GEORGIAN Stock Exchange Future Outlook

Friday, 19 February 2010

Based on the significant interest of a leading European stock exchange operator, as well as of the various financial investors, significant changes in GSE ownership structure is anticipated, entailing, among other, attraction of required investments for further development of the GSE.
Also, in 2010 the GSE plans to:
1.      Make important changes in its trading system and trading rules so as to increase the efficiency of trading and increase the liquidity of the market:
§ Intensify the trading process. In particular, the trading sessions will be conducted on daily basis and/or time period of the trading sessions will be extended;
§ Further improve remote trading system for brokerage companies;
§ Establish electronic links between securities market participants (stock exchange, central depository, brokerage companies, banks, securities registrars)
§ Increase the efficiency of the government securities trading on the stock exchange;
§ Introduce partially guaranteed trading of securities;
§ Introducing of price quotation both in local and foreign currencies.
2.      Launch a new web-site for the GSE, which along with traditional statistics will provide corporate reports database for the companies who are admitted to the trading system. In addition, the creation and publication of a company database will allow companies to publish their annual, semi-annual and current reports which are required by law and thus improve disclosure standards and corporate transparency;
3.      Introduce the Georgian Stock Exchange Index.