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Topic: Rasdaq


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In the News (Tue 29 Dec 09)

  
  Romania's Stock Exchange: What Went Wrong? - Mises Institute
RASDAQ held 5,000 titles to unattractive State enterprises.
RASDAQ was a freer exchange than the Bucharest Stock Exchange.
Rasdaq became a heaven for traders who were active in credit markets.
www.mises.org /story/707   (1265 words)

  
  Rasdaq - Wikipedia, the free encyclopedia
Rasdaq was the name of the company that operated RASDAQ Market, one of the two Romanian exchanges at the time.
RASDAQ ceased to exist as a company on December 8th, 2005, when it merged with Bucharest Stock Exchange and RASDAQ is now the name of one of the markets operated by Bucharest Stock Exchange.
This page was last modified 12:53, 25 March 2006.
en.wikipedia.org /wiki/Rasdaq   (99 words)

  
 Bucharest Business Week   (Site not responding. Last check: 2007-10-23)
The Rasdaq Electronic Exchange recorded a slight overall positive performance during the four trading sessions ending December 2.
The Rasdaq Composite Index, the official benchmark of the market, rose 0.12 per cent from the previous Thursday to 1,763.72 points.
The Rasdaq I Index, which tracks the evolution of the 11 stocks listed on the first tier, increased 0.18 per cent to 1,901.13 points, while the Rasdaq II Index, which monitors the performance of the 17 stocks listed on the second tier, fell 3.68 per cent to 2,561.85 points.
www.bbw.ro /rasdaq.htm   (369 words)

  
 USAID Speech: Romanian Forum for Economic Cooperation, Bucharest, Romania, 10/27/97
RASDAQ is a technical accomplishment of enormous magnitude.
RASDAQ and the other securities and commodities markets in Romania's financial markets provide a mechanism for generations of Romania's citizens to enjoy the benefits of a market economy.
RASDAQ and the Bucharest Stock Exchange are essential trading systems for those shareholders.
www.usaid.gov /press/spe_test/speeches/1997/spch555.htm   (1022 words)

  
 BUCHAREST DAILY NEWS   (Site not responding. Last check: 2007-10-23)
The trade of 122 more companies listed on the Romanian Securities Market (Rasdaq) will be transferred on the new Bucharest Stock Exchange (BVB) negotiation device developed on the technical platform Arena.
This is the sixth group of companies to be transferred from Rasdaq to BVB, in view of the coming merger of the two capital markets.
Rasdaq set out to complete the transfer of all its companies on the Arena system before the end of September.
www.daily-news.ro /print_preview.php?idarticle=14454   (98 words)

  
 Emerging Markets Profile: ROMANIA
Issuers, including those currently listed on RASDAQ and wishing to be listed on the BSE, must meet strict financial criteria.
RASDAQ, established on October 25, 1996, is the over-the-counter equities market patterned after NASDAQ in the U.S. It was established using funding from the United States Agency for International Development (USAID) and utilizes NASDAQ’s PORTAL system.
RASDAQ has approximately 3,000 listed issues, all of which resulted from the ongoing mass privatization program.
www.buttonwood.com /b-w/1998es/roman-sht.html   (614 words)

  
 BUCHAREST DAILY NEWS   (Site not responding. Last check: 2007-10-23)
BVB will achieve the compensation, registration and settlement of transactions according to its own regulations while the usage of the systems of trade, compensation, registration and settlement will be allowed under conditions that the two institutions still have to agree upon.
The same agreement will regulate the phases and terms of the transfer of selected Rasdaq companies to the BVB system of trade, compensation, registration and settlement.
On June 7, shares of 12 companies listed on Rasdaq will be transferred to the Arena system of the BVB, eventually followed by 107 more companies.
www.daily-news.ro /article_detail.php?idarticle=11870   (371 words)

