December 11 (SeeNews) - The Ljubljana Stock Exchange, in a joint effort with the Zagreb Stock Exchange, has unveiled a new trading platform intended for small and medium-sized enterprises.
The Progress platform is a multilateral trading facility (MTF) for securities of small and medium-sized enterprises and will act as a segment of the existing multilateral trading system Si Enter, the Ljubljana Stock Exchange said in a statement on Friday.
"Progress enables issuers – small and medium-sized enterprises fast and easy access to new sources of financing either through issuing equity or debt capital, and by regulating the trading system for investors and a transparent way of informing about all managerial and corporate events of the issuers," the bourse explained.
The Progress Market is an alternative market managed by the exchange and is characterised by is a lower transparency requirement for issuers compared to the regulated market .