Central European stock exchange Newex to debut on Nov. 3 with 100 stocks

The new stock exchange for Central European stocks, Newex, will begin trading on Nov. 3, with some 100 companies listed at the outset. Newex, which is a joint venture of the Deutsche Borse and Wiener Borse, will feature stocks primarily from such countries as Poland, Czech Republic, Hungary and Russia. Newex development director Paul Putz would not disclose any details of talks with potential issuers. The new exchange will be based in Vienna and subject to Austrian regulations. Its initial capital is to be euro 10 million. (Parkiet, page 1) T.J.