Wiener Borse AG - Vienna Stock Exchange

What Wiener Borse AG - Vienna Stock Exchange does

Wiener Börse AG operates Austria's only regulated securities exchange, founded in 1771, making it one of the longest continuously operating exchanges in the world. The company runs multiple trading venues — Amtlicher Handel (Official Market), Vienna MTF (multilateral trading facility), Direct Market Plus (SMEs), and a structured products segment — all powered by Deutsche Börse's Xetra electronic trading system. Its product portfolio extends beyond trading to include over 130 benchmark indices (notably the ATX, VÖNIX sustainability index, and CEE/CIS indices), market data distribution through Wiener Börse Live, index licensing for ETFs and structured products, MiFID II APA reporting services, and IPO preparation programs (IPO-Readiness-Bootcamps with EY). The group holds a 99.54% stake in the Prague Stock Exchange, giving it effective control of the Czech national securities market as well as CSD Prague and PXE (Power Exchange Central Europe).

Revenue is generated through four primary streams: transaction fees on securities trading (facilitated by EUR 74 billion in 2024 equity turnover), recurring listing and admission fees (the exchange lists approximately 31,500 primary bonds, making it Europe's most active bond listing venue), subscription-based market data sales, and licensing royalties on ATX, VÖNIX, and 130+ other indices. Go-to-market is structured as regulated B2B infrastructure: trading members (banks and brokers) connect to Xetra to execute trades on behalf of institutional and retail investors, issuers enter into listing agreements for capital raising, and data customers subscribe via direct feeds or Wiener Börse Live. Distribution extends internationally through the Prague Stock Exchange, stakes in energy market platforms (EXAA electricity exchange, 20% in CEGH gas hub, APCS power clearing, CISMO), and the 16-exchange EuroCTP consolidated tape joint venture selected by ESMA.

Name

Wiener Borse AG - Vienna Stock Exchange

Legal name

Wiener Börse AG

Website

https://wienerborse.at

Company type

Public

Founded year

1771

Operating status

Operating

Headcount range

101–250 employees

Short description

Wiener Börse AG operates Austria's only regulated securities exchange (founded 1771), running Xetra-based trading venues, a 31,500-bond listing franchise, and 130+ benchmark indices including the ATX, while controlling 99.54% of the Prague Stock Exchange and holding energy-market infrastructure stakes.

Ownership category

akta.pro rank

Product category

Securities Exchange / Capital Market Infrastructure

NAICS

Securities and Commodity Exchanges (523210), Securities and Commodity Exchanges (5232)

SIC

Security Brokers, Dealers & Flotation Companies (6211), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Multi-Asset Auction & Periodic Matching Platforms (FSAFAEAK)

akta.pro secondary industries

Congestion Revenue Rights (CRR) Trading (EUAGALAB), Derivatives Regulatory Reporting & Compliance (EMIR/Dodd-Frank/MiFID) (FSACADAO)

Keywords

• Securities exchange operations
• Capital market infrastructure
• Market data services
• Index licensing
• IPO listing services

Headquarters

HQ city

Vienna

HQ country

Austria

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales, Others

Revenue model

1. Trading Fees: Transaction fees charged to trading members for securities trades executed on the exchange. Equity turnover of EUR 74 billion in 2024 generated significant trading fee revenue. The exchange operates continuous trading with Xetra system.
2. Listing Fees: Fees charged to companies for listing securities on the exchange. The exchange reported record revenues of EUR 81.8 million in 2024. Bond listings are a significant revenue driver with approximately 31,500 primary listings, making it Europe's most active bond listing venue.
3. Market Data Sales: Sale of real-time and delayed market data, index values, and price information to professional and retail users. Data is sold through Wiener Börse Live product and feeds. Website provider is FactSet Digital Solutions GmbH.
4. Index Licensing: Licensing of the ATX index and over 130 other indices to product providers for ETFs, futures, and structured products. The exchange calculates and publishes the VÖNIX sustainability index (launched 2005).
5. Wiener Börse Live Subscriptions: Subscription product for private and professional users providing real-time market data. Pricing tiers exist for different user categories.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels10 records

Core offering

Wiener Börse AG operates Austria's only regulated securities exchange, providing electronic order matching via the Xetra trading system across multiple market segments (Amtlicher Handel, Vienna MTF, and direct market plus for SMEs). The exchange generates revenue from listing fees, transaction-based trading fees charged to member banks and brokers, subscription fees for real-time market data (Wiener Börse Live), and licensing royalties on its portfolio of more than 130 benchmark indices including the ATX and VÖNIX sustainability index.

