The primary market saw a 22% Q-o-Q increase in issuance as autocallables and reverse convertibles continue to drive the market.

When the corona pandemic hit Europe, ATX, the Austrian benchmark index, and the Eurostoxx 50 index both plunged by over 40% in mid-March compared to their January levels. The crash put the Austrian financial market into panic mode, resulting in a record high volatility. The financial markets regulator reacted by banning short-selling and the local stock exchange issued an open letter addressing local and international investors to encourage a long-term perspective. Vienne exchange CEO Christoph

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