February 22 marked the launch of the first operating securities market in Albania.The Albanian Securities Exchange ALSE, officially started its activity on Thursday.
Initially, trading has started with Albanian Government bonds and treasury bills, as is foreseen in the license issued by the Albanian Financial Supervisory Authority (AFSA).Stakeholders interested in trading government securities before the maturity date may submit their demands and offers on the electronic trading platform at ALSE, through banks or brokerage firms that are affiliated to this market.
Since July last year, the Albanian Securities Exchange is the only securities market licensed by the AFSA.After the first year of its activity, the Securities Exchange will also be open to trading securities of private companies.
Potentials for the development of the securities market are on the rise, given that some private companies are using bonds as a borrowing instrument.