Boosting liquidity is a priority with the Bucharest Stock Exchange (BSE) in 2011, a target the management of the main bourse operator on the domestic capital market wants to hit by listing new products such as ETFs or REITs, as well as by upgrading its IT system so that foreign investors should have easier access to Romanian stock.
With monthly deals barely going beyond the 50m-euro threshold, the BSE has a lot of catching up to do against stock exchanges in the region, where monthly turnovers top 1bn euros, in the case of the Prague operator, or even 6bn euros in the case of the Warsaw Bourse.
Property Fund floatation, scheduled for January 25, will give the BSE the chance to get closer to neighbouring bourses in terms of liquidity, but is also generating the need for the domestic operator to fall into line in terms of the IT system and product range with regional players considering the Fund listing will bring a rising number of foreign investors.
"We want the BSE to be positioned between Prague and Warsaw in terms of traded volumes in two years. To this end, we're ready to introduce global trading accounts without pre-validation and short selling, for starters for FP stock and then, as brokers get ready, to expand them for all stocks in 2011. Also, we hope to have four or five new companies on the BSE and for investors to be able to invest in ETFs and REITs. (...)," said Valentin Ionescu, general manager of the BSE.
Boosting liquidity is a priority with the Bucharest Stock Exchange (BSE) in 2011, a target the management of the main bourse operator on the domestic capital market wants to hit by listing new products such as ETFs or REITs, as well as by upgrading its IT system so that foreign investors should have easier access to Romanian stock.
With monthly deals barely going beyond the 50m-euro threshold, the BSE h
