BVB to introduce new Market Maker program to improve liquidity

Bucharest Stock Exchange (BVB) will introduce as of the beginning of 2020 a pilot program for intermediaries that act or intend to act as Market Maker for shares, in order to enhance the liquidity of those shares. By participating in the program, they benefit of lower fees, discounts and, additionally, bonuses, if certain specific criteria are met.

Thus, BVB has redefined the Market Maker Program for shares, update which becomes effective starting with January 1st, 2020, the target being that the Market Making activity to reach at least 15% of the total shares trading activity.

The redefinition of the Market Maker Program envisages that the focus will be on quantitative versus qualitative parameters.