On Monday, investors on the Bulgarian Stock Exchange were surprised to find that Bulgarian companies such as Apple, Microsoft, Facebook, Tesla, European banks Deutsche Bank, Commerzbank and others appeared before the quotations of Bulgarian shares. No, all of them did not come to Sofia, but still there is no mistake. In parallel with the surprise in the terminals of the exchange officially announced that they are launching a new trading segment – BSE International. It already trades the shares of nearly 100 leading companies from Europe and the United States, as well as several exchange-traded funds on leading indices such as DAX, S&P 500, FTSE All-World, NASDAQ-100, STOXX Europe 600 and others. And from the first day there was interest and deals in several positions.
The establishment of BSE International is part of a series of initiatives on the stock exchange in recent years, which aim to return the interest of individual investors to the capital market in Bulgaria. Under the leadership of Manyu Moravenov, the BSE managed to attract to the growth segment BEAM and several smaller innovative companies, which included quite small shareholders. And now the introduction of leading stocks coincides with a boom in global stock markets, largely supported by small investors, for whom access to them has become very easy through platforms such as Robinhood and Revolut. In this sense, the launch of BSE International can be considered as another alternative to access to foreign exchanges, of course, with its specific features, pros and cons.
What is BSE International
BSE International is a market segment on the BSE, not a system that provides direct access to US markets, such as specialized platforms. That is why the issues registered on it are traded in Bulgaria according to the trading hours on our stock exchange – 9.30 to 17.30, which includes pre and post trading. This is one of the peculiarities, as in the USA the stock exchanges open at 4.30 pm Bulgarian time. The shares listed on BSE International are constantly quoted by the market maker TradeGate in this time range.
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