1. LINKING OF REGIONAL STOCK EXCHANGES IN BALKAN
Dr.Tarik Kurbegović Sarajevo Stock Exchange
Contact phone:
Contact

2. THE NUMBER OF POPULATION, GDP PER CAPITA, ECONOMIC JUSTIFICATION OF STOCK EXCHANGE OR ECONOMIC SUSTAINABILITY
Stock Exchanges
Population
GDP per capita (EUR)
Annual turnover 2016 (EUR)
% Share turnover
Sarajevo stock Exchange
&
Banjaluka Stock Exchange
3.704
18,49%
15,31%
Zagreb Stock Exchange  
10.338
25,01%
Belgrade Stock Exchange  
4.760
17,34%
Montenegro Stock Exchange
4.348
5,51%
Macedonian Stock Exchange  
3.926
2,32%
Ljubljana Stock Exchange
17.445
15,98%
Total
Regional forum on market, investment and statistics – MIS (SARAJEVO, April 2017)

3. STOCK EXCHANGE AS FINANCIAL INSTITUTION I
HISTORY– TRANSITION BUM
CERTIFICATES – SHAREHOLDERS SECURITIES
DEBT SECURITIES AS ALTERNATIVE SORCE OF FINANCING
DEVELOPED STOCK EXCHANGES TODAY HAVE COMPLETE INFRASTRUCTURE REQUIRED FOR OPERATING THE PROCES OF CONNECTING SUPPLY AND DEMAND OF SECURITIES: BANK, RVP, CCP, SPECIALIZED STOCK EXCHANGES.
Regional forum on market, investment and statistics – MIS (SARAJEVO, April 2017)

4. STOCK EXCHAGE AS FINANCIAL INSTITUTION II
STOCKS / ACTIONS X
EXCHANGE TRADED FUNDS - ETF
WARRANTS
STATE LIABILITIES  X
TREZORS 'RECORDS
RECEIVED INDEXED LIABILITIES
EUROBONDS
CENTRAL BANK LICENSE BONDERS
CORPORATE LIABILITIES
BANK HOLDERS
ASSET-BACKED SECURITIES
REPO/REVERSE REPO TRANSACTIONS
DERIVATIVES: FUTURES, FORWARDS, OPTIONS, SWOPS
STRUKTURIRANI PROIZVODI
STRUCTURED PRODUCTS
RIGHT OF ENROLLMENT
IPO’S X 
MONEY MARKET
Regional forum on market, investment and statistics – MIS (SARAJEVO, April 2017)

5. ASPECTS TO CONNECTING COALITIONS JOINING ASOCIATIONS FEDERATIONS
UNIONS
INTEGRATIONS
E-TRADING LINK
JOINT PLATFORM FOR TRADING
Regional forum on market, investment and statistics – MIS (SARAJEVO, April 2017)

6. WHAT IS THE BENEFIT – ADD VALUE
EFFICIENT AND COMPETITIVE MARKET
INCREASE IN THE TRADE RULE
OPTIMAL PORTFOLIO CREATION
APPROACH TO THE MAXIMUM NUMBER OF INVESTORS FOR EMITTERS
INCREASE OF LIQUIDITY
ATRACTIVITY OF PLATFORM FOR INVESTITORS
SMALLER COSTS AND LARGER REFUNDS
EXCHANGE OF EXPERIENCE AND DEVELOPMENT
SINERGY EFFECT
NEW INVESTMENTS AND POSSIBILITY OF DIVERSIFICATION
Regional forum on market, investment and statistics – MIS (SARAJEVO, April 2017)

7. TRADE PHASE– PHASE I WILL KNOWLEDGE STAFF FINANCE
AGREEMENT ON ESTABLISHING COMMON PLATFORM FOR TRADING(SEE LINK platform)
IS IT SUFFICIENT FOR ESTABLISHING QUALITY PLATFORM?
IT IS NOT.
Regional forum on market, investment and statistics – MIS (SARAJEVO, April 2017)

8. SEE LINK platform
FOUNDERS: Macedonian, Zagreb and Bulgarian Stock Exchange
New members: Belgrade Stock Exchange, Ljubljana Stock Exchange , Montenegro Stock Exchange, Banjaluka Stock Exchange, Sarajevo Stock Exchange, Athens Stock Exchange
The idea behind this cross-border initiative is to integrate regional markets without merging or corporate integration, using only technology that will allow investors easier and more efficient access to these markets through a local broker
SEE LINK system became fully operational in March last year
SEE Link indexi ‒ SEE LinX and SEE LinX EWI
The project is funded by the EBRD (
Regional forum on market, investment and statistics – MIS (SARAJEVO, April 2017)

9. Regional forum on market, investment and statistics – MIS (SARAJEVO, April 2017)

10. POST TRADE PHASE – PHASE II
CONSOLIDATION AND SUPPORT OF ALL CAPITAL AND OTHER INSTITUTIONS
PARTICIPANTS
RVP: CALCULATION AND  ALIGNMENT
CONNECTION & IT
LAW & REGULATIONS
MEMBERS AND MUTUAL COMMUNICATION
COMMISSION FOR SECURITIES: HARMONIZATION OF RULES
CBBH: LAW ON BUSINESS OPERATIONS
REGIONAL BANK - PARTICIPANT IN PROCESS OF CALCULATION AND ALIGNMENT IN REGIONAL MARKET
Regional forum on market, investment and statistics – MIS (SARAJEVO, April 2017)

11. Thank You for Your attention
dr.Tarik Kurbegović Sarajevo Stock Exchange
Contact phone:
Contact