The Belgrade Stock Exchange became the fourth active member of southeast European securities trading platform SEE Link on Monday, SEE Link announced.
The operational connectivity to SEE Link is important for the future prospects before the Belgrade Stock Exchange, which aims to transform the local and regional capital markets into acomplementary model for financing and development of the private sector, SEE Link quoted the executive director of the Belgrade bourse, Sinisa Krneta, as saying in a statement.
The Bulgarian, Macedonian and Croatian stock exchanges set upSEE Linkas a joint company based in Skopje in May 2014. The three founding bourses, which hold equal interest inSEE Link, contributed 80,000 euroeach in capital.The European Bank for Reconstruction and Development (EBRD) supported the initial phase of theSEE Linkproject with a 540,000 euro ($574,478)grant.
This is another stage in the development of SEE Link, as the Belgrade stock exchange is practically the first active member to join the trading platform after the three founding bourses,Bulgarian Stock Exchange CEO, Ivan Takev, said in the statement.
The efforts of SEE Link will be focused on the incorporation of the other stock markets that have applied for membership and the development of effective solutions in the area of post-trading to simplify trading among different countries as much as possible, Takev added.
The Belgrade Stock Exchange applied for becoming a member of SEE Link in February, while Ljubljana bourse is expected to join the trading platform in the short term. The stock exchanges in Athens, Banja Luka and Montenegrohave also applied to join SEE Link.
(seenews.com, December 5, 2016)
