Belgrade, Ljubljana stock exchanges join regional SEE Link platform

Belgrade, Ljubljana stock exchanges join regional SEE Link platform
By bne IntelliNews February 22, 2016

The Belgrade and Ljubljana stock exchanges have confirmed their intention to join SEE Link, a regional platform for trading securities listed on the Bulgarian, Croatian and Macedonian bourses, supported by the European Bank for Reconstruction and Development (EBRD). The agreement was signed at the Western Balkans Investment Summit in London, a high-level event hosted by the EBRD on February 22.

SEE Link is a project started by the Bulgarian, Macedonian and Croatian stock exchanges with the objective of creating a regional infrastructure for the trading of securities listed on the three markets. The idea behind this cross border initiative is to integrate regional equities markets without a merger or corporate integration, using technology that will enable participating stock exchanges to remain independent while still giving investors easier and more efficient access to those markets through a local broker.

The three exchanges founded the SEE Link company in May 2014. The joint stock company is seated in Macedonia, with three exchanges holding an equal share in its ownership.

An EBRD press release says that the expansion of the project will help integrate regional equity markets to provide more efficient access for investors and local brokers while at the same time allowing participating stock exchanges to remain independent.

http://www.ebrd.com/news/2016/serbia-and-slovenia-join-ebrdsupported-see-link.html

“After Belgrade and Ljubljana we look forward to welcoming more new participants in the future,” said EBRD president Suma Chakrabarti.

“We are very pleased that Belgrade and Ljubljana Stock Exchanges will be joining the project. This will certainly contribute to the attractiveness of this platform, the first in Europe that helps connect markets to investors in an innovative way,” said Ivana Gazic, president of the Zagreb Stock Exchange management board.

Ivan Steriev, CEO of the Macedonian Stock Exchange, added: “For many years, establishing a regional network of stock exchanges was one of our priorities. Thanks to the EBRD’s support this goal has now been achieved and we believe in the success of the platform.”

“Preliminary interest expressed by investors is very encouraging and we believe it will eventually increase,” said Ivan Takev, CEO of the Bulgarian Stock Exchange.

According to the EBRD press release, the platform will become fully operational at the end of March.

The EBRD supported the project with a €540,000 grant to establish an electronic system for order-routing. In parallel, participating stock exchanges extended €80,000 in capital. Funding for SEE Link was provided by EBRD donors through the EBRD Shareholders Special Fund, according to the SEE Link website.The next step in the project is to create a technical solution for order-routing, which is planned to be realized in 2016.

Related Articles

RBI doubles net profit y/y in Q1 as Russian business recovers

Raiffeisen Bank International (RBI), the second largest bank operating across Central and Eastern Europe by assets, reported that net profit almost doubled year-on-year to €220mn in the first ... more

China's Hesteel Group to boost investments in Serbia’s Smederevo steel mill

Representatives of China's Hesteel Group, which acquired Serbia’s only steel mill Zelezara Smederevo in July 2016, plan to invest ... more

French court refuses to extradite ex-Kosovo PM Haradinaj to Serbia

The Court of Appeals in the French town of Colmar decided on April 27 not to extradite Kosovo’s former Prime Minister Ramush Haradinaj to Serbia.  The decision was celebrated in Kosovo and ... more

Register here to continue reading this article and 2 more for free or purchase 12 months full website access including the bne Magazine for just $119/year.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

To continue viewing our content you need to complete the registration process.

Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

If you have any questions please contact us at sales@intellinews.com

Subscribe to bne IntelliNews website and magazine

Subscribe to bne IntelliNews website and monthly magazine, the leading source of business, economic and financial news and commentary in emerging markets.

Your subscription includes:
  • Full access to the bne content daily news and features on the website
  • Newsletters direct to your mailbox
  • Print and digital subscription to the monthly bne magazine
  • Digital subscription to the weekly bne newspaper

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

bne IntelliNews
$119 per year

All prices are in US dollars net of applicable taxes.

If you have any questions please contact us at sales@intellinews.com

Register for free to read bne IntelliNews Magazine. You'll receive a free digital subscription.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

IntelliNews Pro offers daily news updates delivered to your inbox and in-depth data reports.
Get the emerging markets newswire that financial professionals trust.

"No day starts for my team without IntelliNews Pro" — UBS

Thank-you for requesting an IntelliNews Pro trial. Our team will be in contact with you shortly.

Dismiss