As of August 25, WOOD & Company - one of the leading investment banks in Emerging Europe - will act as Issuer's Market Maker for Cluj-Napoca-based brokerage company BRK Financial Group (ticker symbol BRK), which is listed on the Bucharest Stock Exchange (BVB), the company announced in a statement.
BRK Financial Group is the first and so far the only BVB-listed broker, being itself a Market Maker for 12 financial instruments.
"We are pleased that the Issuer's Market Maker program brings together two of the most relevant companies for the local capital market, WOOD & Company and BRK Financial Group. Through this partnership, the program gets to include a total of 16 financial instruments, 15 shares and a bond issue, and we expect their number to continue to grow, with a positive impact on market liquidity," says Bucharest Stock Exchange CEO Adrian Tanase.
In her turn, BRK Financial Group CEO Monica Ivan considers that the decision to use market making services is a natural step in BRK's strategy to create value and stock market performance for shareholders, as BRK's focus is to deliver solid financial results and align with the best practices in relation to investors.
WOOD & Company will provide the Issuer's Market Maker services under a contract signed with BRK Financial Group. BRK is the third issuer listed on BVB's main market to have WOOD & Company as Issuer's Market Maker, after Electrica and OMV Petrom.
"We are excited to become Issuer's Market Maker for BRK shares. We are confident that this step will contribute to the overall attractiveness of BRK shares by making it even more liquid and less volatile for all market participants," said Josef Kohout, Head of Trading Prague WOOD & Company.
BRK Financial Group was established as a joint-stock company on October 26, 1994 and its shares are being traded on BVB's main market since February 2005.
The Issuer's Market Maker is the participant in BVB's trading system with the role of supporting the liquidity of a financial instrument.
WOOD & Company to act as Issuer's Market Maker for BRK Financial Group
Sursă foto: stiripesurse.ro
Distribuie articolul
Distribuie articolul
Explorează subiectul
Articole Similare
13
Ministry of Environment issues environmental agreement for second stage of Cerna-Motru-Tismana hydropower project
13
16
President Dan, Prime Minister Bolojan meet to discuss 2026 budget
16
10
EconMin Darau and French Ambassador Warnery discuss SAFE programme and Romania's OECD accession
10
28
FCER President Vexler accuses public antisemitic lynching inside the Romanian Parliament
28
21
Senate's Abrudean: Holocaust was a planned extermination that killed around 6 million Jews
21
11
Veterinarians protest in Victoriei Square on Monday against reduction in funding for veterinary services
11
11
PM Bolojan to pay visit to Germany; to meet Chancellor Friedrich Merz
11
15
PSD's Grindeanu: We must prevent anti-Semitism constantly and in a coordinated manner
15
55
Dacia Sandero, Europe's best-selling car model; Duster model remains in top 10 (analysis)
55
29
Franklin Templeton's strategy delivers total shareholder return of 1,340% for Fondul Proprietatea shares
29
15
PresDan: Holocaust Remembrance Day, the day when humanity remembers the suffering of others
15
9
Natural gas offers from April 1 mean the supply market returns to high margins (specialist)
9
6
'Romania without domestic violence' committee grants favourable report on draft law combatting femicide
6
Comentează