Provision of clearing services to the Romanian Derivatives Market - 19 Sep 2013

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Press Release

Provision of clearing services to the Romanian Derivatives Market (SIBEX) 

19 September 2013 - The Romanian Derivatives Exchange SIBEX-SIBIU STOCK EXCHANGE accepted the proposal of the HELEX Group for the provision of clearing services in the new environment taking shape in accordance with Regulation 648/2012 of the European Parliamnet (EMIR - European Market Infrastructure Regulation), as well as the technological upgrade and support of new projects of the Exchange.

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.

As soon as - in the immediate future - the negotiations are completed, and the contractual, operational and technical details of this cooperation are finalized, further information will be provided to investors.