New BVB Programme Seeks to Stimulate Trade Volumes
by
Andy Traveller
Bucharest Stock Exchange (BVB) wants retail investors to trade. The most recent solution targets the reduction of trading fees.
Starting from today (6 July), the Bucharest Stock Exchange (BVB) will be piloting a new programme for Market Makers in a bid to stimulate trading activity. Specifically, the Romanian bourse has introduced a “revenue sharing scheme”, which essentially amounts to discounted fees for market makers that facilitate a requisite (high) volume of trades according to set parameters.
The programme is part of the larger strategic agenda of BVB, which includes developing the local capital market, enhancing Liquidity and increasing the availability of capital market products. Ultimately, the Eastern European exchange is vying to be upgraded from Frontier to Emerging Market status. The strategic agenda includes measures to streamline regulatory processes and increase efficiency within the pre-trade, trade and post-trade environments.
Under the new scheme, certain registered market makers will receive benefits based on the amount of liquidity they provide to their accounts. The intention is that traders will be encouraged to execute more intraday trades on the shares on which their broker is market maker.
The programme comprises of two new categories of money makers, Classic Market Maker and Super Market Maker, each with different standards, requirements and consequent benefits.
Namely, “The Super Market Maker will place trading orders (buy/sell) for a bigger volume of shares and for a more extended period of time than the ones placed by the Classical Market Maker, and it will pay half of the trading fees applied to the Classic Market Maker”, according to the BVB press release.
Firms (brokers) are therefore able to register as one of the two new categories of market makers for 26 of the 83 companies listed on the exchange. After a minimum 6 months, BVB will assess the program in order to adjust/ extend it accordingly.
Starting from today (6 July), the Bucharest Stock Exchange (BVB) will be piloting a new programme for Market Makers in a bid to stimulate trading activity. Specifically, the Romanian bourse has introduced a “revenue sharing scheme”, which essentially amounts to discounted fees for market makers that facilitate a requisite (high) volume of trades according to set parameters.
The programme is part of the larger strategic agenda of BVB, which includes developing the local capital market, enhancing Liquidity and increasing the availability of capital market products. Ultimately, the Eastern European exchange is vying to be upgraded from Frontier to Emerging Market status. The strategic agenda includes measures to streamline regulatory processes and increase efficiency within the pre-trade, trade and post-trade environments.
Under the new scheme, certain registered market makers will receive benefits based on the amount of liquidity they provide to their accounts. The intention is that traders will be encouraged to execute more intraday trades on the shares on which their broker is market maker.
The programme comprises of two new categories of money makers, Classic Market Maker and Super Market Maker, each with different standards, requirements and consequent benefits.
Namely, “The Super Market Maker will place trading orders (buy/sell) for a bigger volume of shares and for a more extended period of time than the ones placed by the Classical Market Maker, and it will pay half of the trading fees applied to the Classic Market Maker”, according to the BVB press release.
Firms (brokers) are therefore able to register as one of the two new categories of market makers for 26 of the 83 companies listed on the exchange. After a minimum 6 months, BVB will assess the program in order to adjust/ extend it accordingly.
EU Parliament Imposes €10,000 Cash Payment Limit in New Anti-money Laundering Legislation
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
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Don't miss out on this 5-second invite packed with energy and urgency!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
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Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
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