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In June 2017, the Vienna Stock Exchange launched the segment global market. Since then, it has massively enlarged the range of offers for domestic investors and continuously added new international stocks. Today, an additional 137 blue chips from countries like France, Spain, Italy and the Netherlands have been added to the price list, which already includes more than 130 US stocks and 160 German stocks. The Italian tire manufacturer Pirelli returned to the Milan stock exchange today as well. The global market of the Vienna Stock Exchange makes the largest initial public offering in Europe of this year immediately tradable for domestic investors at local fees.
"As the only stock exchange in Austria, we want to offer our investors the best possible options. Regardless of whether they want to trade domestic or international stocks. Our goal is to become the central marketplace for Austrian investors," explained Christoph Boschan, CEO of Wiener Börse AG. "The door to international stock trading is wide open in Vienna – and investors can avoid the usually expensive foreign fees of international stock trading by using their home exchange."
The global market segment currently trades companies like Danone, L'Oreal, LVMH, Peugot, Renault, Moncler, Davide Campari and Heineken. The new 137 European blue chips are supported by firm Lang & Schwarz who acts as market maker. The global market segment thus now has two market makers (Baader Bank and Lang & Schwarz). They ensure attractive prices in continuous trading from 9.00 a.m. to 5.30 p.m. Narrow spreads with high volumes make it possible for private investors to immediately execute trades at prices analogous to those of the reference markets.
