna Stock Exchange was founded by order of the Empress of Austria, Maria Theresa, for the purpose of conducting operations with government bonds. Nowadays Wiener Borse AG - one of the largest and most important stock exchanges in the region, withstanding direct competition with the Warsaw Stock Exchange. To gain a dominant position in Central and Eastern Europe, the Austrian management pursues a policy of takeover and alliance with other exchange institutions in the vicinity. Thus, into the sphere of influence of Wiener Borse AG became the stock exchanges of Prague, Budapest, Ljubljana and Bratislava. Market capitalization Vienna Stock Exchange (the only one in Austria) for 2008 was estimated at 141.2 billion euros. 50% shares Wiener Borse AG are owned by the largest local banks.
In addition to the direct organization of securities trading, Vienna Stock Exchange is also successful in index management and information dissemination. Thanks to the cooperation with stock exchanges from Russia (MICEX), Ukraine (PFTS), Ukraine (KASE), as well as partners from China, Romania, Serbia, Croatia, Wiener Borse AG calculates trade indices of these countries, providing information about them among its 20 thousand portfolio investors. On top of everything else, the Austrians have recently focused on attracting investment from Eastern Europe, engaging in active self-promotion there. Wiener Borse AG has a number of successful IPO companies such as Raiffeisen International and Strabag SE.
Vienna Stock Exchange Index
The index of the Vienna Stock Exchange is WBI (Wiener Boers Index). The Austrian trading floor lists such well-known issuers as Deutsche Bank AG, J.P. Morgan Securities Ltd and Merrill Lynch International.