Vienna Stock Exchange (WBAG)
What Is the Vienna Stock Exchange (WBAG)?
The Vienna Stock Exchange is the sole securities exchange in Austria and works the market data hub for Central and Eastern European markets. Worked by the company Wiener B\u00f6rse AG, the name of the company that works the exchange. It views itself as a customer and market-situated company that assumes an essential part in Austria's capital market.
The Vienna Stock Exchange runs the securities exchange and the Energy Exchange Austria (EXAA), a Central European energy exchange likewise settled in Vienna.
Understanding the Vienna Stock Exchange (WBAG)
The Vienna Stock Exchange works the equity and bond markets in Austria, notwithstanding a market for trading in structured products. It offers types of assistance like index development and management, as well as financial market classes and training. The exchange's trading schedule and hours are Monday through Friday from 8:55 a.m. to 5:35 p.m.
As of June 2020, the Vienna Stock Exchange had a market capitalization of in excess of 90 billion euros, 85 trading individuals, 117 ETFs, and in excess of 140 indices.
The Vienna Stock exchange considers corporate social responsibility a key part of its business. It states that it has a CSR policy and adds to the naturally, socially, and economically sustainable development of Austria. The exchange has two strategic objectives. The first is to fortify the home market and advance investment culture in Austria.
The second is to proceed with its cooperation network in Central and Eastern Europe (CEE), which encourages international investors to check out at the neighborhood markets of Central and Eastern Europe. As per the stock change group, its five foundations are securities trading and listing, market data, index calculation, IT services, and Central Securities Depository.
History of the Vienna Stock Exchange
Established in 1771 by the sovereign Maria Theresa, the Vienna Stock Exchange is one of the most seasoned in the world. In its most memorable years, it was a marketplace for trading bonds, bills of exchange, and foreign currencies. Whenever that shares first were traded was in 1818, and the primary corporation to be listed on the exchange was the Austrian National Bank.
World War I saw the close of the Vienna Stock Exchange for the rest of 1919. After the war, the exchange encountered a strong recovery, which in this manner finished unexpectedly in March 1934. The global economic crisis and bank collapse impacted exchange trading during these years; be that as it may, it ought to be noticed the Stock Market Crash of 1929 in the United States didn't have a lot of impact.
In 1938, the incorporation of Austria into the Deutsche Reich made Wiener B\u00f6rse lose its independence. Limited stock market trading went on from that point until right before the finish of World War II.
After the war, the exchange opened back up in 1948. The stock market was not as robust, but rather the bond market recuperated in 1952. Bond market trading developed until a turnaround in 1985 when an American analyst caused to notice the capability of the Austrian capital market, which set off a stock boom.
Features
- Established in 1711, the Vienna Stock Exchange is the sole securities exchange in Austria, and one of the most seasoned in the world.
- The exchange's trading schedule and hours are Monday through Friday from 8:55 a.m. to 5:35 p.m.
- As of June 2020, the Vienna Stock Exchange had a market capitalization of in excess of 90 billion euros, 85 trading individuals, 117 ETFs, and in excess of 140 indices.
