The state-of-the-art subscription tool FirstPlace of the Vienna Stock Exchange facilitates subscription management for syndicate banks. The trading member enables easy subscription for retail and semi-institutional investors for new issues of listed as well as (not yet) listed companies via the existing connection to the trading system. Intermediaries can forward buy orders via a trading member connected to the Vienna Stock Exchange. Manual processing during subscription settlement is significantly reduced.
Advantages for trading members
- Subscription processing of new securities via existing trading system connection
- Special Xetra T7® market model enables full control of the order book for order book managers
- Fully automated generation and transmission of trade confirmations
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