Following the recent decision of Zagreb Stock Exchange (ZSE) to waive their stock exchange commission for the remainder of 2005, the Varazdin Stock Exchange (VSE) went the same direction and announced waive their commissions for the remainder of 2005.
Consequently, as of August 10th, 2005 and until December 31st, 2005 VSE will not charge their members with any transaction-related fees.
“VSE’s Board of Directors explained this step with their willingness to follow market trends and wishes to ensure competitive trading conditions for those members that do not hold a seat on ZSE in parallel,” Sinisa Juric, head of custody at Splitskabanka. “The Croatian capital market has been made less cost intensive since both domestic exchanges have decided to waive their transaction-related fees for the rest of 2005.”