BRATISLAVA, December 27, (WEBNOVINY) — Preparations of the Bratislava Stock Exchange (BCPB) related to the launch of trading Czech securities could soon be completed. Conditions are being prepared for trading Czech shares in Slovakia by the stock exchange itself as well as the Central Securities Depository in Slovakia. “At the moment, it is only a question of a few days when we officially announce that the preparations have been completed,” Director General of the Bratislava Stock Exchange Maria Hurajova told SITA news agency. She further said that first trades could be theoretically carried out as early as in January but they have to be preceded by the process of admitting at least one issue of Czech securities for trading on the local stock market.
According to Hurajova, BCPB is working on the intention to enrich its scope of traded titles along with members of the stock exchange as well as with issuers. “It is necessary to communicate with issuers so that admitting securities and subsequent trading with them is successful,” Hurajova added.
The Bratislava Stock Exchange has reported this year an increase in the volume of trades. While in 2010, the overall volume of trades reached 6.79 billion euros, the volume of trades reached 17.97 billion euros as of the end of November in 2011. The portion of trades with equity-based securities at BCPB is, however, still low. “Though we have achieved higher volumes on the stock market last year, there are still more trades with government bonds, which along with T-bills and mortgage bonds have the highest share in the overall volume of trades,” Hurajova stated.
The Central Securities Depository in Bratislava and the Central Securities Depository Prague sealed a contract on mutual membership and cooperation, which will enable dual listing of securities on stock exchanges in Prague and Bratislava, in late June of this year. Based on this contract, technical interconnection of both companies should be carried out that should, apart from others, make trading with the same securities on both stock markets easier. The only owner of Slovakia’s Central Securities Depository is the Bratislava Stock Exchange.
SITA
