ALSE to trade gov’t and companies’ securities: FSA

Monday’s decision of the Financial Supervisory Authority FSA to license the first stock exchange in Albania has now been published on the official website of the institution, providing all the details.

“The Albanian Securities Exchange, ALSE is founded by three shareholders: Credins Bank, with 42.5% of the capital, American Investment Bank, with 42.5% of the capital and AK Invest, with 15% of capital.”

The registered capital of the company is ALL 50 million.

The main activity of the stock exchange will be trading bonds, trading securities and other financial instruments, the implementation of a multilateral trading platform as well as education, promotion and providing information to interested groups.

The decision published by FSA announced that the system that will be used by ALSE is called “Quick Trade”, which can carry up to 100,000 transactions per day.

In the first year of activity, the transactions will concentrate on trading government securities, as well as trading stocks of companies emerged from Albania’s privatization processes.

ALSE will enable small investors to engage in the securities market in a transparent manner.

Currently, the European Bank for Reconstruction and Development, EBRD, has initiated a regional project involving the stock exchanges of Slovenia, Bulgaria, Macedonia, Croatia, Serbia and aims to create an infrastructure for trading securities in these countries and increase cooperation between them.

SCAN

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