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25% of Stock Exchange transactions carried out through online platforms

28.06.2010, 20:58 13

Transactions carried out on the Stock Exchange through onlineplatforms made available by brokerages topped 120m euros in thefirst quarter, out of a total turnover of around 500m euros on theentire market. Romanian investors are ever more tempted to takeinvestments in their own hands and carry out transactions on theStock Exchange on their own through online trading platforms. Intheir turn, brokerages are trying to take advantage of this trend,rushing to launch new products targeting online clients. Theoutcome is that in the first quarter, for instance, transactionsconducted through online platforms accounted for around one quarterof transactions handled by brokerages, according to a surveycarried out by ZF among the largest retail brokerages domestically.Taking into account an average 0.5% fee, online transactionsgenerate revenues of 200,000 euros for brokerages every month.Brokerages, however, are betting on solid growth on this marketsegment, as most new clients prefer conducting their transactionson their own. According to data provided by brokerages, over 10,000investors currently have online accounts, out of a total of 90,000active investors registered with the Central Depository.

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