The Ljubljana Stock Exchange (LJSE) in Slovenia has postponed the start of continuous and auction trading from 1 October to 17 October.
Borut Vidmar, Relationship Manager for Bank Austria Creditanstalt (BA-CA) in Slovenia, says the Management Board of the LJSE decided to postpone the start of the new trading system at the request of the local brokerage houses, who felt the new system might be overwhelmed by a rising tide of orders.
In a separate development, the LJSE has transferred the shares of its six largest and most active listed stocks into a newly-formed “Prime Market” which begins trading today.
The six companies in the Prime Market are Gorenje (a home appliance manufacturer); Intereuropa (a logistics company); Krka (a pharmaceutical company); Mercator (a retailer); Merkur (a hardware retailer); and Petrol (a petroleum retailer).
LJSE says companies listed on the Prime Market will need to comply with additional disclosure requirements, such as following International Financial Reporting Standards and providing public announcements in English.