BELEX.info
Information Distribution Service
User Manual
Version 1.3
Belgrade Stock Exchange, April 2008
This document contains information which is property of the Belgrade Stock Exchange and is
not to be reproduced, copied, printed, published, sold nor distributed without the written consent of
the Belgrade Stock Exchange.
Version
1.0
1.1
1.2
Date
18.02.2005
17.10.2005
03.03.2008
1.3
14.04.2008.
Changes made
BELEX15
Number of securities on the Main Board
increased from 30 to 60
Depth added
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CONTENTS
1. BELEX.info Front Page …………….......................................................................................................
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1.1. About This Manual ..............................................................................................................................
4
1.2. A Short Description of BELEX.Info Service .....................................................................................
5
1.3. BELEX.Info Service Components ....................................................................................................... 5
1.4. Logging-In .............................................................................................................................................
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1.5. Main Board ...........................................................................................................................................
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1.5.1 Characteristics of the Main Board................................................................................................ 6
1.5.2 Description of the Main Board’s Columns.................................................................................
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1.5.3 Setting Up the Main Board .........................................................................................................
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1.5.4 Choosing Securities ......................................................................................................................
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1.5.5 Choosing Columns ........................................................................................................................ 7
1.5.6 Styling.............................................................................................................................................
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1.6. Details of Securities ..........................................................................................................................
8
1.7. Prospectus .........................................................................................................................................
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1.8. BELEX 15............................................................................................................................................
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1. BELEX.info Front Page
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1.1.
About This Manual
The primary purpose of this Manual is to give users basic information about the BELEX.info service
and to prepare them for the use of this service, as well as to answer any potential questions they may
have. The Manual gives answers to the questions how can user access the system, how to receive a
username and password and how to use them, how to adjust Main Board and securities display to
accommodate their needs. BELEX.info provides to all users real-time data on up to 60 selected
securities simultaneously. If the investor chooses to view other companies which are not on their list
they can change the list very quickly and simply.
All required trading data is available in the real-time, so the user is able to see the following: Price,
Volume, Present Bid and Offer Prices, Best Bid and Offer, Open, High and Low Price, Change from the
Previous Day Closing Price, the Price Trend. The subscriber is also able to see the market depth for the
selected securitiy, up to 5 bid/ask positions, company’s P/E, P/B, market cap, 52- week high and low
price, number of shares issued, when the shares were first quoted on the exchange, access the
companies short prospectus and a graph of the intraday trading activity (price and volume).
For debt instruments, the subscribers are also able to see yields and nominal values.
1.2. A Short Description of BELEX.info Service
BELEX.info is internet based service of the Belgrade Stock Exchange which provides real-time
distribution of trading data from the Belgrade Stock Exchange. Data is distributed real-time, along with
the market depth information for the selected security and a graph overview of the price changes
throughout the day.
1.3. BELEX.info Service Main Components
Main components of the BELEX.info service are the Main Board which contains detailed information
on all traded securities, including level 2 information; a link to the issuer’s prospectus which is located
on the Belgrade Stock Exchange website – www.belex.co.yu; a ticker showing real-time prices and
changes in price and fluctuations; graphical overview of securities.
1.4. Logging-In
To log-in, the subscriber must follow instructions given by the BSE. The first step is filing out the
registration form, where the username is chosen and forwarding this to the BSE. Then after payment
for the services is made, the subscriber will receive a password from the BSE. So once the password is
received the subscriber goes to www.belex.info, type in his/her username and password and enter into
the Main Board.
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1.5. Main Board
1.5.1. Characteristics of the Main Board
The Main Board is the most important part of the BELEX.info as it gives real-time data for all securities
which the subscribers selected. So, after logging-in, the subscriber will automatically be forwarded to
the main page, on which, the Main Board and the Ticker are located.
The Ticker, which continuously scrolls from left to right, shows both the real-time price and the
percentage price change in comparison to the previous day’s closing price for all exchange traded
securities. The font of bonds is blue colour while equities are black and the colours do not change based
on price fluctuations.
If the price of a security rises, in
comparison to the previous day’s
closing price, there is a green
arrow pointing upwards and both
the price and change in price will
be green. However, if the price of a
security happens to fall, then there
is a red arrow pointing down and
both the price and change in price
will be red. As previously stated,
the maximum number of securities
that can be selected is 60 and the
subscriber is also able to select
which columns to view.
Subscribers are able to sort all data
which the Main Board offers as
they choose just by clicking on the appropriate column. So, with one click, data can be sorted either in
ascending or descending order and back again.
1.5.2. Description of the Main Board’s Columns


Symbol – symbol of a particular security
Price – last traded price (for debt securities this is the percentage of the nominal value at which
the bonds are being traded while for equities it is the price per share in Dinars)
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Change – absolute change of the price in relation to the closing price of the previous trading
session
Best Bid – the highest price which someone is presently offering to pay for a security
Total Best Bid – the total quantity of securities being demanded at the Best Bid price
Best Ask – the lowest price which someone is presently offering to sell a security for
Total Best Ask – the total quantity of securities being supplied at the Best Ask price
Sum Bid – total number of securities for which outstanding buy orders exist
Sum Ask – total number of securities for which outstanding sell orders exist
Volume – days total volume traded
Open – the first price during a trading session at which a transaction was made
High – the highest traded price during the trading session
Low – the lowest traded price during the trading session
Trend – the absolute change in price compared to the previously concluded transaction
Daily Price Range – the range of prices for which the shares can trade during the day (this is
related to the previous days closing price)
Phase – the trading phase the market is currently in
1.5.3 Setting up the Main Board
Subscribers can customize the appearance of the Main Board in order to fit their needs. So that they can
at all times select which securities to view (max 60), as well as columns to view and also sort data in
either ascending or descending order depending on the column chosen.
