New BVB CEO’s main goal: to make the stock exchange reach its maximum potential in terms of turnover

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Bucharest Stock Exchange (BVB) will keep on developing the infrastructure and the environment to reach its maximum potential so that Romania is promoted to the Emerging Market status as a consequence of these developments, Adrian Tanase said at the first press conference held as CEO of BVB.

According to him, the first direction comes from listings, meaning from the increase in the number of listed companies.

”To have increased turnover, we must have listed companies and that is why this process is very important. Without new companies going public, whatever we do, as a trading platform, we have limited potential. The second dimension refers to market access for investors: any investor, Romanian or foreign, should be able to trade on our stock market. If there is an investor who cannot trade, then this limits the trading potential. Any barrier to trading on BVB must disappear. The third dimension, very important, is the opportunity to trade “investment ideas”. We need a central counterparty clearing house (CCP), short-selling activity and the derivatives market. These are only a few examples that will contribute to the development of our stock market,” the new BVB’s CEO said.

“Promoting to the Emerging Market status will be a consequence of all these measures to increase turnover,” Tanase stated.

As far as the relationship with the entrepreneurs is concerned, the stock exchange will continue to develop this relationship, the project “Made in Romania” project being extremely relevant in this respect.

Moreover, Tanase noted that the stock exchange is being advertised as a financing option.

”The new message we would like to pass on is that the stock exchange is the place where business transparency translates into money,” Tanase also said.

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