How much brokers, Bourse and CNVM gained in four days since FP listing

Autor: Andrei Chirileasa 30.01.2011

The floatation of Fondul Proprietatea on the Bourse, on January 25, managed to give the market a boost and bring significant gains to all participants, from brokerages, to the BSE and CNVM. The 500m RON traded in four days on FP generated fees of around 2.5m RON.
FP in the first four days of trading on the Bourse managed to generate a record traded volume of above 500m RON (118m euros), the level generated by the entire Bourse in the last two months of 2010.
Taking into account each participant in FP deals supposedly paid brokerages an average fee of 0.25% in the transfer value, brokerages should have collected around 2.5m RON (590,000 euros) from these transactions.
Of the 2.5m RON collected by brokerages, around 810,000 RON (190,000 euros) reached the BSE's accounts, which, for each 100,000 RON traded on the market levies a fee of 117 RON (0.117%) from each seller and 45 RON (0.045%) from the buyer.
CNVM (National Securities Commission) also levies an 80 RON fee for each 100,000 RON traded on the Bourse (0.08%) from stock buyers. Thus, from the 500m RON transactions with FP shares, CNVM cashed in around 400,000 RON (94,000 euros).