Bucharest Stock Exchange (BVB) recently announced that it will reduce trading fees starting October 1, 2014, in an effort to make the market more accessible to investors.
“We are continuing our efforts and projects, aimed to the revitalization of the Romanian capital market. Many of these steps, including the improvement when it comes to the cost of access to the market are carried out in cooperation with the ASF and other regulators. This process will be continued”, said Ludwik Sobolewski, CEO of BVB.
The new trading fees, as a sum of BVB and ASF (Financial Supervisory Authority) fees, will be 0.1% (10 bps), charged for both buy and sell sides, to all participants, excluding the fees for the Market Makers, which are lower.
Currently, BVB charges 0.045% of the value of share transactions from the buyer and 0.117% from the seller. These will be reduced to 0.04% and 0.1%. The ASF now charges 0.08% of all buy transactions, but it will cut down its fee to 0.06% starting September 16. Fees will be reduced for other market segments as well.
Tags: asf, BVB, ludwik sobolewski