For the third time this year, Vienna Stock Exchange is expanding its international offering in the global market. Starting today, almost 30 new companies will be added, including the software company "Slack Technologies", which made its debut on the New York Stock Exchange on June 20. Also new: the biopharmaceutical company "Bristol-Myers Squibb Co", the coffee shop operator in China "Luckin Coffee Inc.", the financial service provider "S&P Global Inc.", the financial broker "Charles Schwab Corp" and the transport company "Union Pacific Corp". On 28 June is the first trading day of the Volkswagen Spin-Off Traton at the Frankfurt Stock Exchange. The company will be tradable in Vienna immediately after its IPO in Frankfurt. In total, the offering on the global market thus consists of almost 660 securities from 26 countries. The second largest segment of the Vienna Stock Exchange so far generated an average monthly turnover of EUR 210 million in 2019.
"We have hit the the bull’s eye with our global market. Domestic investors appreciate the potpourri of companies that we can offer today," says Christoph Boschan, CEO of Vienna Stock Exchange. "Diversification is important for a portfolio - putting all your eggs in one basket can be risky. The possibility of investing in different sectors, but also the diversification across several countries or continents can have a positive effect."
In the global market segment, three market makers (Baader Bank, Lang & Schwarz and Raiffeisen Centrobank) provide additional liquidity. With attractive prices, they create the opportunity for continuous trading between 9:00 and 17:30 hours. Narrow spreads with high volumes enable private investors to execute immediately and more cheaply than abroad.
