Georgian Stock Exchange
- Company typePrivate
- Founded1999
- HeadquartersTbilisi, Georgia
- Headcount11–50
- GTM typeB2B
- OfferingServices
Georgian Stock Exchange firmographics
Firmographics- Name
- Georgian Stock Exchange
- Legal name
- Georgian Stock Exchange JSC
- Website
- https://gse.ge
- Company type
- Private
- Founded year
- 1999
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Georgian Stock Exchange industry classification
Industry- Product category
- Securities Exchange
- NAICS
- Securities and Commodity Exchanges (523210)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Regional / Local Stock Exchanges (FSAFAAAG)
- akta.pro secondary industry
- Agency & Supranational Bond Trading Platforms (FSAFACAD)
Keywords
Where Georgian Stock Exchange is headquartered
LocationHeadquarters
- HQ city
- Tbilisi
- HQ country
- Georgia
- HQ region
- Asia
Offices1 record
Markets served
Georgian Stock Exchange business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Infrastructure
Revenue model
- Listing Fees: Fees charged to companies for listing their securities on the exchange
- Trading Fees: Fees collected on securities transactions executed through the exchange trading system
- Membership Fees: Fees for broker-dealer membership and exchange participation
- Premium Subscription: Premium data package subscription providing real-time market data, reports, and email notifications - 50 GEL/month or 540 GEL/year
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Free | Standard - Free access with delayed data |
| Subscription | Monthly | Premium - 50 GEL/month or 540 GEL/year |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels4 records
Georgian Stock Exchange product offering
Product offeringCore offering
The Georgian Stock Exchange operates as Georgia's only organized securities market, providing an electronic trading platform where registered brokerage firms trade equities and bonds from workstations at the GSE floor or remotely from their offices. The exchange offers securities listing services under two categories (A and B), OTC trade recording, scheduled trading sessions in GEL/USD/EUR, and publishes market data including the GSX Index and capitalization statistics.
Product overview
Georgian Stock Exchange (GSE) operates as a single unified electronic trading platform for securities in Georgia. The platform offers securities listing services under A and B categories, an electronic trading system enabling broker-dealers to trade securities remotely, and OTC trade recording. The exchange provides two subscription tiers: a free Standard Package with delayed market data, and a Premium Package (50 GEL/month or 540 GEL/year) offering real-time data, securities quotes, and email report subscriptions. Dedicated portals serve brokers and issuers, with additional products including the GSX Index and comprehensive financial reporting services.
Differentiator
Problem solved
Functional benefit
Products and services
- GSE Trading System
Companies that use Georgian Stock Exchange
Customer profileNamed customers9 records
Segments3 records
Ideal customer profiles3 records
Georgian Stock Exchange technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Georgian Stock Exchange partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core and minor.
- USAIDcoreGSE was established with USAID support and operates within legal frameworks developed with assistance from American experts.
- Bank of GeorgiaminorDisplayed as partner on GSE website footer, representing banking sector market maker participation.
- TBC BankminorDisplayed as partner on GSE website footer, representing banking sector market maker participation.
- Cartu BankminorDisplayed as partner on GSE website footer, representing banking sector market maker participation.
- Capital BankminorDisplayed as partner on GSE website footer, representing banking sector market maker participation.
- Abbey Asset ManagementminorDisplayed as partner on GSE website footer.
- Alpha Capital AdvisoryminorDisplayed as partner on GSE website footer.
- National Bank of GeorgiacoreRegulatory oversight body for Georgia's financial markets, including securities regulation.
Scale indicators3 records
Recent moves5 records
Expansion highlights4 records
Georgian Stock Exchange competitors and assessment
Company assessmentBroad incumbents
- Euronext: Pan-European exchange operator covering equities, bonds, ETFs, and derivatives across multiple European markets. Relevant as a broad incumbent in the same exchange operator space that GSE operates in, though at vastly larger scale and with multi-country reach.
- Bucharest Stock Exchange: Principal exchange operator in Romania operating multiple markets including equities and bonds. Comparable as an Eastern European regional exchange serving a developing economy, though substantially larger and more liquid than GSE.
