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Several Romanian banks want to be market makers on BSE derivatives

Several banks expressed the intention to become market makers on the derivatives transacted on the Bucharest Stock Exchange, declared the bourse president Stere Farmache.

RBS Bank Romania started today operating as a market maker on the euro/leu derivatives and might enter the dollar/leu rate 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 discount-compensation system of the Bucharest Compensation House (CCB), acting as an individual compensatory member and a discount bank.

The bank will insure 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.

The market maker is an individual participant designated by a bourse to maintain the liquidity and continuity in the transacting process. It also set the prices for transacted instruments and must transact at all times, even if there are no investors, to set quotas for bid and ask for each instrument.

 

Sursa: http://www.newsin.ro

Tags: market derivatives rbs euro

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