Banja Luka Stock Exchange connected to SEE Link
After applying to join SEE Link last year, Banja Luka Stock Exchange (BLSE) became an active member of the SEE Link network enabling trading on the respective market.
This is the third stock exchange that has actively joined SEE Link after three founding stock exchanges and the sixth stock exchange in row.
SEE Link is a project started by the Bulgarian, Croatian and Macedonian stock exchanges with the aim of creating regional infrastructure for the trading of securities listed on those three markets. Formalising this cooperation, the three stock exchanges set up SEE Link as a joint company in May 2014, located in Skopje. The EBRD supported the initial phase of the SEE Link project with a €540,000 grant to introduce an electronic system for order-routing in July 2014. Funding for the project was provided by EBRD donors through the EBRD Shareholder Special Fund. In parallel, participating stock exchanges extended €80,000 to SEE Link.
SEE Link order routing system has become fully operational at the end of the March 2016. The two SEE Link indices ‒ SEE LinX and SEE LinX EWI ‒ were launched in the beginning of April 2016 and revised in January 2017 to include companies from the Ljubljana and Belgrade Stock exchanges. The indices are composed of the 16 most actively traded regional companies listed on five participating exchanges. With the new market accession, the indices revision is planned in the forthcoming period in order to provide more representative overview of the six markets.
Besides BLSE, two more stock exchanges are preparing for connecting to SEE Link: Athens and Sarajevo stock exchange.
With BLSE accession, SEE Link order-routing system now supports trading for total of six markets, with a combined equity market capitalisation of more than US$ 50 billion and over 900 securities eligible for trading.
A total of 32 investment companies (brokerage houses)
are licensed to trade via SEE Link. In addition, members of the Banja Luka Stock Exchange are currently in the process of obtaining membership for trading via SEE Link. The system aims to increase liquidity and improve access for investors and local brokers.