Macedonian Stock Exchange Becomes FEAS Full Member

Tuesday, 1 November 2022


During the 64th Board Meeting of the Federation of Euro-Asian Stock Exchanges, FEAS Observer Macedonian Stock Exchange was approved as a Full member of the federation.

The story of the Macedonian Stock-Exchange began in 1995. On September 13th the Inaugural Meeting of the Macedonian Stock Exchange took place. This is the official date of the establishment of the first organized securities exchange in the history of the Republic of Macedonia considering that the country had never before had a stock exchange. The Exchange was established as a joint stock company operat­ing on a non-profit basis, with a founding capital of one million deutschmarks. The total number of the initial founders of the Macedonian Stock Exchange was 19 (13 banks, 3 insur­ance companies and 3 saving houses). These founders simultaneously became first Exchange members with right to trade in securities.

MSE’s mission is to provide efficient, transparent and secure functioning of the organized secondary securities market in the Republic of Macedonia, through a continuous effort to create basis for market entry and exit from all financial instruments to all investors at fair market price, in order to facilitate building of confidence in the Macedonian securities market.

From the securities market prospective these activities shall result in changes and adjustments of the related legislation and business practice to those of the EU. In the same time, the securities market participants will have to modify their business behavior in accordance with the new environment and to prepare themselves to face with the competition on the international securities market. To maintain and, even more, to increase the interest for participation on the Macedonian securities market, MSE’s focus in the forthcoming period will be to further develop the Macedonian Stock Exchange to the extent that it will be comparable to the modern and well organized secondary securities markets worldwide. MSE’s target will not only be the domestic investors, but also the foreign investors who have decided to invest in the emerging markets. By following this course, the Exchange will have to create mechanisms, procedures and projects that will support the challenge to be resistant to the pressure from the EU competition. MSE is working on the development of a strategy for improvement of the level of supply and quality of the market products, which will be oriented to keeping all currently listed companies, but also to developing new financial instruments, that will absorb increasing demand on the market.

FEAS is happy to welcome Macedonian Stock Exchange – This membership gives them an opportunity to get FEAS Benefits, such as business support, knowledge sharing through training and webinars, research and publications, PR Support, participation in FEAS Flagship event ConFEAS. With this membership earned Macedonian Stock Exchange supports federation’s vision and mission to contribute to the cooperation, development, support and promotion of capital markets in the Euro-Asian Region (i.e. Europe, Asia and the Mediterranean Basin).

In 2016, Macedonian Stock Exchange joins FEAS as an Observer, now, Macedonian Stock Exchange is a full member of the federation!

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