The Ljubljana and the Zagreb Stock Exchanges have signed a Memorandum of Co-operation to work more closely on issues relating to cross-border trading.
Under the agreement, task forces and project teams will be appointed by the two exchanges to study possibilities of future collaboration. At a later date, they will be responsible for examining the quality of both markets and market instruments, trading and telecommunication technology as well as education and marketing practices.
The aims is to achieve higher liquidity; better investment potential and risk diversification; simpler, cheaper and speedier cross-border securities trading; larger supply of securities; higher regional transparency; and easier and cheaper raising of new capital, say the Exchanges.
Ljubljana Stock Exchange has already established contacts with the southeastern Europe exchanges in Skopje, Banja Luka, Podgorica and Sarajevo, and is currently in discussions with Belgrade Stock Exchange.