1.5.4 Choosing Securities
In order to view desired securities, the subscribers must previously click on the link “securities” which
is located in the upper left corner of the on the Main Board. Once inside this, the subscribers must
search for securities which they want to view on the Main Board. This is done by entering either the
first letter or number for the company in question or “---” so that all securities traded on the BSE are
listed. After this subscribers can further simplify their search by either selecting “--All Securities”, or
only previously selected securities or “securities traded today”.
After this subscribers must check the
window next to the name of the
security in the column titled
“selection”, in order to add it to the
basket of securities which are to be
viewed. After this, subscribers must
click “accept” which will allow the
security to appear on their Main
Board.
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The “reset” button will return subscribers to the default view which holds only securities previously
selected. After selecting the desired for securities, they return to the Main Board by clicking «Table»
which is located on the top left-hand corner so that Main Board change once the new selections are
made.
1.5.5. Choosing Columns
Securities are represented on the
Main Board, in columns that can be
customized to fit the subscribers’
needs. Clicking on “columns”
displays a list of all 14 available
columns (the Symbol and Price
columns appear automatically).
After selecting preferred columns,
and clicking “accept”, and then
clicking “Main Board” (located in
the lower right-hand corner),
subscribers are returned to the Main
Board, and only selected columns
are active.
1.5.6 Styling
Subscribers can adjust visual
appearance of the Main Board
according to their preferences, by
changing the colour of the page
background so as to make easier
to view rows. They can also set
the colour of the table borders.
The Ask column is always in a
reddish colour while the Bid
column is always in the bluish
colour in the Bid column. Also, subscribers can choose background colour for the display when the
market is closed, text font and size and font colour. After setting visual characteristics of the Main
Board all which the subscribers must do is click on the “Save” button, and then on the “board” button
to return to the Main Board.
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1.6 Details of Securities
In order to see details about a specific security, all that subscribers have to do is to click on chosen
security on Main Board (the colour of the row of the security will automatically turn blue) and then
click on the link “Detail of Securities”. After this, on the bottom of the page details of that security will
appear along with the Depth chart and Intraday graph with prices and volumes information, if the
selected security is traded on the continuous market. The red line on the graph represents the intraday
prices of the security while the blue bars represent intraday traded volumes (in number of securities).
“Securities details” contain the following data for equities:
 Symbol and full name of the traded security
 ISIN number
 Depth chart with a market depth for the selected security, by prices, up to five best bid/ask
positions and quantities for the said bid/ask prices
 Total number of shares issued by the company
 Date of the first trading session for the specified shares on the BSE
 Code and name of the industrial sector of the issuer
 Market capitalization of the company
 P/B ratio (ratio showing the shares market value in relation to its book value)
 P/E ratio, (ratio which shows the shares market value in relation to its earnings per share)
 52 Week High Price and the date when the highest price was reached
 52 Weeks Low Price and the date when the lowest price was reached
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“Securities details” contain the following data for debt:
 Symbol and the full name of the traded security
 ISIN number
 Depth chart with a market depth for the selected bond, by prices, up to five best bid/ask
positions and quantities for said bid/ask prices
 Nominal value
 Bonds annual yield
 52 Week High Price and the date when the highest price was reached
 52 Weeks Low Price and the date when the lowest price was reached
 Date of the first trading session for the specified shares on the BSE
 Maturity date
1.7 Prospectus
Subscribers of the BELEX.info service can promptly and easily access the prospectus of a company, as
all which they have to do is select and highlight the company in question and click on the button
„Prospectus“. A new window will open containing the prospectus of the company.
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1.8 BELEX15
User of the BELEX.info service can access graphic presentation together with data concerning the latest
value of Belgrade Stock Exchange index in the real time, by activating the link BELEX15 from the main
table.
The purpose of the index is to measure changes of prices of shares (price index), on the regulated and
unregulated market, traded by continuous method, which have previously fulfilled the criteria for
inclusion into the index basket. Index BELEX15 is primarily designed for the improvement of the
investment process, by measuring performance of the most liquid segment of Serbian capital market,
as well as through possibility of comparing the potential investment strategies with index. The index is
expected to bee analytical tool for portfolio managers, professional analysts, experts, investors, as well
as for all persons who are analysing dynamics of the price movements on this market.
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After activating the link the following window will open:
Data concerning daily movements of the index are presented above the graph:
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Value – the last index value
Open – index value at the opening
High – the highest index value
Low – the lowest daily value of the index
Change – change of the index value compared with closing value of the previous day
Trend - change of index value compared with previous value
Graphic presentation is automatically updated, in equal time periods. In the case that shorter time
periods for updating are needed, user should activate taster “update presentation”.
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Data concerning components of the index basket are below the graphic presentation:

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
Issuer and its symbol in BELEX
Quantity - total number of issued shares of the issuer
FFC- Free float factor is percentage in the free float, which is publicly accessible to potential
investors.
% - percentage of participation of the each individual security in the index basket on the day
after the review.
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