Bulgarian Stock Exchange Could Launch International Segment in 2018 - CEO

Bulgarian Stock Exchange Could Launch International Segment in 2018 - CEO

The Bulgarian Stock Exchange (BSE) could launch its planned international segment by the end of the year, the CEO of the bourse, Ivan Takev, said on Tuesday. The project was suspended twice for a total period of six months at the request of the market-maker which is taking part in the process, Takev said during a news conference in Sofia.
 "As of the beginning of the second quarter, we entered into a dialogue with them [the market-maker] and resumed our efforts to continue with the project. Settlement of the deals should take place in Luxembourg, because the transactions between banks and investors will be processed by Luxembourg's depository. I am convinced that we will find a solution and the project will be launched," Takev added. The new segment could include up to 150 financial instruments from key markets in Europe, the US and Asia. In May 2017, Takev told SeeNews the bourse plans to set up a new segment, BSE International, where stocks from Western European countries and other major markets, including Canada, China and Japan, could be traded.

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