| Willi Hemetsberger | ||||||
Irrespective of long-term prospects, the launch of the New Europe Exchange (Newex) in November is neatly illustrative of the three principal trends that now characterize the Austrian financial services sector and its capital markets. The first of these is that if Vienna is to play a meaningful role as a centre for equity trading, it will be unable to do so by focusing purely on Austrian equities.
Granted, there were a spate of new economy listings on the Vienna Exchange earlier this year when the Nasdaq Composite index was cruising towards (and through) 5000 and technology stocks could do no wrong.
Thanks for your interest in Euromoney!
To unlock this article:
