sibiu stock exchange
bucharest stock exchange and sibex sibiu stock exchange concluded an agreement bucharest stock exchange. the stock exchange is for the people !
university “lucian blaga” of sibiu students and any other persons interested in the stock market .
“the stock exchange school” is a complex educational project which will take place in several stages .
sibiu stock exchange (sibex) was founded in 1994 having commodities intermediation as the main activity. starting with 1997 the company focused on the development and the administration of securities and financial derivatives markets .
bucharest stock exchange runs markets for shares, bonds and other instruments, through regulated platforms and alternative systems, and provides a wide range of services to participants of financial markets. bucharest stock exchange is a public company, listed on its own market since 2010 .
sibiu exchange was founded as a private company with 33. 24 million lei share capital and was the first romanian exchange authorized by rnsc. being the pioneer of exchange listed derivatives in romania, at the moment sibex is the leader on this market segment .
“the stock exchange school” is an educational initiative that started from a generous idea: to build and grow a financially educated generation, one that knows how to shape its financial future .
bucharest stock exchange (bvb) announces the conclusion of a coordination agreement with sibex – sibiu stock exchange s. a. that will allow carrying out of concrete steps in the following period toward the potential merger process between the two companies. the agreement allows the implementation of critical elements for such a process, i. e. the phase of the evaluation of the companies. teams of experts from both companies have been dedicated to this project in order to establish principles and conditions for collaboration, aiming at creating the fundamentals with regard to the potential merger .
sibiu exchange launches in 1997 the first derivatives products, the futures contracts. then, in 1998, options on futures were implemented, cfd' s (contracts for difference) in 2009, shares in 2010 and binary options in 2011 .
the weekly classes are hosted by the co - founders of the program in partnership with the university “lucian blaga” of sibiu (ulbs) .
sibex - sibiu stock exchange was founded in 1994, having as initial main activity commodities intermediation. starting with 1997 the company focused on the development and the administration of financial derivatives, such as futures contracts. currently, sibex is market operator and administrator of a derivatives markets and also operator of a cash regulated market and an alternative trading system. sibex is since 2010 a company listed on its own regulated securities market .
the chief executive officer of hellenic exchanges group, mr. socrates lazaridis stated during the event: «in a period that development of a common european regulation creates significant challenges for mutual activities of the markets that provide services; such cooperation is for us a great success. moreover, the agreement to extend the platform and cover the members and the markets of sibiu stock exchange is another small but important step towards the expansion of helex group' s network »
ludwik sobolewski, ceo of the bvb commented: “we are satisfied that one of the most challenging projects among those ran by the bucharest stock exchange is getting a new impulse. we believe that the absorption of the sibex by the bvb may enhance the market infrastructure bringing only advantages for the stakeholders of the bvb and this is the goal bvb will uncompromisingly realize when progressing with this undertaking” .
as financial markets and co - founders florin oprea and decebal todăriţă concluded a partnership with the university “lucian blaga ” of sibiu regarding the implementation of a financial education program among the students by organizing a series of free courses in three modules: initial, intermediate, advanced .
shares and international shares, rights and international rights, corporative bonds, municipal and international bonds, shares issued by collective investment units; units of investment units. etfs (exchange traded funds) financial instruments admitted for trading on a regulated market (traded but not listed on the alternative trading system) .
the cooperation agreements signed today between the two exchanges complete their initial agreement for the provision of clearing services in the new environment taking shape in accordance with regulation 648 / 2012 of the european parliament (emir? european market infrastructure regulation), as well as the technological upgrade and support of new projects of the exchange .
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on the occasion of the signing of the cooperation agreement between the helex group and the sibex exchange of romania, an event was held today, february 5th, 2014 at the hellenic exchanges group headquarters. during this event, the chairman of the board of sibex, mr. ovidiu galatanu, declared the start of the trading session by ringing the traditional opening bell .
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this cooperation aims? among others? to develop new products and services to participants in the two markets, and to reduce operating costs by taking advantage of the economies of scale that a single, technological and regulatory framework of operation will provide to the two markets .
mr. ovidiu galatanu, chairman of the board of sibex pointed out during a short speech :
it is a particular pleasure and honor for the sibex team to be here today for the signing of the cooperation agreement. i am convinced that this fruitful partnership will be a success for both the exchanges and their participants. »
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the only way that has ever been discovered to have a lot of people cooperate together voluntarily is through the free market. ” milton friedman
“to know values is to comprehend the meaning of movements in the market. ” charles dow
the goal of a successful trader is to make the best trades. money is secondary .
- alexander elder
“as a general rule, the most successful man in life is the man who has the best information. ” benjamin disraeli
“someone' s sitting in the shade today because someone planted a tree a long time ago .
warren buffett
“we look for the close coordination efforts of the two teams to generate a successful project that will meet the expectations of both shareholders and market participants” said ovidiu petru, the ceo of sibex .
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in relation to operating financial instruments markets, sibex organizes training programs for capital market specialists, being authorized as a professional formation institution by the romanian national securities commission (rnsc), and by the national commission for professional formation of adults as a professional formation provider for brokers .
with over 16 years of experience in the domain of the derivatives, sibex offers the investors accessible products and services .
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a recent study by the world bank shows that the economic and financial knowledge in romania (measured by the financial literacy index) is at an average of 31 on a scale of 0 to 100 .
a gfk survey conducted for the romanian banking association (arb) in 2011 shows that the main information channels used by romanians are: tv shows on financial and banking issues (42 %); relatives / friends (40 %); banking products information (37 %); articles on financial issues in print or online (29 %); banking agencies (27 %); product information offered by banks websites (17 %); online search engines (16 %); forums, blogs discussing banking products and banks (10 %), no source of information (33 %) .
program graduation by a number of 1, 000 people at the end of the 2. 0 phase by the end of june 2016 (the 1. 0 phase is currently running and it ends in june 2015).
the sibex-sibiu stock exchange ( sibex s.a. in romanian ) was established as a private company in december 1994 , with 33.24 million lei share capital , and was the first romanian exchange authorized by romanian national securities commission ( rnsc ) . being the pioneer of exchange listed derivatives in romania , at the moment sibex is the leader on this market segment . in july 1997 , sibex ( known at that time as sibiu monetary financial and commodities exchange ) has become romania 's first derivatives exchange through the implementation of futures contracts . since 1994 , sibex ’s national and international recognition has grown significantly as the developments of the company have contributed to growth and consolidation of its position within the romanian and international capital markets . as opposed to bucharest stock exchange , romania 's largest stock market , sibex focuses on the derivative financial products . sibex - sibiu stock exchange is romania 's first and largest market of futures and options contracts at the moment ; as a market / system operator it administers the regulated derivatives market , regulated spot market and alternative trading system . on the derivatives market , sibex is trading products with underlying single stock futures , futures index , commodities futures and currency futures . the shares traded on the regulated spot market and on the alternative trading system of sibex – sibiu stock exchange are settled through sibex depository ’s system . clearing and settlement of trades with financial derivatives on the regulated market administered by sibex – sibiu stock exchange is accomplished by athens exchange clearing house , which is a central counterparty defined in accordance with applicable european regulations and authorized by its national authority , contractually designated by sibex as provider of clearing and settlement of financial derivatives trades for one or more regulated markets managed by sibex . in 2005 , sibex was evaluated by pricewaterhousecoopers to 3.4 million eur , but it has been subject to continuous growth and expansion ever since . in comparison , in the same time period , pwc has evaluated the bucharest stock exchange at 16 million eur . as of may 2006 , sibex had 74 shareholders of which 38 were financial investment companies . sibex is run by a board of directors presided by mr. ovidiu petru , ceo and general manager . in may 2006 , sibex discussed a merger with the larger bucharest stock exchange , located in the capital of romania . after a lengthy period of negotiations between sides , in october 2006 , shareholders of the bucharest stock exchange have rejected the proposal . failing to absorb the sibiu exchange , bucharest stock exchange ( bvb ) has announced ( june 2007 ) that it plans to open its own derivatives market in the near future . bvb has long announced plans to start its own derivative products based on its main composite indices : bet , bet-c , and bet-fi , ( there is also a rotx index , listed on the vienna stock exchange ) . eventually they might adopt currencies , stock index , and bonds as future underlying assets for their planned derivatives . until then , the sibex - sibiu stock exchange will still be seen as romania 's one and only powerful derivative marketplace . in january 2008 – sibiu exchange became a member of the association of futures markets international organization which gathers stock exchanges and other financial entities in europe , asia , south america and africa . january 2010 - sibiu monetary financial and commodities exchange ( smfce ) had officially launched the regulated spot market and its shares were admitted to trading on the regulated market administered by smfce . march , 2011 – sibiu exchange changed its name into sibex - sibiu stock exchange ( sibex ) . also the new logo of the company was launched , representing 7 transylvanian cities , signifying the meeting place for the investors who choose to turn their ideas into money . the new logo represents the local tradition of exchange and seriousness . in 2013 sibex signs the partnership agreement with opcom ( romanian gas and electricity market operator ) for the development and launching of the power derivatives on sibex financial derivatives regulated market . sibex started to trade futures contract on us stocks , for the first time in romania . february 2014 - sibex signed the partnership agreement with athex group incorporating : the provision of clearing services from athex group ’s clearing house “ athexclear ” under emir requirements , use of athex group multi-exchange trading platform ( oasis ) by sibex along with athex and cyprus stock exchange , use of xnet services , thus offering access to global markets . december 2014 sibex finalizes the project regarding the connection of the derivatives market to a central counterparty - athexclear , as well as the migration of the derivatives market to a new trading system . this project is by far , the most important project related to the infrastructure of sibex-sibiu stock exchange . sibex activity is managed by a board of directors whose chairman is mr. galatanu ovidiu dan . the executive management is run by mr. petru ovidiu as chief executive officer . 
the sibex-sibiu stock exchange (sibex s.a. in romanian) was established as a private company in december 1994, with 33.24 million lei share capital, and was the first romanian exchange authorized by romanian national securities commission (rnsc). being the pioneer of exchange listed derivatives in romania, at the moment sibex is the leader on this market segment. in july 1997, sibex (known at that time as sibiu monetary financial and commodities exchange) has become romania's first derivatives exchange through the implementation of futures contracts. since 1994, sibex ’s national and international recognition has grown significantly as the developments of the company have contributed to growth and consolidation of its position within the romanian and international capital markets. as opposed to bucharest stock exchange, romania's largest stock market, sibex focuses on the derivative financial products. sibex - sibiu stock exchange is romania's first and largest market of futures and options contracts at the moment; as a market / system operator it administers the regulated derivatives market, regulated spot market and alternative trading system. on the derivatives market, sibex is trading products with underlying single stock futures, futures index, commodities futures and currency futures. the shares traded on the regulated spot market and on the alternative trading system of sibex – sibiu stock exchange are settled through sibex depository ’s system. clearing and settlement of trades with financial derivatives on the regulated market administered by sibex – sibiu stock exchange is accomplished by athens exchange clearing house, which is a central counterparty defined in accordance with applicable european regulations and authorized by its national authority, contractually designated by sibex as provider of clearing and settlement of financial derivatives trades for one or more regulated markets managed by sibex. in 2005, sibex was evaluated by pricewaterhousecoopers to 3.4 million eur, but it has been subject to continuous growth and expansion ever since. in comparison, in the same time period, pwc has evaluated the bucharest stock exchange at 16 million eur. as of may 2006, sibex had 74 shareholders of which 38 were financial investment companies. sibex is run by a board of directors presided by mr. ovidiu petru, ceo and general manager. in may 2006, sibex discussed a merger with the larger bucharest stock exchange, located in the capital of romania. after a lengthy period of negotiations between sides, in october 2006, shareholders of the bucharest stock exchange have rejected the proposal. failing to absorb the sibiu exchange, bucharest stock exchange (bvb) has announced (june 2007) that it plans to open its own derivatives market in the near future. bvb has long announced plans to start its own derivative products based on its main composite indices: bet, bet-c, and bet-fi, (there is also a rotx index, listed on the vienna stock exchange). eventually they might adopt currencies, stock index, and bonds as future underlying assets for their planned derivatives. until then, the sibex - sibiu stock exchange will still be seen as romania's one and only powerful derivative marketplace. in january 2008 – sibiu exchange became a member of the association of futures markets international organization which gathers stock exchanges and other financial entities in europe, asia, south america and africa. january 2010 - sibiu monetary financial and commodities exchange (smfce) had officially launched the regulated spot market and its shares were admitted to trading on the regulated market administered by smfce. march, 2011 – sibiu exchange changed its name into sibex - sibiu stock exchange (sibex). also the new logo of the company was launched, representing 7 transylvanian cities, signifying the meeting place for the investors who choose to turn their ideas into money. the new logo represents the local tradition of exchange and seriousness. in 2013 sibex signs the partnership agreement with opcom (romanian gas and electricity market operator) for the development and launching of the power derivatives on sibex financial derivatives regulated market. sibex started to trade futures contract on us stocks, for the first time in romania. february 2014 - sibex signed the partnership agreement with athex group incorporating: the provision of clearing services from athex group ’s clearing house “ athexclear ” under emir requirements, use of athex group multi-exchange trading platform (oasis) by sibex along with athex and cyprus stock exchange, use of xnet services, thus offering access to global markets. december 2014 sibex finalizes the project regarding the connection of the derivatives market to a central counterparty - athexclear, as well as the migration of the derivatives market to a new trading system. this project is by far, the most important project related to the infrastructure of sibex-sibiu stock exchange. sibex activity is managed by a board of directors whose chairman is mr. galatanu ovidiu dan. the executive management is run by mr. petru ovidiu as chief executive officer.
