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Shrs, Derivatives To Trade On Bucharest Stock Exchange End-Friday

The board of the Bucharest Stock Exchange extended the “Pre-open” status of the Friday session for all the main shares and derivatives by the end of the day, while state bonds and treasury bills will have the usual trading program.
Shrs, Derivatives To Trade On Bucharest Stock Exchange End-Friday
10 oct. 2008, 11:20, English

Shares and derivatives can be introduced in the bourse’s trading system, but the transfers will be made only within the fixing algorithm, respectively the last 15 minutes of the session.

The bourse’s general manager Stere Farmache told MEDIAFAX Friday that the decision was made due to the unfavorable international market context.

The stock exchange’s Code stipulates that the "Pre-opening" market status of a trading session can be extended by the end of the day.

“According to Art. 29, paragraph 3, BVB Code, part I, Bucharest Stock Exchange decides the prolongation for the “Pre-opening” market status for all markets that are currently in this status, the auxiliary markets will remain on closed status. Bonds and Treasury Bonds markets will have the usual trading program," BVB announced early-Friday.