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BURSA E PENTRU OAMENI and starting from Monday, June 6, 2015, investors on the Bucharest Stock Exchange (BVB) will find easier counter party for trading shares of 11 companies in the brokers that joined BVB’s new program for Market Makers.
In the light of the new criteria of the program, Wood & Company Financial Services decided to be the first Market Maker for Transelectrica (TEL) shares, and Raiffeisen Centrobank started to be Market Maker, also, for Banca Transilvania (TLV) and BRD (BRD) shares.
The complete list of shares and the brokers that are Market Makers for them is in the table below:
|
Share
|
Super
Market Maker |
Classic
Market Maker |
|
Banca Transilvania (TLV)
|
· Wood & Company Financial Services
· Raiffeisen Centrobank (new) |
|
|
BRD (BRD)
|
· Wood & Company Financial Services
· Raiffeisen Centrobank (new) |
|
|
Bursa de Valori Bucuresti (BVB)
|
· IFB Finwest
|
|
|
Electrica (EL)
|
· Wood & Company Financial Services
· Raiffeisen Centrobank |
|
|
Erste (EBS)
|
· Raiffeisen Centrobank
|
· BCR
|
|
Fondul Proprietatea (FP)
|
· Wood & Company Financial Services
· Raiffeisen Centrobank |
· BCR
|
|
OMV Petrom (SNP)
|
· Wood & Company Financial Services
· Raiffeisen Centrobank |
|
|
Romgaz (SNG)
|
· Wood & Company Financial Services
· Raiffeisen Centrobank |
|
|
Ropharma (RPH)
|
· IFB Finwest
|
|
|
Transelectrica (TEL)
|
· Wood & Company Financial Services (new)
|
|
|
Transgaz (TGN)
|
· Wood & Company Financial Services
|
One of the most important component of this program is targeting to stimulate the clients of the MarketMaker to execute more intraday trades on the shares on which their broker is Market Maker.
As part of the new program and as an incentive for stimulating the liquidity, the Market Makers could receive incentives for the trades carried out on their account, if they fulfill certain obligations regarding the buy and sell orders they placed.
The new program brings also a new approach regarding the Market Makers, so a broker can choose whether it will be a Classic Market Maker, or a Super Market Maker for a certain share. The Super Market Maker will place trading orders (buy/sell) for a bigger volume of shares and for a more extended period of time than the ones placed by the Classical Market Maker, and it will pay half of the tradingfees applied to the Classic Market Maker.
The liquid shares of BET-XT index, as well as Erste Bank (EBS) and Ropharma (RPH) shares are theones for which a broker can act as Market Maker, but if requested, BVB can include on the list other shares from BETPlus index. BVB will assess, after minimum 6 months, the program in order to adjust/ extend it accordingly.
Thus, through this new feature introduced by BVB, investors will find easier a counter party whether they want to buy, or sell shares for which there is a Market Maker.
More information about the new program and the parameters for Market Makers can be accessed onBVB’s website.
