Sibex and the Clearing House posted €1 mln in profit

Yesterday, the Sibiu bourse managed to exceed the number of contracts signed in the whole of 2007, and management is hoping that market liquidity will rise by an annual 10 percent by year-end. The value of derivatives traded at Sibiu since the beginning of 2008 is estimated at €2.1 billion, slightly above the total value of transactions on the Bucharest Stock Exchange (BVB).

SIBEX’s management is expecting a 20-30 percent rise in the traded volume in 2009, and is counting on the launching of a spot market, which will become operational as of the first quarter of 2009.