Their price is formed according to supply and demand, while accrued interest is added at the end. Accrued interest on bonds linked to foreign currencies is expressed in their respective currency and is being calculated on the basis of the average fixing prices for the respective foreign currency during the last two days prior to the ex-coupon date. Electronic Trading Electronic trading became imperative due to the thin trading activity in the secondary market, that was the result of the open outcry system. The market was developed on the basis of Law 2533 which introduced provisions for the trading in the secondary market of fixed income securities. It will handle fixed income securities both in physical and in dematerialised form.
Banks also have access to the trading activity.