Product overview

Wiener Börse AG operates as Austria's central capital market infrastructure providing a comprehensive exchange ecosystem. The core offering consists of multiple trading venues (Amtlicher Handel, Vienna MTF, direct market plus) powered by the Xetra electronic trading system, alongside a portfolio of over 130 benchmark indices including ATX, VÖNIX sustainability index, and CEE regional indices. Market Data Sales distributes real-time and delayed pricing data through Wiener Börse Live and professional data feeds. The exchange provides regulatory services (APA Reporting Service/MiFID II), IPO preparation programs (Börsengang), and investor education (Wiener Börse Akademie). Post-trade operations are supported through CCPA clearing services and OeKB settlement infrastructure.

Differentiator

Problem solved

Functional benefit

Products and services

• Xetra Trading System Electronic trading platform operated by Wiener Börse AG based on Deutsche Börse's Xetra technology, providing order-driven trading with high liquidity and transparency. Connects domestic and international trading members for securities execution across Austrian and CEE markets with real-time order matching, market surveillance, and clearing integration via CCPA.
• Amtlicher Handel (Official Trading) Regulated market segment of the Vienna Stock Exchange for equities, bonds, and structured products with full EU regulatory compliance, including Market Abuse Regulation (MAR) requirements. Used by domestic and international issuers for primary and secondary market activity.
• Vienna MTF (Multilateral Trading Facility) Multilateral trading venue operated by Wiener Börse AG for debt securities and structured products, with approximately 31,500 primary bond listings making it Europe's most active bond listing venue. Hosts international issuers including Chinese and European companies seeking European market access.
• direct market plus SME-focused market segment of Wiener Börse offering simplified listing requirements, with registration as EU-KMU Growth Market planned. Provides easier capital market access for small and medium-sized enterprises in Austria and Europe.
• Wiener Börse Live Real-time and delayed market data subscription service providing price information for securities traded on the Vienna Stock Exchange, including stocks, indices, bonds, ETFs, warrants, certificates, and commodities. Available with tiered pricing for private and professional users.
• Market Data Sales Professional market data distribution services including data feeds, vendor connections, and real-time consolidated tape services for institutional clients. Includes partnership products with partner exchanges and feeds sold through the Market Data Sales department.
• ATX Index (Austrian Traded Index) Benchmark index of the Vienna Stock Exchange comprising the 20 largest Austrian stocks, surpassing 10,000 points in March 2025. Licensed to product providers for ETFs, futures, and structured products and used as the primary reference for Austrian equities.
• CEE Indices (Central and Eastern Europe) Index family covering Central and Eastern European markets including new indices on AI infrastructure, defence, and Ukraine reconstruction sectors, with company participation from Austria, Poland, Czech Republic, and other regional firms. Licensed to product providers for investment products and benchmarking.
• VÖNIX Sustainability Index One of the first national sustainability indices, launched in 2005, tracking Austrian companies with strong ESG performance. Licensed to product providers for sustainable investment products and ETFs.
• APA Reporting Service (TTR II) Publication arrangement service for regulatory transaction reporting under MiFID II, enabling market participants to fulfill their transaction reporting obligations. Offered by Wiener Börse AG's technology systems group.
• IPO Services & Börsengang Comprehensive IPO preparation and listing services for companies considering going public, including the IPO-Readiness-Bootcamp co-hosted with EY, workshops, listing partner network, capital market coaches, IPO Spotlight interviews, and IPO Success Stories showcase.
• Wiener Börse Akademie Educational programs and seminars for beginners and professionals covering investing, financial instruments, and capital market knowledge. Part of the Wiener Börse AG Wissen (knowledge) offering.
• Clearing & Settlement Infrastructure

Quantifiable outcome

• ATX index surpassed 10,000-point mark in March 2025, achieving new record
• +4 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Twelve partnerships are on record, tiered minor, flagship and core.

