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How the Romanian bourse would look like if it went beyond the stone age

Autor: Adrian Cojocar

26.10.2010, 00:09 7

Bourse brokers and operators have grown bored with waiting forthe Romanian capital market to reach a development level thatshould allow them to introduce Romanian high-performing tradingproducts and have been importing an ever rising number of foreignsuccessful products that are easy to implement and that haveimmediately had the expected success with Romanian investors.

The absence of some instruments crucial for the development ofthe two Romanian bourses during this period, such as globalaccounts, margin trading and short selling, has pushed operators todevelop a parallel capital market over the past year, whichbenefits from all the advantages of mature bourses and is made fromproducts that already exist internationally.

The best example is that of the Dow Jones futures contract,which in less than a year from launch, has managed to become themost traded product on the Sibiu bourse (Sibex).

It is not only Sibex that has imported trading instruments, butthe Bucharest Stock Exchange as well, which has this year launchedstructured products, urged by Erste and Raiffeisen brokers.

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