The following is a reposted article from Emerging Europe.
The Sarajevo Stock Exchange (SASE) became an active member of the SEE Link network, enabling trading on the respective market. The SASE is the fourth stock exchange that has actively joined SEE Link after three founding stock exchanges and the seventh stock exchange in a row.
“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,” says Tarik Kurbegovic, CEO at the Sarajevo Stock Exchange.
“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,” he adds.
The SEE Link network was started by the Bulgarian, Croatian and Macedonian stock exchanges and supported by the European Bank for Reconstruction and Development (EBRD). Their goal was to create regional infrastructure for the trading of securities listed on those three markets.
The SEE Link order routing system became fully operational in March 2016. The two SEE Link indices — SEE LinX and SEE LinX EWI — were launched in April 2016 and revised in January 2017 to include companies from the Ljubljana and Belgrade Stock exchanges. Now, 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 — Zagreb, Ljubljana, Sofia, Skopje, Belgrade, banjo Luka and Sarajevo. Athens is also preparing to join the SEE Link.
“We are very happy to see new exchanges joining SEE LINK — it proves that regional platform is a good path to improve liquidity of all out markets. We see each additional exchange as value added to all exchanges and brokers that are already our members,” says Ivana Gazić, President of the Management Board at the Zagreb Stock Exchange.
With SASE’s accession, the SEE Link order-routing system now supports trading of a joint market with a combined capitalisation of more than US$ 52 billion and over 1,200 securities eligible for trading. A total of 32 investment companies (brokerage houses) are licensed to trade via SEE Link.
(Photo source: Sarajevo Stock Exchange)