Bond trading differentiates brokers

Bond trading, though still low overall, is what distinguishes the top companies in terms of total transactions on the Bucharest Stock Exchange.

Within the classification drawn up in terms of the value of transactions in stock and bonds, the first two positions were held last month by Raiffeisen Capital & Investment and SSIF Broker. The gap between the two stood at 3 billion ROL. The securities firm owned by Raiffeisen Bank brokered transactions worth 207 billion ROL, while Broker arranged transactions standing at 204 billion ROL. In fact, the two brokers have shared the first two positions on the Bucharest Stock Exchange over the last three months.

Raiffeisen managed to surpass SSIF Broker last month due to the fact that it arranged transactions in bonds worth 62 billion ROL. Raiffeisen Capital & Investment last month accounted for 80.5% of the bond trading market, followed by ING Securities, with transactions amounting to 7.5 billion ROL and a market share of 9.7%.

SSIF Broker, headquartered in Cluj-Napoca, will be the first securities firm whose stock is listed on the Stock Exchange. The prospectus of the floatation of Broker through a primary public offering is currently in the hands of the National Securities Commission. Broker wants to issue new stock worth 58 billion ROL, accounting for a third of its current share capital. After the closure of the offering, Broker’s capital is set to reach 232 billion ROL.

Last month, bond trading amounted to almost 39 billion ROL, namely 3% of the total transactions concluded on the Stock Exchange.
vlad.nicolaescu@zf.ro