NEX Stock Exchange
Encyclopedia
The New Securities Stock Exchange or NEX Stock Exchange (NEX) was a stock exchange
located in Podgorica
, Montenegro
. The NEX Stock Exchange was founded 2001. It was one of two principal stock exchanges in Montenegro, the other being the Montenegro Stock Exchange
, also in Podgorica. In January 2010, stockholders in NEX approved a merger with the Montenegro Stock Exchange, initially expected to take place within two to three months. However, the two were technically merged as of 31 December 2010, with their systems jointly operating since 10 January 2011. Thus, NEX Stock Exchange ceased to exist as a legal subject. The merger consolidated and simplified securities trading in Montenegro.
Stock exchange
A stock exchange is an entity that provides services for stock brokers and traders to trade stocks, bonds, and other securities. Stock exchanges also provide facilities for issue and redemption of securities and other financial instruments, and capital events including the payment of income and...
located in Podgorica
Podgorica
Podgorica , is the capital and largest city of Montenegro.Podgorica's favourable position at the confluence of the Ribnica and Morača rivers and the meeting point of the fertile Zeta Plain and Bjelopavlići Valley has encouraged settlement...
, Montenegro
Montenegro
Montenegro Montenegrin: Crna Gora Црна Гора , meaning "Black Mountain") is a country located in Southeastern Europe. It has a coast on the Adriatic Sea to the south-west and is bordered by Croatia to the west, Bosnia and Herzegovina to the northwest, Serbia to the northeast and Albania to the...
. The NEX Stock Exchange was founded 2001. It was one of two principal stock exchanges in Montenegro, the other being the Montenegro Stock Exchange
Montenegro Stock Exchange
The Montenegro Stock Exchange is a stock exchange located in Podgorica, Montenegro. It is Montenegro's only stock exchange.The MNSE was founded 1993, and is a member of the WFE, FESE and FEAS...
, also in Podgorica. In January 2010, stockholders in NEX approved a merger with the Montenegro Stock Exchange, initially expected to take place within two to three months. However, the two were technically merged as of 31 December 2010, with their systems jointly operating since 10 January 2011. Thus, NEX Stock Exchange ceased to exist as a legal subject. The merger consolidated and simplified securities trading in Montenegro.
See also
- Economy of MontenegroEconomy of MontenegroEconomy of Montenegro is mostly a service based economy, currently in process of economic transition. Economy of this small Balkan state is recovering from impact of Yugoslav Wars, decline of industry following the breakup of SFRY, and UN economic sanctions....
- List of stock exchanges
- List of European stock exchanges