The status of Nominated Adviser is an institution established by the Budapest Stock Exchange, which has the exclusive right to issue public securities to companies entering the Xtend, the market operated by the BSE.
Xtend is a new market explicitly specialized on SMEs, where entrants, while de-facto enjoying all the benefits of being a listed company, face significantly simplified requirements and lower entry costs compared to the traditional trading process. In addition, the costs of entering the market are further reduced by the special financial support system made available by BSE.