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Bond Markets in Serbia: regulatory challenges for an efficient market

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The stock exchange Statute stipulates the scope of activities of the stock exchange: first, the organization of public tender of securities, which implies con- necting supply and demand for securities, and providing information relating to sup- ply, demand and market price of securities, as well as other data of relevance for securities’ trading. Another task of the stock exchange is to determine the securities’ price quotation lists and to make them public. The stock exchange itself cannot trade securities, provide advice related to trades, advise on choosing the brokerage/deal- ers’ society or the authorized bank, nor conduct activities specified as the activities of the brokerage/dealers’ society

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