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In 2019, the Vienna Stock Exchange made its infrastructure available on four selected Austrian public holidays. This measure creates harmony with EU standards and strengthens the international positioning of the Austrian national stock exchange. On the additional trading days, market participants generated a total turnover of EUR 807 million: EUR 154 million on Ascension Day (30 May), EUR 212 million on Corpus Christi (20 June), EUR 249 million on Assumption Day (15 August) and EUR 193 million on All Saints' Day (1 November). On Austrian public holidays, trading was as strong as on any other trading day (average daily turnover in 2019: EUR 224 million).
"With the additional trading days, the Vienna Stock Exchange held EUR 807 million in turnover on the national stock exchange, which would otherwise have migrated to other trading venues. The alignment of our opening hours with European competitors is a logical consequence of our international positioning," says Christoph Boschan, CEO of Wiener Börse and its holding company.
The trading calendar of the Vienna Stock Exchange also schedules trading sessions on four public holidays next year: 6 January 2020 (Holy Three Kings), 21 May 2020 (Ascension Day), 11 June 2020 (Corpus Christi) and 8 December 2020 (Immaculate Conception).
Two decades of Internationalisation Bring Tripled Turnover and Modernisation
In November 1999, exactly two decades ago, Wiener Börse simplified the connection of new foreign market participants by using an international trading system. Turnover has tripled since then. Today, international trading houses account for 84% of turnover on the Austrian national stock exchange. The volume of data transactions has increased more than a hundredfold and the processing speed for price formation has increased by a factor of 500.
