Small exchanges from CEE create growth potential for the capital market in the region. By Vanda Močnik Kohek, Senior Relationship Manager, GSS Slovenia
In December 2016 Ljubljana Stock Exchange (LJSE) became an active member of the SEE Link network, enabling trading on the common platform on the local market. the LJSE is the fifth stock exchange to join SEE Link and we expect the Slovenian securities market to benefit from this step.
With the accession of new markets, a revision of the indices ‒ SEE LinX and SEE LinX EWI ‒ is planned for the forthcoming period in order to provide a more representative overview of the common marketplace.
It looks though that the new ownership (Zagreb Stock Exchange bought 100% of the shares of LJSE from Vienna Stock Exchange in 2015) has so far had a positive impact on LJSE activities. Joining SEE Link is only one of the actions taken by LJSE since the change of ownership. Other than that:
- A new Management Board was nominated on 1 September 2016.
- On 12 November 2016, new LJSE rules and related regulations were published.
- Trading hours have been increased by 1.5 hours as of 14 November 2016.
- On 1 December 2016, LJSE and the Slovenian Directors Association presented the renewed Practical Guidelines for Quality Explanations in Corporate Governance Statements. A novelty in the revised Corporate Governance Code is the external assessment of the adequacy of Corporate Governance Statements at least once every three years.
Vanda Močnik Kohek
Senior Relationship Manager
GSS Slovenia
vanda.mocnik@unicreditgroup.si