.jpg)
On June 16th 2009, the Derivatives Market operated by the Bucharest Stock Exchange (BVB) displayed new record levels since its launch in September 2007. Thus, the BVB Derivatives Market saw the highest number of futures contracts traded during one trading session, the highest open interest as well as the highest notional value of traded contracts.
These record levels were associated with the EUR/RON Futures contract for which RBS Bank Romania has been acting as Market Maker since April 28th 2009, for all the listed contract months (June 2009, September 2009, December 2009 and March 2010).
A total number of 1,177 currency futures contracts with a notional value of RON 5m (EUR 1.18m) were traded today, while the open interest for the EUR/RON Futures contract reached 1,355 (single-counted), an all-time high.
All trades were concluded for the June 2009 expiration date, while EUR09JUN became the most heavily traded futures contract on BVB, with a total number of 3,051 contracts traded so far, corresponding to a notional value of RON 12m (EUR 2.85m)
“Today’s trading session confirmed the increasing interest of both investors and intermediaries in the derivatives listed on BVB as well as the importance of Market Makers in the creation and consolidation of market liquidity”, declared Anca Dumitru, BVB General Manager.
