Sibiu bourse and Clearing House posted €1.3 mln in profits

“In 2007, CRC and the bourse had profit worth €50,000 per employee. Some 3.5 million deals were closed on the futures market and we hope that, by the end of 2008, the number of deals closed on the futures market will reach seven million,” said the President of BMFMS, Teodor Ancuta.

Bourse representatives announced that, as of Friday, currency market makers will operate on BMFMS, increasing market liquidity. Market makers are companies trading certain assets both as buyers and sellers, thus increasing liquidity and lowering volatility of a market.

Furthermore, BMFMS plans to launch its share market this year and plans to attract, through initial public offerings (IPOs), some €10 million. The new market will be launched in collaboration with the Warsaw Stock Exchange, which plans to gain control over the Sibiu bourse operator.