Bucharest Stock Exchange informs that on October 6, 2014, the two major infrastructure projects of the Romanian capital market, namely the segregation of the trading and post-trading systems, and the migration to T+2 settlement cycle, were successfully implemented.
The separation of the trading and settlement systems of accounts, together with a new set of rules of cooperation between the two systems and their users are now operational.
“We made a far-reaching step towards the modern and fully fledged infrastructure of the capital market. Romanian capital market infrastructure works and represents a constant evolution towards more safety, more efficiency and more openness. We invite global market participants to be engaged more into this investment territory, one of the most dynamically growing in the EU”, stated Ludwik Sobolewski, BVB CEO.
October 8 was a successfully completed settlement day for both the transactions done on October 6 with T+2 settlement cycle and also for the ones done on October 3 with a T+3 settlement cycle.