UPDATE - BSE launches trade in ten W European blue chips on alternative platform
The Budapest Stock Exchange (BSE) on Tuesday launched trade in shares of ten West European blue chips on an alternative platform, CEO György Mohai announced.
Shares of BASF, BMW, Commerzbank, Deutsche Bank, E.ON, Nokia, Santander, Siemens, ThyssenKrupp and Total trade on the platform, dubbed BETa. Transactions are made with forints, at exchange rates constantly adjusted to market rates, but dividends on the shares are paid in euro.
Erste Bank’s brokerage, which developed the platform and is supporting pricing on the BETa, expects the alternative platform to generate daily turnover of HUF 1bn.
The brokerage wants to expand the number of shares traded on the platform to 30 from January, said Erste Befektetési chairman-CEO Róbert Cselovszki.
BETa’s opening hours, trading periods, offer types and validations conform to BSE rules.
ADVERTISEMENT
CIG Pannónia Board Proposes HUF 18-per-share Dividend
Hungarian Lawmakers Ratify Finland's NATO Accession
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
