On May 16th, 2019, at the premises of Albanian Securities Exchange (ALSE) it was organized an open lecture with topic “Financial Market and the Albanian Securities Exchange”. In this event participated the representatives of academic staff and students of master program from Marin Barleti University. The Executive Director of Albanian Securities Exchange, Mr. Artan Gjergji made a summary of domestic financial market and then he explained thoroughly about capital markets as well as stock exchange in details.

Furthermore, the participants of this lecture were familiarized with the infrastructure making possible the process of matching demand with supply for securities. The specialist of surveillance and risk management, Mrs. Erinda Fiku presented the Electronic Trading System, a platform which facilitates trading in the stock exchange. Students had a pro-active interaction by asking practical questions regarding the cases of transaction executions, market abuse possibilities and measures taken from ALSE to prevent such cases in order to guarantee a sound and transparent market.

On May 8th, 2019, at the premises of the University “Metropolitan Tirana” was organized an open lecture with topic “Capital Markets and Albanian Securities Exchange”. The participants of this event were members of academic and scientific staff as well as students of Economic Faculty at the university.

The Executive Director of Albanian Securities Exchange, Mr. Artan Gjergji made a summary of the latest macro developments in the domestic financial market, and was focused to the perspective of capital market and stock exchange development. Participants were interested regarding the stock exchange trading data during the first year as well as on brokerage firms as participants on the stock exchange.

At the end of the event, it was signed the cooperation agreement between Mr. Artan Gjergji and the president of the university Mr. Arjan Çukaj. This agreement will bring the cooperation of these institutions related with the education of students regarding the capital markets.

Today, on April 25th, 2019, was executed the first transaction by a brokerage firm at ALSE. Triumf Grup traded 30 units of Treasury Bills with a maturity date of 6 months, at the value of 298,000 ALL. This transaction was executed during the on-exchange trading hours and there was no problem in the post-trading process (reporting to clearing agent, clearing-settlement).

This transaction marks an important mile stone in the process of developing securities market in Albania since it indicates an increase in the level of the interest by other financial institutions (not banks) to be active in the intermediation of securities transactions for citizens and other position holders.

Now the investors interested to trade debt securities that hold in their portfolios, before their maturity, can deal not only with banks but also with the brokerage firms’ licensed by the Albanian Financial Supervisory Authority and accepted as member at ALSE.

For detailed information regarding the members of Albanian Securities Exchange, please click here.

On April 22nd, 2019, Albanian Securities Exchange was provided with Market Identifier Code (MIC). MIC is a unique code, part of a standardized and internationally accepted system which is used to identify the stock exchanges, regulated and unregulated markets. MIC code is made of four characters which are defined in the certification standards ISO 10383 of the International Organization for Standardization (ISO)

MIC code is used to process and clear transactions using straight through processing (STP) approach. Straight through processing approach helps improving the speed of processing transactions.

MIC code defined for ALSE is: XALS

For more information regarding the updated list of international MIC codes click here

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