15 years on from launch Bucharest Stock Exchange gets listed

Stere Farmache, chairman of the Bucharest Stock Exchange (BSE) calls the listing of the Stock Exchange the most important event in the institution’s 15-year history, arguing that the listing will fundamentally change the way in which the Stock Exchange relates to the market and to investors.

Today, 8th of June, is the first trading day for BSE shares on the Stock Exchange’s trading platform. This enables investors to sell and buy Stock Exchange shares under transparent and regulated conditions, which amounts to a bet on the trend of the local capital market. The 8th of June will be marked as a historical moment in the history of the Stock Exchange, alongside the change from a public institution to a joint-stock company and its merger with the RASDAQ market in 2005.

“The listing is one of the most important moments in the Stock Exchange’s 15-year history, alongside events such as replacing the trading system, the merger with the RASDAQ market, and the setting up of the Stock Exchange’s financial group, which includes the Central Securities Depository, the Clearing House and the Clearing Fund. The idea for the listing goes back to 2007 and belongs to some of the then members of the Stock Exchange Board, who enjoyed wide support from brokerages. The proposal was approved in principle 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 in 1995.