Banca Comerciala Romana (BCR), controlled by Austrian groupErste, has launched its own online trading platform, which providesretail investors with access to the Bucharest, Vienna, andFrankfurt stock exchanges.
BCR is the second big broker to have launched an online tradingplatform dedicated to small investors in the past year, afterbrokerage KBC Securities, former market leader in 2008, shifted itsfocus to retail as early as 2009, in the absence of biginstitutional investors.
Last autumn, BCR brought its brokerage services in-house, whichwere taken over by the trading department of the BCR. In the firsthalf of this year, BCR brokered stock exchange deals worth 322.4million RON (almost 80 million euros), ranking 13th in the annualranking of brokers.
"BCR Broker trading platform provides investors with access toinvestments in shares, bonds, and certificates listed on theBucharest, Vienna, and Frankfurt stock exchanges. In autumn we willalso launch online platform BCR Trader, for trading gold, spotsilver, and CFDs on the Forex market. The two platforms areintegrated into an investment portal where investors can get theinformation they need and access various analyses and tutorials,"said Sorin Mititelu, business and retail products developmentmanager of BCR.
Erste Bank, majority shareholder of BCR, is the first issuer ofstructured products on the Romanian market, after yesterday, July8, was the first day of trading on the Bucharest Stock Exchange ofindex and turbo certificates issued by the Austrian bank.
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