- Nasdaq Tallinn (Nasdaq Baltic): Operates the Tallinn, Riga, and Vilnius stock exchanges under the Nasdaq Baltic umbrella. Comparable as a regional European exchange operator with electronic trading infrastructure, though part of a much larger international group.
Direct peers
- Armenian Stock Exchange: Operates as the principal securities exchange in Armenia, a neighboring Caucasus country. Closely comparable to GSE in scale, frontier-market status, and monopoly position within its domestic market, with similar limited liquidity and small listed universe.
- Baku Stock Exchange: Primary securities exchange in Azerbaijan, another Caucasus jurisdiction. Directly comparable as a small regional exchange serving a frontier economy with a narrow listed universe and similar issuer/membership-based revenue model.
- Belgrade Stock Exchange: Main stock exchange in Serbia, a small emerging European market. Comparable in being a regional monopoly venue with limited listed securities and modest liquidity, serving a frontier/developing economy.
- Montenegro Stock Exchange: Small regional exchange in Montenegro serving a Balkan frontier market. Highly comparable in scale and operating context, with similarly limited listed securities and modest trading volumes.
Regional players
- Tashkent Stock Exchange: National securities exchange in Uzbekistan. Comparable as a frontier-market regional exchange with similar post-Soviet regulatory context, listed-equity focus, and limited liquidity.
- Kyrgyz Stock Exchange: Central Asian securities exchange serving Kyrgyzstan. Comparable as a small emerging-market exchange in a former Soviet state with similar regulatory heritage and modest liquidity, though geographically distinct from Georgia.
Emerging players
- Astana International Exchange (AIX): Emerging regional exchange in Kazakhstan developed with international partners. Comparable as a developing-market venue building electronic trading infrastructure and a listing franchise in a frontier economy, though with significantly larger scale and Western institutional backing.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks6 records
Key highlights6 records
Customer concentration
Georgian Stock Exchange social profiles
Digital presenceGeorgian Stock Exchange financial estimates
Financial estimateRevenue estimate
Valuation estimate
Georgian Stock Exchange leadership team
Management profileNumber of profiles
Profiles5 records
Georgian Stock Exchange funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Georgian Stock Exchange M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Georgian Stock Exchange
What does Georgian Stock Exchange do?
The Georgian Stock Exchange operates as Georgia's only organized securities market, providing an electronic trading platform where registered brokerage firms trade equities and bonds from workstations at the GSE floor or remotely from their offices. The exchange offers securities listing services under two categories (A and B), OTC trade recording, scheduled trading sessions in GEL/USD/EUR, and publishes market data including the GSX Index and capitalization statistics.
Is Georgian Stock Exchange a public or private company?
Georgian Stock Exchange is a private company. It is classified as unknown and is currently operating.
When was Georgian Stock Exchange founded?
Georgian Stock Exchange was founded in 1999. It employs 11 to 50 people.
Where is Georgian Stock Exchange based?
Georgian Stock Exchange is headquartered in Tbilisi, Georgia, in the Asia region.
How does Georgian Stock Exchange make money?
Four revenue lines are on record. Listing Fees are the primary driver. The others are trading Fees, membership Fees and premium Subscription.
Who are Georgian Stock Exchange's main competitors?
Broad incumbents on record are Euronext, Bucharest Stock Exchange and Nasdaq Tallinn (Nasdaq Baltic). Direct peers are Armenian Stock Exchange, Baku Stock Exchange, Belgrade Stock Exchange and Montenegro Stock Exchange. Regional players are Tashkent Stock Exchange and Kyrgyz Stock Exchange. Astana International Exchange (AIX) is listed as an emerging player.
Does Georgian Stock Exchange have an API?
No public API is recorded for Georgian Stock Exchange.
What industry is Georgian Stock Exchange in?
Georgian Stock Exchange's product category is Securities Exchange. Its primary akta.pro industry code is FSAFAAAG, Regional / Local Stock Exchanges, with a secondary code of FSAFACAD, Agency & Supranational Bond Trading Platforms. Its NAICS code is 523210 and its SIC code is 6200.