Southeast Europe Stock Exchanges Launch Procurement for IT Platform
SEE Link, a joint-stock company established by the Bulgarian Stock Exchange (BSE), the Macedonian Stock Exchange (MSE), and the Zagreb Stock Exchange (ZSE), is to launcha procurement procedure for an IT platform (ITP) which would facilitate order-routing.
The ITP General Procurement Notice is available at www.see-link.org and bit.ly/see-link-gpn-ebrd.
SEE Link, a joint-stock company headquartered in Skopje, was established in May 2014 by the Bulgarian Stock Exchange (BSE), the Macedonian Stock Exchange (MSE), and the Zagreb Stock Exchange (ZSE), with each holding an equal share in the new company.
SEE Link was set up to help the stock exchanges in Bulgaria, Macedonia, and Croatia integrate their markets.
In July 2014, the European Bank for Reconstruction and Development (EBRD) agreed to provide a EUR 540000 grant to establishan electronic order routing system through its Local Currency and Capital Markets Development Initiative.
The proposed ITP project has a total estimated cost of EUR 250 000.
Tendering is expected to begin in the Q4 2014.
The joint order routing platform will allow brokers registered with any of the three exchanges to access the others with no need to register or pay additional fees, according to reports of business portal bne.eu.
Ivan Takev, CEO of the Bulgarian Stock Exchange, commented that they were doing everything possible to launch the platform as soon as possible, at the same time ensuring that it brought benefits to all participants.
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