site.btaBulgarian, Croatian, Macedonian Stock Exchanges Apply for EBRD Financing for Common IT Platform

110 ECONOMY - STOCK EXCHANGE - IT PLATFORM PROJECT

Bulgarian, Croatian, Macedonian
Stock Exchanges Apply for EBRD Financing for
Common IT Platform


Sofia, October 27 (BTA) - SEE Link doo Skopje, established in
2014 by the Macedonian Stock Exchange, Bulgarian Stock Exchange
and Zagreb Stock Exchange, has applied for financing to the
European Bank for Reconstruction and Development (EBRD) and
intends to use part of the proceeds to acquire an IT platform
(ITP), the Bulgarian Stock Exchange said Monday.

The proposed project, which has a total estimated cost of
250,000 euro, will require the procurement of an ITP, which
would facilitate order-routing and straight through processing
of trades that would integrate the three countries' stock
exchanges.

Tendering is expected to begin in the fourth quarter of 2014.
VI/MY