August 2 (SeeNews) - Bosnia's Banja Luka Stock Exchange (BLSE) has become an active member of the SEE Link network enabling trading of securities on the markets of Southeast Europe, SEE Link said on Wednesday.
BLSE is the third stock exchange, not including the three founding members, to actively join the regional trading platform after the Ljubljana Stock Exchange (LJSE) and Belgrade Stock Exchange became official members in December.
"We continue to actively work for integrating other markets. We also discuss effective solutions in the field of post-trade, in order to facilitate transactions between countries," Ivan Takev, CEO of the Bulgarian Stock Exchange, said in a statement.
With the accession of the new market, a revision of the SEE LinX and SEE LinX EWI indices is planned in the coming period.
SEE Link is a project launched by the Bulgarian, Croatian and Macedonian stock exchanges with the aim of creating a 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, based in Skopje.
Besides the bourse in Banja Luka, two more stock exchanges are preparing to connect to SEE Link - in Greece's Athens and Bosnia's Sarajevo.
SEE Link already provides access to five markets with a combined capitalization of over $50 billion (42.3 billion euro) and more than 959 stocks eligible for trading. A total of 32 brokerage houses are licensed to operate on the regional platform.
($= 0.8455 euro)