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RBS Bank (Romania) SA was granted the Market Maker status for the EUR/RON Futures contract traded on the BVB Derivatives Market. RBS Bank (Romania) SA is the first credit institution authorized as a Market Maker on a currency futures contract listed on the Romanian capital market.
The minimum liquidity requirements applicable to the trading of the EUR/RON Futures contract through a Market Maker are included in the Appendix to the present press release.
Furthermore, the credit institution was authorized by the Bucharest Clearing House (CCB) to act as an individual clearing member and settlement bank, thus making RBS Bank (Romania) SA the first credit institution to carry out operations involving financial derivatives in the Clearing- Settlement System operated by CCB.
The partnership between the BVB Financial Group and RBS Bank (Romania) SA to act as a Market Maker for the EUR/RON Futures contract is meant to create and further enhance the liquidity of the Derivatives Market, to the benefit of investors- both individuals and companieswhishing to hedge against exchange rate fluctuations.
The date when RBS Bank (Romania) SA starts operating as a Market Maker on the Derivatives Market will be announced shortly. On this date, the “Derivatives Market Makers Offer: 20% - 30%” will come into force, offering market makers registered on currency futures discounts of 20% and 30% to the monthly invoice payable to BVB for Spot Market transactions.
Click here to view the minimum requirements applicable to Market Makers for trading the EUR/RON Futures contract.
