29 Aprilie 2009
Several Romanian banks want to be market makers on BSE derivatives
Several banks expressed the intention to become market makers on the derivatives traded on the Bucharest Stock Exchange, declared the BSE’s president Stere Farmache.
RBS Bank Romania started today operating as a market maker on the euro/leu pair and might enter the dollar/leu pair depending on the progress of these products, declared Cosmin Bucur, deputy manager of the RBS Romania Global Markets department.
RBS Romania is the first credit institution running operations with derivate financial instruments in the clearing settlement system of the Bucharest Compensation House (CCB), acting as an individual compensatory member and a discount bank.
The bank will secure at least 1,000 contracts both as bid and as ask. The maximum spread will be of 0.5 percent for the approaching maturing date, 1 percent for the second date, 1.5 percent for the third and 2 percent for the farthest date.
RBS Romania is the first credit institution running operations with derivate financial instruments in the clearing settlement system of the Bucharest Compensation House (CCB), acting as an individual compensatory member and a discount bank.
The bank will secure at least 1,000 contracts both as bid and as ask. The maximum spread will be of 0.5 percent for the approaching maturing date, 1 percent for the second date, 1.5 percent for the third and 2 percent for the farthest date.