Last year saw the Budapest Stock Exchange continue the implementation of its strategy for 2016-2020: a new market focusing on SMEs, Xtend, commenced operations; the BSE’s analytical/market-making programme was successfully rolled out; ten Hungarian companies joined the ELITE company development programme launched in cooperation with the London Stock Exchange; and the Hungarian Exchange set up the Budapest Institute of Banking, its new educational subsidiary. The massive rise of the BUX remained unbroken for the third consecutive year, and cash equity market turnover (perhaps the most important indicator of exchange performance) also increased at an outstanding rate over the past year. UBM became a publicly traded company, and Masterplast and OPUS stocks became premium-category securities. With the listing of Waberer’s, the Hungarian capital market celebrated its largest IPO of the past 20 years. In 2017, the BSE also introduced three new mortgage bond indexes that are unique even by regional standards. Nonetheless, 2017 for the BSE was primarily about introductions to and negotiations – as well as establishing relations – with medium-size companies potentially ready to be admitted to the exchange.