Extended trading program on Bucharest Stock Exchange

The Bucharest Stock Exchange (BVB) decided to align to Europe’s major stock exchanges trading program which ends at 18:00 p.m. EET, according to a BVB’s release. BVB will extend therefore the trading program for the following financial instruments of the regulated spot market – shares, fund units and rights, from 16:45 to 18:00 p.m. starting January 3, 2014 when the first trading session of the next year is scheduled. ASF (the Financial Supervisory Authority) approved this change last week.        

“By extending the trading hours, BVB sends a clear message to international community that Romanian capital market took a first step to open to the world. 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.”, Ludwik Sobolewski, the CEO of BVB, said.

The decision concerning the extension of the trading hours is included in its three pillar development program, one of which focusing on finding new ways and mechanisms to enhance visibility and accessibility of the capital market. By adding an extra hour to the trading program, it is aimed to facilitate investors’ access to BVB it is showed in the same press release.