Trading volumes increased by 24% in October driven by bonus- and express certificates

Open interest for structured certificates sold to Austrian retail investors reached €15.3 billion (US$16.2 billion) in October – down €90.2m or 0.6% month-on-month (MoM), according to the latest figures released by the Austrian certificate association ( Zertifikate Forum Austria or ZFA). We firmly believe that a tax relief for pension products would lead to a significant increase in private pension provision and thus the state budget could be relieved in the long term - Frank W