Sarajevo Stock Exchange connected to SEE Link

Sarajevo Stock Exchange connected to SEE Link

After applying to join SEE Link at the beginning of this year, Sarajevo Stock Exchange (SASE) became an active member of the SEE Link network enabling trading on the respective market.
This is the fourth stock exchange that has actively joined SEE Link after three founding stock exchanges and the seventh stock exchange in row.
Tarik Kurbegovic, Sarajevo Stock Exchange CEO, said:
“Today we are coming a step closer to the goal of creating a regional capital market in Sout-East Europe. With the connection of the Sarajevo Stock Exchange to SEE Link, we are showing our commitment to make our market more dynamic and more visible for international investors, at the same time providing to investors from our country the possibility to engage in the regional markets. We are excited to participate in SEE Link, as this is the first project which has all the benefits associated with creating an integrated market, while letting all of the participating Exchanges keep its own identity and role in the local markets.”

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 markets accession, the indices revision is planned in the forthcoming period in order to provide more representative overview of the seven markets.
 
Athens stock exchange is preparing for its connection to SEE Link platform .
With SASE accession, SEE Link order-routing system now supports trading for total of seven markets, with a combined equity market capitalisation of more than US$ 52 billion and over 1200 securities eligible for trading.A total of 32 investment companies (brokerage houses) are licensed to trade via SEE Link. In addition, members of the Sarajevo 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.

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