The Board of Directors of Zagreb Stock Exchange (ZSE) has provided the Croatian capital market with an incentive by deciding not to charge exchange transaction fees for the rest of 2005.
Their move falls in line with their 2005 financial plans, which have resulted in a twofold increase in ZSE turnover. Moreover, ZSE says it is acting in the interest of the brokers–the shareholders and owners of the exchange. ZSE recently approved changes to its fee schedule resulting in an average35% exchange commission discount.
“ZSE stock exchange commissions to be waived of the remainder of 2005 thus decreasing the market’s overall transaction fee burden,” said Sinsia Juric, head of custody, at Splitskabanka.