Listing Boom on the Vienna Stock Exchange
Listing Boom on the Vienna Stock Exchange: Over 3,000 new structured products since start of the year
Since the start of the year, over 3,000 new structured products have been listed in Vienna Stock Exchange’s market segment “structured products.at”. Most of the new securities added to trading were issued by Raiffeisen Centrobank AG and around 100 by Erste Group Bank AG. A wide range of products – which include turbo certificates, (plain vanilla) warrants, discount and bonus certificates – are available for continuous trading. The debt securities issued by banks offer private investors opportunities to earn returns in any market situation and options for investing regardless of their risk profile.
“Certificates are the international trend right now and are also gaining ground in Austria. On the Vienna Stock Exchange, they are traded in a tailor-made market segment. This way, we are opening markets to private investors that would otherwise be hard for them to access,” said Christoph Boschan, CEO of the Vienna Stock Exchange. “The boom in certificates shows that we are right on target in meeting demand from investors and issuers. The latest additions to our quotation list are a great start into the new year.”
“In the current low interest environment investors are on the search for alternatives. The many different features and good earnings potential make certificates an attractive alternative for all market situations and investment horizons. They also satisfy the different risk appetite profiles and serve well as an admix to portfolios. Therefore, the latest additions to the Vienna Stock Exchange enlarge our product range and satisfy the recent surge in demand from Austrian investors,” explained Heike Arbter, Managing Director at Raiffeisen Centrobank AG responsible for structured products.
With a total of 10,000 tradable structured products, including some 6,000 certificates and around 4,000 warrants of three issuers (Raiffeisen Centrobank AG, Erste Group Bank AG, UBS AG), the Vienna Stock Exchange has a solid standing as a secondary market. Exchange trading offers investors a number of advantages: high degree of flexibility due to the possibility of being able to buy and sell at all times, execution of exchange transactions within seconds at the quotes displayed, highest level of transparency regarding price discovery, and utmost security in clearing and settlement. The issuers of the products make liquidity available at all times in the “continuous auction” trading model to ensure constant trading. The structured products are based on 372 underlying assets. The range of underlyings includes shares – ranging from Andritz to Zumtobel, and Apple to Zalando – as well as indices such as the ATX, commodities or currencies.
Source: wiener borse
