Bucharest Stock Exchange (BVB) announced through a press release published on 28 November 2013, that as of 3 January 2014, BVB will extend the trading program for the following financial instruments of the regulated spot market: shares, fund units and rights. The trading session at Bucharest Stock Exchange will end at 18:00 local time (CET+1).
The new trading program (local time) will be as following:
|
Type of Financial instrument |
Market |
Pre-opening |
Continuous Trading |
Pre-Closing |
Closing |
Closed |
|
Local Shares and unit funds |
REGS |
09:30-10:00 |
10:00-17:55 |
17:55-18:00 |
18:00 |
18:00 |
|
DEALS |
|
10:00-17:55 |
|
|
17:55 |
|
|
ODDS |
|
10:00-17:55 |
|
|
17:55 |
|
|
International Shares |
RGSI |
09:30-10:00 |
10:00-17:55 |
17:55-18:00 |
18:00 |
18:00 |
|
DLSI |
|
10:00-17:55 |
|
|
17:55 |
|
|
Local Rights |
ORDR |
09:30-10:00 |
10:00-17:55 |
17:55-18:00 |
18:00 |
18:00 |
|
DEALR |
|
10:00-17:55 |
|
|
17:55 |
|
|
International rights |
ORDRI |
09:30-10:00 |
10:00-17:55 |
17:55-18:00 |
18:00 |
18:00 |
As stated in the BSE press release, “the extension of the trading program is part of the BVB three pillars development program, one of which being to find ways and mechanisms to innovatively enhance the visibility and accessibility of the capital market”.
According with Mr. Ludwik Sobolewski, the CEO of BVB, extending the trading hours represents the BSE clear message to the international community that the “Romanian capital market took a first step to open to the world”. Mr. Ludwik Sobolewski stated that: “This will be followed by other projects that BVB has in pipeline, as part of a move that could pave our way towards the emerging market status. I take this opportunity to thank Financial Supervisory Authority for their cooperation in the efforts of modernizing the capital market.”
Impact on investors: The new trading program is meant to facilitate the investors’ access to BVB