On December 4, during the ministerial council of the OSCE (Organization for Security and Co-operation in Europe), the foreign ministers of Luxembourg and Serbia signed a memorandum of cooperation on a project to develop a backup site (Disaster Recovery Site) for the Belgrade Stock Exchange. This project was made possible with the financial assistance of the Luxembourg government.

The Luxembourg Stock Exchange welcomed this cooperation with the Luxembourg government, which allows it to make available, in particular to countries aboard, the expertise it has acquired in advanced IT systems.

This project will be implemented by the Luxembourg Stock Exchange and the costs will be borne by the Luxembourg government. It involves the setting up of a backup site (Disaster Recovery Site) which would ensure the smooth functioning of the Exchange in case of an incident.

The creation of a backup site follows two previous projects carried out by the Luxembourg Stock Exchange for the Belgrade Stock Exchange, the first in 2003 and a second covering the period 2005-2008.

The first project between the two exchanges covered the installation of a remote access network allowing direct transmission of trading orders from banks and brokers. This network has contributed to greater efficiency. The second project involved the establishment of a system for trading and dissemination of market information.