GREECE: Athens Stock Exchange has Applied to Join the SEE Link

Thursday April 28 2016

On 27^th April 2016, the Athens Stock Exchange applied to join the SEE Link. After Belgrade, Ljubljana and Banja Luka stock exchanges, this is the fourth stock exchange which has applied for membership in the SEE Link. Including three founding stock exchanges, the SEE Link has now expanded to a total of 7 markets.

SEE Link is a project started by the Bulgarian, Croatian and Macedonian stock exchanges with the aim of creating 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, located in Skopje. The European Bank for Reconstruction and Development (EBRD) supported the initial phase of the SEE Link project with a €540,000 grant to introduce an electronic system for order-routing in July 2014. Funding for the project was provided by EBRD donors through the EBRD Shareholder Special Fund. In parallel, participating stock exchanges extended €80,000 to SEE Link.

The SEE Link order routing system became fully operational at the end of March 2016. The two SEE Link indices ‒ SEE LinX and SEE LinX EWI ‒ were launched in the beginning of April, composed of the 10 most actively traded regional companies listed on three participating exchanges.

Currently SEE Link order-routing system supports trading for Bulgarian, Croatian and Macedonian market, with a combined equity market capitalisation of US$ 30 billion and almost 400 stocks listed on the three exchanges. A total of 25 investment companies (brokerage houses) are eligible to trade via SEE Link.

Click on the link above for further details.