Vienna in high frequency push

THE Vienna Stock Exchange is looking to boost lagging volumes by attracting high-frequency trading firms alongside its traditional bank and broker members, joint-chief executive Michael Buhl said yesterday.

The Vienna bourse saw average monthly equity turnover of around €5.4bn (£4.74bn) in the first six months of this year, well below pre-crisis levels and last year’s monthly averages of around €6bn. “We are looking now at maybe also attracting a new member category of high-frequency traders because they are not active on the Austrian market at all,” Buhl said.