Bucharest Stock Exchange

Bucharest Stock Exchange

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Bucharest Stock Exchange

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Description:
The Bucharest Stock Exchange (Bursa de Valori Bucureşti in Romanian) is a stock exchange in Bucharest, capital of Romania. On December 1, 2005, Bucharest's electronic over-the-counter stock market, Rasdaq, was merged with the Bucharest Stock Exchange.

The total capitalisation of the Bucharest Stock Exchange is around 29 bn $ and the capitalisation of Rasdaq is around 4 bn$ (5 May 2010).

The exchange has pre-market sessions from 09:30am to 10:00am and normal trading sessions from 10:00am to 04:30pm on all days of the week except Saturdays, Sundays and holidays declared by the Exchange in advance.Market Hours, Bucharest Stock Exchange via Wikinvest

History

Pre-World War II

The Bucharest Exchange opened on 1 December 1882 in the building of the Chamber of Commerce in Bucharest. It was regulated by the "Law on exchanges, securities and commodities brokers" ("Legea asupra Burselor, Mijlocitorilor de Schimb şi Mijlocitorilor de Mărfuri") passed one year earlier. There were 21 securities quoted (6 stocks and 15 commercial paper issues) and it was also used for trading commodities. In 1904 a new "Law on commercial exchanges" ("Legea asupra burselor de comerţ") was passed. Among other things, the new law separated securities trading from commodities trading and introduced a Clearing house, which improved investor confidence. The number of quoted securities also increased to 43 (21 stocks and 22 commercial...
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