While OPCOM is seeking to privatize and take over the central counterpart service from the entity to be set up by the Bucharest Stock Exchange (BSE), the Romanian Commodities Exchange (BRM) has been negotiating with an external entity for a while, in order to be able introduces together secured trading contracts with a central counterpart, a lot sooner, Septiumiu Stoica, AGM chairman of RCE, told energenomics.ro.

BRM has dropped out of talks with Keler (of Budapest) and is currently negotiating with another major European financial entity. Once the talks were completed, BRM could launch gas derivatives in Romania within a few months, Septimiu Stoica explained.

„Obviously, if the BSE would quickly become a central counterpart, and BRM could associate itself with the project,” Stoica said. „The establishment of such an entity requires however bureaucratic approvals and procedures that will delay the process of entry into operation.

Meanwhile, BRM hopes to launch the derivatives that the gas market needs,” Stoica also said.

Autor: Bogdan Tudorache

Active in the economic and business press for the past 26 years, Bogdan graduated Law and then attended intensive courses in Economics and Business English. He went up to the position of editor-in-chief since 2006 and has provided management and editorial policy for numerous economic publications dedicated especially to the community of foreign investors in Romania. From 2003 to 2013 he was active mainly in the financial-banking sector. He started freelancing for Energynomics in 2013, notable for his advanced knowledge of markets, business communities and a mature editorial style, both in Romanian and English.