FEDERATION OF EURO-ASIAN STOCK EXCHANGES
SEMI ANNUAL REPORT OCTOBER 2008
ZAGREB STOCK EXCHANGE
We had a very successful year. Turnover
increased, market capitalization rose
significantly and number of trades almost
doubled.
Roberto Motusic
General Manager
We had a very successful year. Turnover
increased, market capitalization rose
significantly and number of trades almost
doubled. We finished three major infrastructure
projects and implemented new OMX X-Stream
trading platform. Despite the global market
depression we are looking forward to further
qualitative market improvements. Three major
tasks are: introduction of market makers;
faster and easier Internet access to stock
market trading and further work on the
implementation of new financial instruments
(derivatives).
Regional cooperation is a long term task that
we would like to revitalize and put higher on
our list of priorities for year 2008.
FUTURE OUTLOOK
The last two years were extremely successful
for the ZSE. In 2007 turnover rose above
expectations, market capitalization doubled,
two largest Croatian companies were privatized
and listed with the exchange, domestic
investors base became more significant and
the official stock index CROBEX broke “all time
high” levels. At the end of the year a new
modern OMX trading platform has been
introduced. In 2008 the ZSE will continue with
technological improvements and use these for
further market development. The main goal is to
widen the range of financial products listed and
traded at the exchange and to improve market
liquidity.
In order to achieve these targets in the first
quarter of 2008 the ZSE will introduce “market
makers”. Furthermore, new trading platforms
will be more open for order routing and
extensive use of Internet technology.
All of these technology steps are prerequisites
for easier access of institutional and retail
investors to the stock exchange trading.
Redesign of official stock exchange web site
will bring more market information to a broad
range of investors. New high-tech tools are
supposed to help investors to follow market
trends and company news more easily and in a
timely manner.
In 2008 the ZSE will continue to promote
national and regional market and attract
international and regional investors. To achieve
this the ZSE will make a special effort to
enhance and intensify cooperation with the
Federation and regional stock exchanges.
CONTACT INFORMATION
Contact Name Mr. Zeljko Kardum
E-mail [email protected]
Website www.zse.hr
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