In an interview with BURSA, (with several interruptions to check the quotes on the screen), Alexandru Elian, the president of brokerage firm "Delta Valori Mobiliare", speaks about the benefits that Sibex has over forex platforms, as well as about the failure of the Sibiu Exchange and of brokerage firms to convince investors about these benefits. The head of the brokerage firm also discussed several touchy issues such as the management of the Exchange, the expectations of the General Shareholder Meeting at the end of the week, as well as the situation of the Greek debt or the evolution of the shares of the "Proprietatea" Fund.
Reporter: "Delta Valori Mobiliare" is a market-maker for the EUR/RON and oil contracts on the Sibiu exchange. We have seen a recovery in the volume of these contracts over the last trading sessions ... Is this temporary, tied to the evolution of oil on the international markets or are there other factors that influenced it?
Alexandru Elian: The bid-ask spreads are now lower, almost half of what they were before, and thus, they are now far more attractive. Oil is one of the financial instruments that fluctuate very heavily and if one interprets the direction of the move correctly, one can make substantial gains.
Reporter: We don"t see too many intermediaries beating a path to become market-makers ... What are the reasons behind this "reluctance"?
Alexandru Elian: It is a very specialized activity that one needs to take on, and which requires both equipment and financial resources.
I would expect one to need about one million Euros ... We are currently doing arbitrage on two markets, we will expand the activity of market maker to other instruments as well, as they get listed on the Sibiu Exchange, we will probably become market-makers for several instruments.
Reporter: Which instruments are currently miss
