Agreement sign off with BELEX
|November 25th 2021|
|Agreement sign off with BELEX|
The Agreement for the provision of trading facilities by migrating Belgrade Stock Exchange's (BELEX) trading activities as Market Operator to the Trading platform of Athens Stock Exchange's (ATHEX) was signed today, November 25th, 2021.
The signing of this Agreement is the next step of the mutual desire of both organizations to cooperate closely and to promote a broader regional cooperation, initially realized by ATHEX's participation in BELEX's shareholding structure as announced on August 5th, 2021.
Both teams have initiated the deployment activities aiming to migrate BELEX's trading activities to the Common Trading Platform. As a result, all partners (Athens Exchange, Belgrade Stock Exchange, Cyprus Stock Exchange) and their associated investment community will collectively increase their operational efficiency, improve market liquidity, enhance their business opportunities and thus efficiently support local economies development.
The Agreement also stresses ATHEX's commitment to actively support BELEX's strategic endeavor to develop the Serbian capital market into an international benchmarked market.
Socrates Lazaridis, ATHEX CEO, said:
"We are excited to partner with Belgrade Stock Exchange in the context of the Common Platform concept, through which we aim to strengthen our markets network increasing the diversity of the investor base and offering new investment opportunities for local and international investors, and in turn expand the range of products traded in the markets". We both share a common vision to emphasize the role of our markets in the local economy by facilitating global connectedness and building a widely interconnected supportive regional network".
Sinisa Krneta, BELEX CEO, said
"Today, we are very proud of reaching a new milestone in our partnership. We are dedicated and highly motivated to substantially improve Serbian capital market environment. In order to do so in the fast-changing and evolving global market environment, migration of the Belgrade Stock Exchange's trading activities to the trading platform of the Athens Stock Exchange reflects our firm commitment not only to further strengthen our cooperation but also our ultimate goal to improve overall market efficiency, transparency and certainty by delivering trading facilities fully compliant with the EU regulation, to all market participants".
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