What is SI ENTER?
The SI ENTER market is a Multilateral Trading Facility, which was created under the auspices of the Ljubljana Stock Exchange and demonstrates that the Ljubljana Stock Exchange follows the trends, requirements and demand on the market. The Multilateral Trading Facility enables investors to invest in more than 80 financial instruments of Slovenian and international issuers from diverse sectors and represents an alternative market to diversify their assets. Multilateral Trading Facility is known also in other countries such as England, Germany, Austria and others.
How is trading on the SI ENTER market performed?
On the SI ENTER market financial instruments are traded on the established system Xetra, which enables the use of the same orders and other functionalities as are available on the stock exchange market. Trading is carried out exclusively in auction trading method, which has the advantage of a greater concentration of orders and their greater exposure, which in turn results in better market price formation and reduction of volatility.
With which instruments can be traded on the SI ENTER?
On SI ENTER market, you can trade with shares, bonds and commercial papers. The majority of listed instruments are shares of Slovenian companies.
How can I buy or sell financial instruments traded on the SI ENTER market?
You can buy or sell financial instruments through a brokerage house or bank, that is a member of the Ljubljana Stock Exchange. If you do not have an open trading account yet, you need to sign a brokerage agreement with a chosen brokerage house or bank and open a trading account before you can start trading. The chosen brokerage house or bank can provide you with investment recommendations, trading data and other useful information on individual instruments.
Do I need to open a special trading account for purposes of trading on the SI ENTER market?If you already have a trading account, you need not open a new trading account for purposes of trading on the SI ENTER market. The same trading account open at a chosen brokerage house or bank enables you to execute orders on both the stock exchange market as well as on the SI ENTER market.
Why did the Ljubljana Stock Exchange list certain shares on the SI ENTER market at its own initiative, without issuer request?The Exchange listed these shares on the SI ENTER market on the basis of member firms' interest to trade with these instruments in a more optimal way than is possible on the OTC market.The purpose of listing these shares on the SI ENTER market is to provide investors in nontradable shares the advantages of an orderly way of trading through a trading system, by enabling:
More efficient trading,
- Quicker and easier execution of orders;
- Easier entry into and exit from investments;
- Better price formation;
- Better share liquidity;
- Better availability of reference prices;
- Easier monitoring of trading and trading data
Does the listing of shares in the segment ENTER Basic being any responsibilities to issuer of the shares?As the shares were not listed on the ENTER Basic at an issuer’s initiative, the issuer has absolutely no new responsibilities regarding the disclosure of information or other responsibilities or costs.
Can an issuer demand from the Exchange to delist the share, which the Eexchange listed on the SI ENTER at its own initiative, from the SI ENTER market?The shares were listed on the SI ENTER market in the ENTER Basic segment at the Exchange’s initiative after considering the interest of member firms and based on the fulfilment of 3 additional criteria. It is the only segment of the SI ENTER market which does not require issuer’s request for listing. This is thus a segment of shares with a lower availability of information on companies’ operations. The SI ENTER, however, in comparison to the OTC market, offers a more transparent and efficient trading with instruments. For these reasons, it is not intended that the issuer could request that the Exchange delists their shares from trading on the ENTER basic segment.
Is SI ENTER regarded as a regulated market?Financial Instruments Market Act (ZTFI) does not define MTF as a regulated market, as this term is used within the framework of ZTFI only for the stock exchange market. In practice the MTF enables an organized, automated manner of trading.
Are companies which are listed on the SI ENTER market public companies?Companies listed on MTF are not public companies. A public company is a company which is listed on the regulated market (i.e. stock exchange market).
Does a member firm need to file a special request to the Exchange to gain access to the SI ENTER market?Access to the SI ENTER market is automatically enabled to all stock exchange member firms. An entity which is not a stock exchange member firm cannot be a SI ENTER member firm.
What are the trading costs of a member firm on the SI ENTER market?Transaction fees on the SI ENTER market are charged in the same amount as on the stock exchange market. Unlike on the stock exchange market, however, for the execution of transactions on the SI ENTER market the member firms monthly pay only for the actually achieved fees as the minimal monthly transaction fee is not charged on the SI ENTER market.
Can a member firm propose to the Exchange to list a certain share on the ENTER Basic segment after the implementation of the SI ENTER market?
A member firm may at any time propose to include a certain share on the ENTER Basic
segment. Should the Exchange assess that it is reasonable to list the share, this will be carried out and the public will be notified in advance.
Where can an investor gain more information on the SI ENTER market?More information on the SI ENTER market is available:
- On the webpage www.sienter.si, where in addition to basic information also the SI ENTER Rules are published.
- Through your chosen broker, who can provide you with investment recommendations.
- Information on issuers (listed companies) is available on the following locations: