Shares could be transacted on the Sibiu Monetary - Financial and Commodities
Exchange (BMFMS) if the institution's general shareholders assembly (AGA)
approves a proposal made by brokerage companies HTI Valori Mobiliare, Swiss
Capital and SSIF Broker. The Sibiu Exchange presently works only with
derivative instruments such as futures contracts and options on shares and
foreign currencies. Teodor Ancuta, the president of BMFMS, said the AGA
would also discuss the listing of the institution on another stock exchange.
"We cannot be credible to the issuers we want to attract on the stock
exchange if we fear being listed ourselves," shows a statement issued by the
three brokerage companies that hold more than 10 percent of the
institution's shares. Another topic that could be debated is the creation of
a special department that would promote the Sibiu Commodities Exchange and
find issuers that want to be present on the exchange. At the beginning of
May, the shareholders of BMFMS approved a general agreement for a merger
with the Bucharest Stock Exchange (BVB). "An operator with a high liquidity
rate is better than two exchanges transacting low amounts. When the merger
is completed, the liquidity could double or even triple to 40-50 million
euros per day," said Ancuta at the time. According to the BMFMS official,
the shareholders adopted the decision unanimously.
source
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