Only one security could be traded at any given time. Thanks to the support of CARNET, the first Internet provider in Croatia, the Zagreb Stock Exchange has presented general information about the Exchange as well as regular daily trading reports with price movements on its official website since the beginning of 1995. The Zagreb Stock Exchange has kept this role to date. The first exchange of the Habsburg Monarchy was established in Rijeka for the purpose of trading in different sorts of sugar sold by the Rijeka refinery between 1750 and 1803. The first trading system on the Zagreb Stock Exchange required the physical presence of brokers, who were situated in a special room during an auction, directly submitting and shouting their bids to actually trade. Late in May 1999, the Exchange introduced the third generation of its electronic trading system: MOST. The trading systems used by the Zagreb Stock Exchange up until autumn 2007 were more than satisfactory for the state of development of the Croatian financial market at the time. The Association also spurred the establishment of the Commodities and Valuables Division in 1907.
Stock Exchange merged with the Zagreb Stock Exchange. Asian Stock Exchanges and also a corresponding member of the Federation of European Stock Exchanges. Since 1st January, 1895, Belgrade had had a separate Exchange that supported the expansion of Serbian capital to Croatia. Serbian coalition that saw Croatia and Slavonia as constituent parts of a new Southern Slavic state with a centre in Belgrade. Subsequently, it became common practice for each state to have no more than one exchange, so one such exchange was established in Vienna in 1771. At the time, the Zagreb Stock Exchange was the first stock exchange in Europe and among the first in the world to have an official website. Toward the end of 1992, the Zagreb Stock Exchange started conducting public auctions on behalf of the Croatian Privatisation Fund, using new auctions software support developed by the Exchange. Aleksander headed the division, which effectively launched the market in the stocks of local factories and financial institutions that major exchanges in Vienna and Budapest would not admit to trading.
Subscription to the system was available either through brokerage companies or directly from the Exchange. At the dawn of modern Europe, it was customary to establish exchanges at which prices were agreed and trading took place on the basis of samples. It enabled the monitoring of trade in real time on the Internet. Croatian regions were split between the Austrian and Hungarian part. The auction was run by an auction leader, with bids and offers and transactions entered into a computer so that all relevant data could be displayed on monitors positioned around the hall. Trade was order driven and for the first time a considerably larger number of securities could be traded simultaneously and every day. In 1994, an electronic trading system was introduced, enabling member brokers to trade on the Exchange via a telecommunications link without leaving their offices throughout Croatia. After the Habsburg Monarchy was divided into the Austrian and the Hungarian part in 1867, another exchange was also established in Budapest.
As the Exchange itself developed from a low trading volume to the current level, so did the technology used it. Brokerage companies that are Exchange members are connected with the Exchange head office via special telecommunication lines; they enter their sell and buy orders and conclude transactions with other brokers directly from their offices. The oldest exchange was founded in Amsterdam in 1602. Stream, was launched in autumn 2007 and was used untill July 2017. Anxious to profit as much independence as possible, Croatian businessmen were striving to form the fourth economic department, so they founded an Association of Industrialists and Merchants of Croatia and Slavonia under the auspices of the Chamber of Commerce. As a relatively young exchange, the Zagreb Stock Exchange had the opportunity to use the possibilities provided by modern technology to organize trading in order to make its operations more competitive and more readily available. Although they traded from their offices, members had a simple means of finding out what the supply and demand on the Exchange. Since their physical presence was no longer required as members could participate in public auctions directly from their offices, the costs were reduced considerably while the system also allowed a greater number of auctions to be held. It is designed for all investors, shareholders and those who still have to join their ranks, managers, analysts and anyone who wants fast, reliable and credible information on the current state and prices on the Zagreb Stock Exchange. Hungarian Compromise granted a certain level of autonomy to Croatia and Slavonia, even though not in the field of economy, trade and transport, which were governed by the government in Budapest.
Most importantly, it introduced automatic matching. Zagreb Stock Exchange as the central place of securities trading in the Republic of Croatia. At the very beginning, trading took place at big auctions held at the Exchange head office with all brokers actually physically present. For the first time, the system enabled members to trade directly from their offices, using a personal computer with a modem. Zagreb Stock Exchange via the OMX electronic trading system. In order to meet the need for an increasing number of Croatian Privatisation Fund auctions, early in 2001 the Exchange enabled the option to conduct these auctions through the MOST system. From July 7, 2017, trading on the Zagreb Stock Exchange takes place through the Xetra trading platform.
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