Romanian investors ask brokers for international shares

Two of the largest Romanian retail brokerage firms, BT Securities and Estinvest in Focsani, asked and managed to obtain the registration of international shares with the Stock Exchange’s Depository in order for Romanian investors interested in such acquisitions to know their shares are safe.

Foreign shares registered with the Central Depository at the request of brokers could be traded on the Stock Exchange’s yet to be introduced alternative system (CAN), which received the approval of the CNVM (National Securities Commission), a system that also has a category dedicated to international companies.

“We are getting ready and have taken the first steps. However, the system will not be so easy to set into motion because international transactions are conducted through global accounts. The project for the Stock Exchange’s ATS (alternative trading system) started two and a half years ago. When the Stock Exchange’s ATS is launched and tested, we will use the system for trading. Up until then, we can make a business plan. The idea seems interesting, share registrations are starting, we ourselves registered the latest two shares to be requested by a client,” said Rares Nilas, general manager of BT Securities.