Stere Farmache, chairman of the Bucharest Stock Exchange (BSE)calls the listing of the Stock Exchange the most important event inthe institution's 15-year history, arguing that the listing willfundamentally change the way in which the Stock Exchange relates tothe market and to investors.
Today, 8th of June, is the first trading day for BSE shares onthe Stock Exchange's trading platform. This enables investors tosell and buy Stock Exchange shares under transparent and regulatedconditions, which amounts to a bet on the trend of the localcapital market. The 8th of June will be marked as a historicalmoment in the history of the Stock Exchange, alongside the changefrom a public institution to a joint-stock company and its mergerwith the RASDAQ market in 2005.
"The listing is one of the most important moments in the StockExchange's 15-year history, alongside events such as replacing thetrading system, the merger with the RASDAQ market, and the settingup of the Stock Exchange's financial group, which includes theCentral Securities Depository, the Clearing House and the ClearingFund. The idea for the listing goes back to 2007 and belongs tosome of the then members of the Stock Exchange Board, who enjoyedwide support from brokerages. The proposal was approved inprinciple by the Stock Exchange shareholders at the end of 2008,and was then followed by debates and talks," said Stere Farmache,chairman of the Bucharest Stock Exchange since its re-opening in1995.
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