Marketplace & Products

Since the amendment to the Stock Exchange Act, Federal Law Gazette I No. 60 of 31 July 2007, which entered into force on 1 November 2007, a differentiation has been made between the operation of regulated markets and the operation of Multilateral Trading Systems (MTF).

The markets operated by Wiener Börse AG, Official Market and Second Regulated Market, are regulated markets in the meaning of Article 1 par. 2 Stock Exchange Act. The Third Market is a Multilateral Trading System (MTF). Trading in financial instruments on the Third Market does not take place according to any formal admission procedures to exchange trading. The requirements of the Stock Exchange Act refer to financial instruments admitted to trading on a regulated market, and in particular, the obligations imposed on issuers, shall not apply to financial instruments traded on the Third Market its function as an MTF.

Furthermore the commodities exchange are operated by Wiener Börse AG.

A regulated market is multilateral system operated or managed in a member state by a domestic exchange operating company or a market provider, which brings together or facilitates the matching of multiple third-party buy and sell interests in financial instruments within the system in accordance with non-discretionary rules in such a way that results in a contract in those financial instruments admitted to trading under the rules and systems of the market.

Regulated markets in Austria are specifically the Official Market and the Second Regulated Market in the meaning of the Stock Exchange Act. The operation of regulated markets in Austria shall require a license issued by the FMA in accordance with the Stock Exchange Act.

The operation of an MTF is an investment service that requires a license issued by the Financial Market Authority and is subject to the regulations of the Securities Supervision Act. In contrast, the operator of a regulated market is authorized to operate an MTF under on a separate permit issued by the Financial Market Authority to this effect (cf. Art. 2 par. 2a Stock Exchange Act).

Wiener Börse AG offers two main product groups in addition to trading in financial instruments:

• Indices
  Wiener Börse calculates and published many indices, in particular, for the region of Central, Eastern and Southeast Europe. These indices have been designed as capitalization-weighted and free float-weighted indices, and serve as benchmarks and underlying for derivative instruments and structured products.
• Information Products
  Market data are essential for any investment decision. Wiener Börse AG supplies professional data in real time, as delayed data and end-of-day data (batch files). Historical data completes the range of offerings.