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BSE launches trade in ten W European blue chips

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.

Erste Bank’s brokerage expects the alternative platform to generate daily turnover of HUF 1bn.