Wednesday June 5 2013

News Source: Global Exchanges

Focus: Other

Type: General




On 28 May 2013, the Executive Vice President of Borsa İstanbul, and the CEO of Tirana Stock Exchange, signed a Memorandum of Understanding (MoU) during Tirana Economic Forum – “Albania New Development Model”, which took place in Tirana.

The MoU envisages the development of the existing cooperation between Borsa İstanbul and Tirana Stock Exchange. Under the MoU, the parties are intended to cooperate in certain areas such as developing projects and opportunities to exchange information and expertise pertaining to their activities, markets and operations in order to contribute to improvement of their countries’ capital markets; benefiting from each others’ experiences and best practices; and organizing joint events with the common objective of improving the understanding and knowledge of capital markets in both countries. Moreover, the parties aim to establish a secondary fixed income market operating within Tirana Stock Exchange; to develop a new electronic trading system for Tirana Stock Exchange; and to work in collaboration with other relevant institutions in order to establish a post trade environment for Albanian capital markets.

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