Rules for fluctuation in Serbian securities trading have been amended. By Dragana Stijelja, Corporate Actions and Tax Specialist, GSS Serbia
The Belgrade Stock Exchange provides for an easier mechanism for pricing and concluding transactions for trading in government bonds and bonds of local municipalities.
Trading in government bonds and other financial instruments by single price auction method or continuous trading method on the same market segments, will be based on the fluctuation zone model and shall include only the Absolute Fluctuation Zone (AZF).
For trading shares by single price auction method or continuous trading method on market segments of the regulated market and on the MTP Belex, the fluctuation zone model is to be used and combined with the Absolute Fluctuation Zone (AZF) and the Static Fluctuation Zone (SZF).
The fluctuation zone model as determined by the Rules of Business Operation will be effective as of the trading session on 12 December.
Corporate Actions and Tax Specialist