UniCredit Bank S.A.
Summary:
The Bucharest Stock Exchange (BVB) announced that will remove “Odd Lot Market”.
Tue, 04/11/2014
Starting December 2, 2014, all orders placed for execution at the Bucharest Stock Exchange (BVB), for all instruments traded on BVB, can represent any volumes that the investor wants to trade. This comes with the removal of the “Odd Lot Market” segment and with the elimination of any special requirements as to size of the orders, for all markets run by BVB. As a consequence, the execution segments remaining will be the current “Regular Market” and “Deal Market”.
Impact on investors: The Bucharest Stock Exchange wants to increase efficiency of the trading process by removing “Odd Lot market“ segment.