BT Securities - leader of the brokers ranking

Last month, for the first time since the beginning of this year, brokers working mainly with foreign investors did not fill the top spot in the ranking of brokers on the Stock Exchange. In July, the top position in the ranking went to the brokers at BT Securities, with a 31 million-euro volume of transactions, double against the previous month, and a 9.5% market share. However, this growth is due to the transaction worth 7 million euros by which Banca Transilvania bought back a 25 million-share stake from the group’s insurance company, BT Asigurari, in an employee retention programme. The operation was registered twice, given that BT Securities worked both for the buyer and for the seller. Without this transaction, the volumes of BT Securities would have been below those of the brokers at Raiffeisen Capital & Investment (RCI), ING Securities and BRD Securities, which generally dominate the top spots of the ranking, mainly due to transactions brokered for foreign investors. RCI came out second this time, with 29 million euro worth of transactions.