• LinklatersminorImplementation/ SI/ Consulting Partner · 2 February 2026International law firm that advised bookrunners on CMOC Group Ltd.'s issuance of US$1.2 billion convertible bonds listed on Vienna MTF. The transaction represents the largest one-year tenor convertible bond by a Chinese miner in recent years.
• Wiener PrivatbankminorChannel Partner/ Reseller/ Distributor · 16 December 2025Backed the listing of Gallmetzer HealthCare S.p.A. on Vienna's Direct Market Plus segment. Provided banking and listing support for Italy's second-largest dental care group's expansion across Europe.
• Rosinger GroupminorChannel Partner/ Reseller/ Distributor · 16 December 2025Backed the listing of Gallmetzer HealthCare S.p.A. on Vienna's Direct Market Plus segment as part of the listing support team.
• ICF BankminorChannel Partner/ Reseller/ Distributor · 16 December 2025Participated in backing the listing of Gallmetzer HealthCare S.p.A. on Vienna's Direct Market Plus segment.
• EuroCTP B.V.flagshipStrategic or Co-development Partner · 23 August 2023Joint venture of sixteen European stock exchange operators established August 23, 2023. Selected by ESMA as provider of the first real-time consolidated tape for equities and ETFs in the European Union. Committed to enhancing market transparency and ensuring broad access to consolidated market data.
• Prague Stock Exchange (Burza cenných papírů Praha)flagshipStrategic or Co-development PartnerWiener Börse AG holds a 99.54% stake in the Prague Stock Exchange. Founded in 1871, it organizes the Czech national securities market. The Prague Stock Exchange in turn holds participations in CSD Prague (Central Securities Depository) and PXE (Power Exchange Central Europe).
• CCPA Central Counterparty Austria GmbHcoreStrategic or Co-development PartnerCentral counterparty for clearing and risk management of all trades on the Vienna Stock Exchange. Founded in 2005 by Oesterreichische Kontrollbank AG (OeKB) and Wiener Börse AG. Assumes counterparty and default risk for clearing and settlement of securities transactions.
• EXAA Energy Exchange AustriacoreStrategic or Co-development PartnerAustrian electricity exchange jointly established by Wiener Börse AG with a syndicate of electricity producers and trading firms. Operates in Austrian APG control area and four German control areas. Clears green electricity trading since December 2012. Named 'Nominated Electricity Market Operator' (NEMO) for Austrian market.
• CEGH Central European Gas Hub AGcoreStrategic or Co-development PartnerOne of the most important natural gas trading platforms in Central Europe. Wiener Börse AG holds 20% stake, with OMV Gas & Power (65%) and Slovakian Eustream (15%) as other shareholders. Provides international gas companies with a trading platform and operates the Virtual Trading Point in Austria.
• APCS Power Clearing and Settlement AGminorStrategic or Co-development PartnerRuns clearing and settlement within the Verbund APG control zone as balance group coordinator. Manages balance groups organization and settlement, calculates and allocates imbalance energy.
• CISMO Clearing Integrated Services and Market Operations GmbHminorStrategic or Co-development PartnerService provider for companies active in deregulated European energy and emissions markets. Provides IT services including clearing, auction, registration, cash settlement and risk management systems. Customers include AGCS, A&B, OeMAG, EXAA, and RIECADO.
• EY (Ernst & Young)coreImplementation/ SI/ Consulting PartnerCo-hosts IPO-Readiness-Bootcamp events with Wiener Börse for companies considering listing. Martin Steinbach, Head of IPO and Listing Services at EY Germany, is featured in IPO Spotlight series discussing IPO readiness.

Scale indicators8 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Euronext N.V. Pan-European exchange operator running regulated markets in Amsterdam, Paris, Brussels, Dublin, Lisbon, Milan, and Oslo. Direct peer as a multi-jurisdiction exchange group with comparable equity, bond, and index offerings.
• SIX Swiss Exchange: Operates the Swiss stock exchange and runs the STOXX index family (now part of STOXX Ltd). Comparable as a mid-sized European exchange operator with strong index/data and post-trade services.
• Deutsche Börse AG: Operates the Frankfurt Stock Exchange and is the parent of the Xetra trading system used by Vienna. Directly comparable as a multi-asset exchange operator with index (DAX), clearing, and market-data services across Europe.
• GPW (Warsaw Stock Exchange): Polish national exchange operating the WIG indices and serving as the primary CEE equity market. Comparable as a CEE-focused exchange with bond and equity listings; competes with Vienna for regional issuers.

Emerging players

• Cboe Europe: Pan-European lit and dark trading venue. Comparable as a competitor for equity trading flow on Austrian and CEE listed names.
• Boerse Stuttgart: German exchange specializing in retail-investor-focused trading of stocks, bonds, and structured products. Comparable as a mid-sized European competitor in bond and structured product listings.

Regional players

• Athens Stock Exchange (ATHEX): Greek national exchange operating ATHEX indices and listings. Comparable as a Southern European mid-sized national exchange with similar equity and bond market infrastructure.
• Bulgarian Stock Exchange – Sofia: Operates the Bulgarian capital market as a smaller CEE national exchange. Comparable as a regional peer serving domestic issuers that may also be candidates for Vienna listings.

Broad incumbents

• Nasdaq, Inc. Operates the Nasdaq US exchanges and Nasdaq Nordic (Copenhagen, Helsinki, Iceland, Stockholm). Direct overlap in Nordic/Baltic equity markets and a larger incumbent in exchange technology and index services.
• London Stock Exchange Group (LSEG): Operator of the London Stock Exchange and global index giant (FTSE Russell). A larger incumbent offering overlapping equity listing, trading, and index licensing services across multiple asset classes.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCXqq_RYN8oNMEs1fUNefV-Q
• LinkedInlinkedin.com/company-beta/71651
• Instagraminstagram.com/wienerboerse
• TikToktiktok.com/@wienerboerse
• Xx.com/wiener_borse

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Wiener Borse AG - Vienna Stock Exchange