Date: 10.03.2010
Ljubljana Stock Exchange fostering market development
(Ljubljana) Due to the integration into the CEE Stock Exchange Group (CEESEG) the Ljubljana Stock Exchange (LJSE) and the whole Slovene capital market have taken a strong position in the regional CEE market and have thus gained new prospects for growth and development. One of the central activities to follow is the implementation of the international trading platform XETRA, which LJSE plans to launch in September 2010. XETRA will be implemented by mutual agreement with the market participants. The launch of XETRA will bring LJSE’s in strong alignment with the established practices of international capital markets, and we expect it to enhance the market’s profile and operations; LJSE’s migration to XETRA will attract international investment firms and banks as well as new foreign portfolio managers, allow for the listing of new financial products, and provide Slovene trading members with an efficient access to foreign markets.
XETRA is a state-of-the-art international trading platform used by over 250 firms and 4,800 brokers. Investors have direct access to XETRA from 18 European countries and a Middle East country. XETRA is the ideal trading platform for CEESEG, for which a common trading system is the key to further market development and integration.
“Expectations about how long the pressing economic situation will persist differ. What remains clear, however, is that we have to be more active and effective in battling it. Putting off development projects any longer will only impair the international competitive position of the Slovene market and close it even further to outside influence, as well as indirectly limit the growth and development of the Slovene economy. LJSE’s plans and projects aimed at market development may be bold, but they are feasible. The first steps have already been taken, as trading member have declared their support to XETRA as the basis for future development,” said Andrej Šketa, President of the LJSE Management Board.
LJSE has also drawn up a plan for the future growth and development of the Slovene capital market; as Slovene companies gradually change their financing model, the capital market can support their restructuring in the coming years, with the ultimate goal of promoting additional growth and higher added value. The planned projects and activities, thus, support the government’s exit strategy, while LJSE and the other market participants embark on a new capital market strategy, set up new business models, services and products, and therefore enforce an internationally comparable trading and C&S infrastructure. Changes will affect strategic, business and infrastructure areas, and will be enforced by LJSE together with the other market participants, which have already shown their support and readiness to cooperate and join forces in finding the necessary solutions.
The Slovene capital market in its new role together with the new capital market strategy will be presented in June. They will accommodate the need for the Slovene economy to restructure while exploiting the opportunities that have just opened because of LJSE’s integration into CEESEG.
For further information, please contact:
Mojca Mele, Head of Management Board Cabinet / Public Relations
Telephone: +386 1471 0221
E-mail:
mojca.mele@ljse.si