Bosnian stocks offered on Borsa Istanbul

Sarajevo Stock Exchange to link up order-routing system with Borsa Istanbul in 2015

Sarajevo Stock Exchange to link up order-routing system with Borsa Istanbul in 2015

SARAJEVO, Bosnia and Herzegovina - The Sarajevo Stock Exchange and Borsa Istanbul will come together next year in an “order-routing system” which will allow brokers from Turkey and Bosnia to trade through each other’s markets.

Speaking to reporters in Sarajevo on Monday, SASE head Tarik Kurbegovic revealed that since last week, millions of investors looking at the Borsa Istanbul platform could see products linked to the Sarajevo Stock Exchange.

Some Bosnian stocks have been present in the Turkish capital market since December 15. The main index on the Sarajevo Stock Exchange, the SASX-10 – which depicts the price movement of the top 10 issuers on the SASE – is available to the market options and futures contracts on Borsa Istanbul.

"Regional exchanges are said to be small," said Kurbegovic who claimed that linking of regional stock exchanges with a partner like Borsa Istanbul sees them “become part of the big family of bound capital markets.”

Borsa Istanbul president Ibrahim Turhan said the new link with SASE was a “strategic partnership.”

"Our daily turnover is about $15 billion which is more than the turnover of most stock exchanges in the region. For us this is strategic partnership, so that it will be long-term – as is our friendship with Bosnia and Herzegovina," said Turhan.

Admission of the SASX-10 index to Borsa Istanbul means that the Sarajevo Stock Exchange will be available to international investors, added director of marketing and sales Adnan Serhat Gogrun.

Turhan said Turkey is the 16th biggest economy in the world and that it will preside over the 2015 summit G20 – “one of the most important platforms for discussion about future of economies.”

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