Barclays Bank has joined the Vienna Stock Exchange today, bringing the number of members to 66, including 21 Austrian and 45 international banks and securities firms.
A Vienna Stock Exchange spokesperson told BEST EXECUTION: “From the Vienna Stock Exchange’s perspective, Barclays was definitely one of the worldwide relevant financial companies missing direct footprint. By becoming a trading member, Barclays will be able to offer its clients a wider range of services, such as faster throughput for latency-sensitive clients or more efficient Direct Market Access (DMA) services. The front-to-back concept provides direct trading members an opportunity to optimize and scale multiple functions along their value chain. Direct access is not only the fastest way of trading, cost wise it allows to offer the clients the cheapest way to trade. Ultimately, it enables Barclays and the Vienna Stock Exchange to generate additional liquidity for the marketplace.”
Raoul Salomon, co-head of markets, Barclays Europe, said: “Barclays serves clients with comprehensive and integrated solutions across global markets, and we are pleased to join the Vienna Stock Exchange today. Europe is central to our strategy and joining this exchange will offer our clients direct access to an important European market and help diversify portfolios.”
Barclays corporate and investment bank comprises investment banking, international corporate banking, global markets and research businesses.
International trading members generate over 85% of equity turnover in Vienna. A large part of the turnover originates from Germany (47.6%), France (20.7%) and Ireland (11.3%).
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