Bucharest Stock Exchange (BVB) Board of Governors decided on Tuesday, July 29, 2014 that BVB won’t charge fees for the transactions conducted on the primary market by the Ministry of Public Finance (MFP) for the government securities issuances designated exclusively to retail investors.
Bucharest Stock Exchange aims to accommodate a market for this type of government securities, in order to meet the criteria specified by MFP as issuer, so that BVB will be considered an efficient alternative compared to other markets, also in terms of costs.
Moreover, BVB’s purpose is to define an efficient framework for these instruments, based also on its fees’ structure, which will support the development of this segment, by attracting new investors and by encouraging an active market.
Trading fees applied to the transactions for the secondary market of government securities designated to retail investors will be 1 leu/transaction, both for the buyers and the sellers.
The intermediaries acting as Market Makers on this market will have a trading fee of only 0.5 lei/transaction, as a stimulus for bringing more liquidity to this market.
