Wiener Börse
Encyclopedia
The Wiener Börse AG is the only stock exchange
in Vienna
, Austria
, and one of the most established exchanges in Eastern- and Southeastern Europe
.
in order to provide a market for state issued bond
s.
The crash on May 9, 1873, of the Vienna Stock Exchange - the so-called "Gründerkrach" or "founders’ crash" - was part of a worldwide downturn which, in the US, led to the September 1873 bankruptcy of the Philadelphia banking firm Jay Cooke
. The Panic of 1873
and Long Depression
followed.
Today, the Vienna Stock Exchange operates the only securities exchange in Austria as well as the Energy Exchange Austria, EXAA, and the CEGH Gas Exchange of the Vienna Stock Exchange. It provides state-of-the-art trading infrastructure (XETRA and EUREX), market data and information to ensure the smooth and efficient execution of stock exchange transactions and facilitate the interaction among all market participants.
The core business of the exchange is the operation of a cash market (equity market, bond market), a futures market as well as a market for trading in structured products. Additional services include data vending, index development and management and specialized financial market seminars and training courses.
The Austrian Traded Index
(ATX), the leading index of Wiener Börse, tracks the price trends of the blue chips on Wiener Börse in real time. The composition of the ATX is reviewed every year in March and September. The main criteria for inclusion or deletion are the capitalized free float and stock exchange trading volumes.
The Vienna Stock Exchange is the initiator and, just like the exchanges of Budapest, Ljubljana and Prague, a 100 % subsidiary of the CEE Stock Exchange Group
(CEESEG), the largest exchange group in Central and Eastern Europe.
Stock exchange
A stock exchange is an entity that provides services for stock brokers and traders to trade stocks, bonds, and other securities. Stock exchanges also provide facilities for issue and redemption of securities and other financial instruments, and capital events including the payment of income and...
in Vienna
Vienna
Vienna is the capital and largest city of the Republic of Austria and one of the nine states of Austria. Vienna is Austria's primary city, with a population of about 1.723 million , and is by far the largest city in Austria, as well as its cultural, economic, and political centre...
, Austria
Austria
Austria , officially the Republic of Austria , is a landlocked country of roughly 8.4 million people in Central Europe. It is bordered by the Czech Republic and Germany to the north, Slovakia and Hungary to the east, Slovenia and Italy to the south, and Switzerland and Liechtenstein to the...
, and one of the most established exchanges in Eastern- and Southeastern Europe
Europe
Europe is, by convention, one of the world's seven continents. Comprising the westernmost peninsula of Eurasia, Europe is generally 'divided' from Asia to its east by the watershed divides of the Ural and Caucasus Mountains, the Ural River, the Caspian and Black Seas, and the waterways connecting...
.
History
Wiener Börse is one of the world's oldest exchanges and was founded in 1771 during the reign of Empress Maria Theresa of AustriaMaria Theresa of Austria
Maria Theresa Walburga Amalia Christina was the only female ruler of the Habsburg dominions and the last of the House of Habsburg. She was the sovereign of Austria, Hungary, Croatia, Bohemia, Mantua, Milan, Lodomeria and Galicia, the Austrian Netherlands and Parma...
in order to provide a market for state issued bond
Bond (finance)
In finance, a bond is a debt security, in which the authorized issuer owes the holders a debt and, depending on the terms of the bond, is obliged to pay interest to use and/or to repay the principal at a later date, termed maturity...
s.
The crash on May 9, 1873, of the Vienna Stock Exchange - the so-called "Gründerkrach" or "founders’ crash" - was part of a worldwide downturn which, in the US, led to the September 1873 bankruptcy of the Philadelphia banking firm Jay Cooke
Jay Cooke
Jay Cooke was an American financier. Cooke and his firm Jay Cooke & Company were most notable for their role in financing the Union's war effort during the American Civil War...
. The Panic of 1873
Panic of 1873
The Panic of 1873 triggered a severe international economic depression in both Europe and the United States that lasted until 1879, and even longer in some countries. The depression was known as the Great Depression until the 1930s, but is now known as the Long Depression...
and Long Depression
Long Depression
The Long Depression was a worldwide economic crisis, felt most heavily in Europe and the United States, which had been experiencing strong economic growth fueled by the Second Industrial Revolution in the decade following the American Civil War. At the time, the episode was labeled the Great...
followed.
Today, the Vienna Stock Exchange operates the only securities exchange in Austria as well as the Energy Exchange Austria, EXAA, and the CEGH Gas Exchange of the Vienna Stock Exchange. It provides state-of-the-art trading infrastructure (XETRA and EUREX), market data and information to ensure the smooth and efficient execution of stock exchange transactions and facilitate the interaction among all market participants.
The core business of the exchange is the operation of a cash market (equity market, bond market), a futures market as well as a market for trading in structured products. Additional services include data vending, index development and management and specialized financial market seminars and training courses.
The Austrian Traded Index
Austrian Traded Index
The Austrian Traded Index is the most important stock market index of the Wiener Börse and the largest trading place in the Austrian economy...
(ATX), the leading index of Wiener Börse, tracks the price trends of the blue chips on Wiener Börse in real time. The composition of the ATX is reviewed every year in March and September. The main criteria for inclusion or deletion are the capitalized free float and stock exchange trading volumes.
The Vienna Stock Exchange is the initiator and, just like the exchanges of Budapest, Ljubljana and Prague, a 100 % subsidiary of the CEE Stock Exchange Group
CEE Stock Exchange Group
The CEE Stock Exchange Group is a holding company comprising the stock exchanges of Vienna, Budapest, Ljubljana and Prague. The abbreviation CEE stands for Central and Eastern Europe...
(CEESEG), the largest exchange group in Central and Eastern Europe.