Belgrade Stock Exchange
The Belgrade SE founded in November 1894, with the first trades made in January 1895. At that time, only one trading session was held and in one room all transactions were concluded (currency, money, goods). As trading developed, two departments were founded: one for commodities and the department for currencies and receivables. The Belgrade Stock Exchange was considered to be the best organized financial institution, was one of the oldest exchanges in Europe and the prices established on the Exchange were the referent prices for products on other European exchanges.
Between the two world wars, after a four-year break and in a difficult economic situation, the Exchange resumed its business. The turnover increased, the business results were better, the quotations were printed in 1000 copies, in three languages. This was the most intensive period until the great world crisis, which affected the Serbian economy as well. The Exchange closed in April 1941 and activites not resumed until December 1989.
1989 - Belgrade Stock Exchange is reestablished
With a change in the general climate and the beginning of the economic reforms, after adoption of the Law on the capital market in 1989, the Founding Assembly of the Yugoslav Capital Market, established by 34 biggest banks from the territory of former Yugoslavia, was held. In 1992, the Yugoslav Capital Market changed its name to the Belgrade Stock Exchange. The first share trade took place in 1991. In 2000, shares from the previous privatization processes were included in secondary trading.
2001 - BSE launched „In house“ developed trading system
A significant step forward was made in 2000 when shares from the previous privatization processes were included in secondary trading. In 2001, the introduction of RS bonds for covering the government debt with respect to the old foreign currency savings further boosted the growth of the domestic capital market.
2004 - Successful launch of remote trading
During 2003 and 2004, there were significant improvements in the development of the BELEX trading system, continuous and remote trading was introduced.
2005 - BELEX15 index released
BELEX15 is created for improving the investment process, through measuring performances of the most liquid segment of the Serbian capital market and the possibility of comparing potential investment strategies with the index.
2007 - First shares on top-tier Prime Listing
Shares of Tigar company were admitted to the Listing A on April, 4th
2008 - BSE launched BELEXFIX
Belgrade SE successfully launched Information system based on FIX protocol BELEXFIX
2016 - BSE joined the SEE Link
Belgrade SE joined the SEE Link regional platform for trading in securities on regional markets (supported by EBRD)
2016 - Launched IPO Go!
IPO Go! Project for raising awareness on raising capital via Belgrade SE, supported by EBRD
2016 - Introduction new order types and circuit-breaker solution
Trading system enhancement – new order types (iceberg, fill or kill, immediate or cancel) and circuit-breaker solution
2018 - First IPO after almost 80 years
The first initial public offering was carried out on the Belgrade SE by the Fintel Energija a.d.. Shares of Fintel Energija are admitted to Prime Listing of the Belgrade SE, the premium listing segment of the domestic capital market.
2019 - National strategy for Capital Market Development
During previous year, BELEX influenced government to start working on formal strategy that will enhance significance of equity financing and issuance of debt instruments in the Serbian economy.