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Bulgarian bourse gets nod for trading in govt securities on regulated market

Bulgarian bourse gets nod for trading in govt securities on regulated market Oleksiy Mark/Shutterstock.com

SOFIA (Bulgarian), July 17 (SeeNews) - The Bulgarian Stock Exchange (BSE) said on Monday it has received approval from the country's financial regulator for the rules of regulated trading in government securities on the bourse.

"This is an important step in the joint efforts of the stock exchange, the Central Depository, the Ministry of Finance and the Bulgarian National Bank (BNB) towards setting up a regulated secondary market for domestic government debt on the BSE," the Sofia bourse said in a statement.

By adding government debt paper to the financial instruments traded on the exchange will make the exchange more attractive to investors, Vasil Golemanski, CEO of BSE, said in the statement.

A functioning link between the BSE and BNB is expected to be in place by end-September to enable trading in government securities on the regulated market, according to the statement.

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