August 31 (SeeNews) - Bosnia's Sarajevo Stock Exchange (SASE) has become an active member of the SEE Link network enabling securities trading on the markets of Southeast Europe, SEE Link said on Thursday.
The SASE is the fourth stock exchange that has actively joined the SEE Link after three founding stock exchanges and the seventh stock exchange in a row.
"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 each of the participating exchanges keep its own identity and role in the local markets,” Tarik Kurbegovic, CEO of SASE, said in a statement.
SEE Link is a project launched by the stock exchanges of Bulgaria, Croatia and Macedonia 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.
Bosnia's other stock exchange, the Banja Luka Stock Exchange (BLSE), became an active member of the SEE Link network earlier this month.
The Athens Stock Exchange is also preparing to connect to to the SEE Link platform.
SEE Link provides access to seven markets with a combined capitalization of over $52 billion (42.3 billion euro) and more than 1,200 stocks eligible for trading. A total of 32 brokerage houses are licensed to operate on the regional platform.