The former president of Sibex talked to "BURSA" about his plans for the future and - with a certain degree of detachment as can be seen - about the Sibiu exchange. The interview also discusses other hot topics such as the status of consultant Patrick Young in the near future, the relationship between Teodor Ancuța and his rival Cristian Sima - who was elected by the shareholders of Sibex as the new president - the outlook on the merger with the BSE. Mindful of details, Teodor Ancuța spoke about administrative matters, such as the headquarters of Sibex, the rental rates in the area and the number of people that would be needed to extend the trading schedule.

Reporter: This is a time for evaluations. Please draw the line and make a quick presentation: where did you begin and what have you achieved with the Sibiu Exchange?

Teodor Ancuţa: We started from scratch in April 1994, and then we created the commodities exchange. We had a share capital of 33.8 million lei, which was a fair amount at that time. That"s how we started. In 17 years, we built the Sibiu Exchange step by step in order to make into a respectable institution. We now have everything a major exchange operator has. We have a spot market, we have an ATS, we have derivatives, a Clearing House and a Depository. Each of these components was built with a lot of effort, and let"s not forget - with money from the shareholders. And that means that we had credibility in their eyes. Still, in this period of crisis, the shareholders have contributed 2.5 million Euros to increase the share capital, money which the depository needed. We are now an exchange that has all the components it needs. I said at the general shareholder meeting that 2010 was the best year for Sibex in terms of organization. We were the first self-listed exchange, we were the first to have an ATS. That"s on the spot market. @N_P