In a time when Romanian brokerage market is at the edge of survival, in the midst of a crisis that forces companies to look outside of their business for other profit making opportunities, Adrian Simionescu and securities division of Vienna Investment group have geared 75% of the financial and human resources towards the world’s greenest exchange: Bluenext, the leading environmental trading exchange in the world, founded by NYSE Euronext.
The most optimistic broker at the greenest market
For more than a year, the stock market has been facing some high volatility, investor confidence falling on a bear market while liquidity remaining feeble. Brokers were thus forced to look outside and seek new opportunities that could keep them afloat. The general trend indicated a positioning to external markets, as a mature and cash-generating alternative for investors.
In these circumstances, Adrian Simionescu, manager of Vienna Investment Trust, also known as the most optimistic Romanian broker, has found a market that combines passion for trading with care for the environment.
He is thus a full-right member of the world’s greenest exchange: Bluenext, the environmental trading exchange founded in 2007 by NYSE Euronext and state-owned French Caisse de Depots.
Bluenext enables trading of carbon dioxide and greenhouse gas emission, and offers spot and futures contracts through European Union Allowances and Certified Emission Reductions.
In an interview to Wall-Street, Simionescu said the membership process started in early 2008. The reason of this reorientation: the dire state of the Romanian financial market.
“The lack of a financial culture is visible now and relevant progress in financial markets come at a significant delay. In first quarter last year, we started the necessary process to access the developed markets. Access is limited, pl
