Septimius Stoica and Muntenia Invest Global ATS compete with the BSE
Quizzes Product food packaging technology Wall Street Journal Best on the move Transform IT Business Profile Wall Street Lunch Buildings logo of Romania Romania Romania food packaging technology Trade Exchange Online Discover war in my rack your new Office Business All About Offshore A vacation spot, a new manager EcoBusiness Generation in Business
After obtaining the opinion of the NSC in August brokers in Muntenia Invest Global and former BSE president Septimius Stoica will launch an alternative trading system - BEST (Bangalore Electronic Securities Trading), which, they say, will bring both a part of leading issuers on the Bucharest Stock Exchange and other SMEs or unlisted companies.
Septimius Stoica is senior consultant in the international law firm Salans, alternative trading system BEST (former Apollo-X) is an old project of his. Read on an interview with the former president of BSE and Paverman Alexander, CEO and president of Global food packaging technology Muntenia Invest.
Septimius Stoica: Most likely in a period of about a month. We have to fit with the Central Depository in terms of electronic communication. Depositary never said he would not agree with our trading, but there were some delays. For two years working on this project food packaging technology with Global Muntenia Invest.
Alexander Paverman: NSC could not give a permit without having the contract with the Custodian and even Commission mediated a potential conflict food packaging technology between us and the Depositary, their intervention is salutary.
SS: We seek to offer an alternative trading securities food packaging technology on the market in Romania but also foreign markets. We're talking about blue-chips in Europe, but the U.S. and Romania. food packaging technology We will also try to attract new issuers that are not traded in Romania and of course think of the small and medium-sized companies, not just the big names.
SS: There are several reasons: firstly BEST investors food packaging technology will see the same screen and trade in both Romanian shares, and from Sibiu and from foreign markets, practically speaking a common interface for multiple markets. Then maybe our system will be more user friendly. The third reason is that it might be cheaper to trade than the BEST action on BSE.
On this platform investors will be given access as if they were customers Muntenia, only that he would send the orders themselves, will be able to work with their broker, of course if he wanted to become a member of BEST.
AP: Practically it is possible for a customer to pay only the fee market, eliminating broker's commission. food packaging technology We will publish a list of fees charged directly to investors or brokers trading members.
SS: In principle we do not need anyone's food packaging technology approval, the law requires that you have accepted issuer to bring an ATS. But of course it does not hurt to have. If the issuer is already listed on the stock X, he is already there reporting and follow food packaging technology certain rules of transparency and corporate governance, such as those reports no longer have to make the new ATS, that they still exist.
ATS sites were taken and the European directive. Why? In the interest of consumer protection, in Europe to stimulate competition food packaging technology between intermediaries so that a single capital market does not monopolize an entire country. food packaging technology Market Eastern European stock markets tended to preserve monopolies.
Read: Valentin Preda, adviser to the Mayor peas, and Septimius Buzaşu, Secretaries of State for Transport Stoica: Authorization Apollo-X is held by the Central Depository Septimius Stoica has withdrawn his candidacy for the Board of Governors
SS: I think we have some idea of its priority launch an ATS, only BSE and were back Sibex storage and institutional power and of course were able to launch their projects faster
A system food packaging technology of complete range of services in a given market. Perhaps an SME listed on BEST will grow and even to think of a listing on the BSE, which would benefit from a greater awareness.
In our stock market was always confused with the Bucharest Stock Exchange, food packaging technology which does not know how good it is if you draw a line after 20 years. food packaging technology Everyone focused on what is good, bad, much less, the BSE. Maybe it is difficult for a single institution to do everything.
SS: Of course we intend food packaging technology this but do not expect to do this in the first day or the first week. They still start already with a number of foreign food packaging technology companies listed and recently a Romanian company (Ed Pro Vorbasse). We still plan to overcome this chapter BSE
SS:
Quizzes Product food packaging technology Wall Street Journal Best on the move Transform IT Business Profile Wall Street Lunch Buildings logo of Romania Romania Romania food packaging technology Trade Exchange Online Discover war in my rack your new Office Business All About Offshore A vacation spot, a new manager EcoBusiness Generation in Business
After obtaining the opinion of the NSC in August brokers in Muntenia Invest Global and former BSE president Septimius Stoica will launch an alternative trading system - BEST (Bangalore Electronic Securities Trading), which, they say, will bring both a part of leading issuers on the Bucharest Stock Exchange and other SMEs or unlisted companies.
Septimius Stoica is senior consultant in the international law firm Salans, alternative trading system BEST (former Apollo-X) is an old project of his. Read on an interview with the former president of BSE and Paverman Alexander, CEO and president of Global food packaging technology Muntenia Invest.
Septimius Stoica: Most likely in a period of about a month. We have to fit with the Central Depository in terms of electronic communication. Depositary never said he would not agree with our trading, but there were some delays. For two years working on this project food packaging technology with Global Muntenia Invest.
Alexander Paverman: NSC could not give a permit without having the contract with the Custodian and even Commission mediated a potential conflict food packaging technology between us and the Depositary, their intervention is salutary.
SS: We seek to offer an alternative trading securities food packaging technology on the market in Romania but also foreign markets. We're talking about blue-chips in Europe, but the U.S. and Romania. food packaging technology We will also try to attract new issuers that are not traded in Romania and of course think of the small and medium-sized companies, not just the big names.
SS: There are several reasons: firstly BEST investors food packaging technology will see the same screen and trade in both Romanian shares, and from Sibiu and from foreign markets, practically speaking a common interface for multiple markets. Then maybe our system will be more user friendly. The third reason is that it might be cheaper to trade than the BEST action on BSE.
On this platform investors will be given access as if they were customers Muntenia, only that he would send the orders themselves, will be able to work with their broker, of course if he wanted to become a member of BEST.
AP: Practically it is possible for a customer to pay only the fee market, eliminating broker's commission. food packaging technology We will publish a list of fees charged directly to investors or brokers trading members.
SS: In principle we do not need anyone's food packaging technology approval, the law requires that you have accepted issuer to bring an ATS. But of course it does not hurt to have. If the issuer is already listed on the stock X, he is already there reporting and follow food packaging technology certain rules of transparency and corporate governance, such as those reports no longer have to make the new ATS, that they still exist.
ATS sites were taken and the European directive. Why? In the interest of consumer protection, in Europe to stimulate competition food packaging technology between intermediaries so that a single capital market does not monopolize an entire country. food packaging technology Market Eastern European stock markets tended to preserve monopolies.
Read: Valentin Preda, adviser to the Mayor peas, and Septimius Buzaşu, Secretaries of State for Transport Stoica: Authorization Apollo-X is held by the Central Depository Septimius Stoica has withdrawn his candidacy for the Board of Governors
SS: I think we have some idea of its priority launch an ATS, only BSE and were back Sibex storage and institutional power and of course were able to launch their projects faster
A system food packaging technology of complete range of services in a given market. Perhaps an SME listed on BEST will grow and even to think of a listing on the BSE, which would benefit from a greater awareness.
In our stock market was always confused with the Bucharest Stock Exchange, food packaging technology which does not know how good it is if you draw a line after 20 years. food packaging technology Everyone focused on what is good, bad, much less, the BSE. Maybe it is difficult for a single institution to do everything.
SS: Of course we intend food packaging technology this but do not expect to do this in the first day or the first week. They still start already with a number of foreign food packaging technology companies listed and recently a Romanian company (Ed Pro Vorbasse). We still plan to overcome this chapter BSE
SS:
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