Latest News

Vienna Stock Exchange introduces new subscription service for private investors

By Dalvinder Kular

Wiener Börse, the Vienna Stock Exchange, has launched a new subscription service for private investors.

The subscription service, called FirstPlace, enables private investors to directly buy securities when they are issued in the future.

Through the service, customers can buy new stocks in new listings using their online banking details through banks participating in the scheme.

The move comes as Wiener Börse predicts that initial public offerings (IPOs) are set to rise this year.

The stock exchange also announced that earnings in 2022 reached €87 billion, an increase of 2.4 per cent on last year’s results, attributing the results to higher turnover of stocks.

Commenting on the news Heimo Scheuch, chairman of the supervisory board of Wiener Börse, said: “Austrians have recognised the opportunities of the stock market and are focusing more on private investments: Every fourth person holds securities."

Earlier this year Wiener Börse implemented a new system which allows users to access market data four times faster. The technology distributes data in real time from 11 markets with around 16,000 users in around 60 countries.

    Share Story:

Recent Stories

Firms who ignore Consumer Duty will face ‘swift action’, warns FCA

Vienna Stock Exchange introduces new subscription service for private investors

Former Coinbase product manager handed 2 year prison sentence in insider trading case


Data trust in the AI era: Building customer confidence through responsible banking
In the second episode of FStech’s three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech examines the critical relationship between data trust, transparency, and responsible AI implementation in financial services.

BANNER

BANNER

Banking's GenAI evolution: Beyond the hype, building the future
In the first episode of a three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech explores how financial institutions can navigate the transformative potential of Generative AI while building lasting foundations for innovation.

Beyond compliance: Transforming document management into a strategic advantage for financial institutions
In this exclusive fireside chat, John Rockliffe, Pre-Sales Manager at d.velop, discusses the findings of Adapting to a Digital-Native World: Financial Services Document Management Beyond 2025 and explores how FSIs can turn document workflows into a competitive advantage.

Sanctions evasion in an era of conflict: Optimising KYC and monitoring to tackle crime
The ongoing war in Ukraine and resulting sanctions on Russia, and the continuing geopolitical tensions have resulted in an unprecedented increase in parties added to sanctions lists.

© 2019 Perspective Publishing     Privacy & Cookies