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Western EuropeJune 30 2008

Minnow rides a wave

Vienna Stock Exchange’s strategy is raising its profile internationally as it develops indices and a data distribution network, Geraldine Lambe reports.
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If Austria’s companies have made the most of the growth opportunities presented during the past decade or so, then one of the clearest measures of that is in the performance of the Vienna Stock Exchange (VSE).

Although the VSE is still a relative minnow by global standards, it has charted an impressive performance in the past five years, increasing its total market capitalisation by 235% and rising by more than 270% in its key index, the ATX. Turnover of domestic shares has rocketed by 770%.

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