the sibex-sibiu stock exchange (sibex s.a. in romanian) was established as a private company in december 1994, with 33.24 million lei share capital, and was the first romanian exchange authorized by romanian national securities commission (rnsc). being the pioneer of exchange listed derivatives in romania, at the moment sibex is the leader on this market segment. in july 1997, sibex (known at that time as sibiu monetary financial and commodities exchange) has become romania's first derivatives exchange through the implementation of futures contracts. since 1994, sibex ’s national and international recognition has grown significantly as the developments of the company have contributed to growth and consolidation of its position within the romanian and international capital markets. as opposed to bucharest stock exchange, romania's largest stock market, sibex focuses on the derivative financial products. sibex - sibiu stock exchange is romania's first and largest market of futures and options contracts at the moment; as a market / system operator it administers the regulated derivatives market, regulated spot market and alternative trading system. on the derivatives market, sibex is trading products with underlying single stock futures, futures index, commodities futures and currency futures. the shares traded on the regulated spot market and on the alternative trading system of sibex – sibiu stock exchange are settled through sibex depository ’s system. clearing and settlement of trades with financial derivatives on the regulated market administered by sibex – sibiu stock exchange is accomplished by athens exchange clearing house, which is a central counterparty defined in accordance with applicable european regulations and authorized by its national authority, contractually designated by sibex as provider of clearing and settlement of financial derivatives trades for one or more regulated markets managed by sibex. in 2005, sibex was evaluated by pricewaterhousecoopers to 3.4 million eur, but it has been subject to continuous growth and expansion ever since. in comparison, in the same time period, pwc has evaluated the bucharest stock exchange at 16 million eur. as of may 2006, sibex had 74 shareholders of which 38 were financial investment companies. sibex is run by a board of directors presided by mr. ovidiu petru, ceo and general manager. in may 2006, sibex discussed a merger with the larger bucharest stock exchange, located in the capital of romania. after a lengthy period of negotiations between sides, in october 2006, shareholders of the bucharest stock exchange have rejected the proposal. failing to absorb the sibiu exchange, bucharest stock exchange (bvb) has announced (june 2007) that it plans to open its own derivatives market in the near future. bvb has long announced plans to start its own derivative products based on its main composite indices: bet, bet-c, and bet-fi, (there is also a rotx index, listed on the vienna stock exchange). eventually they might adopt currencies, stock index, and bonds as future underlying assets for their planned derivatives. until then, the sibex - sibiu stock exchange will still be seen as romania's one and only powerful derivative marketplace. in january 2008 – sibiu exchange became a member of the association of futures markets international organization which gathers stock exchanges and other financial entities in europe, asia, south america and africa. january 2010 - sibiu monetary financial and commodities exchange (smfce) had officially launched the regulated spot market and its shares were admitted to trading on the regulated market administered by smfce. march, 2011 – sibiu exchange changed its name into sibex - sibiu stock exchange (sibex). also the new logo of the company was launched, representing 7 transylvanian cities, signifying the meeting place for the investors who choose to turn their ideas into money. the new logo represents the local tradition of exchange and seriousness. in 2013 sibex signs the partnership agreement with opcom (romanian gas and electricity market operator) for the development and launching of the power derivatives on sibex financial derivatives regulated market. sibex started to trade futures contract on us stocks, for the first time in romania. february 2014 - sibex signed the partnership agreement with athex group incorporating: the provision of clearing services from athex group ’s clearing house “ athexclear ” under emir requirements, use of athex group multi-exchange trading platform (oasis) by sibex along with athex and cyprus stock exchange, use of xnet services, thus offering access to global markets. december 2014 sibex finalizes the project regarding the connection of the derivatives market to a central counterparty - athexclear, as well as the migration of the derivatives market to a new trading system. this project is by far, the most important project related to the infrastructure of sibex-sibiu stock exchange. sibex activity is managed by a board of directors whose chairman is mr. galatanu ovidiu dan. the executive management is run by mr. petru ovidiu as chief executive officer.