  
 Untitled   (Site not responding. Last check: 2007-10-23)
Discontinuation of RASDAQ Data (Information) ALERT STATUS = Updated Checkpoints (All Times are GMT) Information First Issued: 11:01 19 Dec 2005 Last Updated: 09:24 03 Jan 2006 Details Effective 23-Jan-2006, RASDAQ data updated directly from the RASDAQ feed will be removed from Reuters.
The volume now traded on the RASDAQ feed is insignificant; the remaining companies left on RASDAQ will be delisted or will be transferred to the Bucharest SE in January, until this transfer is completed End of Day data will be updated on the relevant symbols daily.
Example Symbols of RASDAQ companies already traded on the Bucharest SE: ro;ARDF, ro;BRCR, ro;VEGA This Alert has been issued by your local Customer Support Help Desk, a subsequent news headline will be issued if the status changes.
www.bridge.com /com/newswindow.asp?storyid=FSCWJJY   (161 words)

  
 regisco   (Site not responding. Last check: 2007-10-23)
Regisco S.A. is a Romanian stockholder register providing financial services on both the RASDAQ market and the Bucharest Stock Exchange.
For instance, due to the banks' outfashioned working style and to an inadequate legislation, e-commerce cannot be possibly launched yet in Romania.
The firms lawfully entitled to make transactions on RASDAQ or on the stock exchange market have access to this private network, having a business to business e-business relation.
www.oracle.com /global/ro/referinte/success_stories/regisco.htm   (893 words)

  
 Eurom Bank shares were withdrawn from RASDAQ
Eurom Bank shares were withdrawn from transaction on the RASDAQ market of the BVB starting Monday, according to a decision of last week by the National Commission for Assets (CNVM).
CNVM notified the delisting of Eurom Bank shares on the RASDAQ, after the finalization of the shareholders’ withdrawal from the company, according to a press release of the brokering company Intercapital Invest.
Following the public bid which was made during the period 20 January – 8 February, the Dutch company Kolal BV controlled by Israeli investors, obtained 91 % of the social capital of the bank.
www.doingbusiness.ro /business_news.php?newsid=1782   (127 words)

  
 [No title]
The Rasdaq was intended as a market with fewer listing restrictions, and was chosen as the venue for listing some 6,000 companies privatised under the Mass Privatisation Programme.
Capitalisation on the BSE similarly fell 37.3% to $442m, while the Rasdaq shrank 42.0% to $974m.
Capitalisation rose 177.0% on the BSE to $1.21bn, and 21.0% on the Rasdaq to $1.16bn.
courses.wcupa.edu /rbove/eco343/040Compecon/Centeur/Romania/040824change.txt   (706 words)

  
 [No title]   (Site not responding. Last check: 2007-10-23)
The most traded share on RASDAQ was Fibrex - Savinesti, with a total value of transactions of over 7 billion lei.
Bucharest - The Italian firm Radici bought, through public offer through the Rasdaq market, the 50.98% package of the shares in the Fibrex - Savinesti company, which were in the portfolio of the Ministry of Finance.
RASDAQ Composite Index had a minor rise of 0.10 points (+0.02%) against the previous session, reaching 690.05 points.
www.romanian-daily.ro /2000IAN/RED298.html   (7189 words)

  
 Romania Development Gateway Portal
Between October 1, 2001 and August 30, 2003, 220 investment projects were registered, their cumulated value amounting to 1.89 billion lei.
Foreign investors' purchases on the Rasdaq over-the-counter market amounted to six million USD in August, representing a 2.8 million USD decline compared to the previous month.
Rasdaq registered 5,718 transactions last month, their total value standing at 377 billion lei (11.3 million USD).
ro-gateway.ro /node/185929/comnews/item?item_id=220951   (209 words)

  
 Romanian Capital Markets
The ANSVM member community established RASDAQ SRL, a fully-owned subsidiary, to be responsible for the operation of the Portal trading system, developed by the NASDAQ Stock Market of the United States, that accommodates trading in up to 5,600 companies.
The transparency of the market, the protection of the investors’ interests, the appropriate conduct of the brokerage houses, and compliance with the ANSVM Rules of Fair Practice are  constantly surveyed by ANSVM’s Monitoring and Surveillance Department.
On the RASDAQ, the same chase for liquidity propelled the cement makers Romcim, Moldocim, and Casial, the refineries Arpechim, Petromidia, and Petrobrazi, and the steel producers Sidex and Turbomecanica.
www.cerope.ro /pub/study9en.htm   (6047 words)

  
 Portalino
Rasdaq, the Romanian second market, is based on the US Nasdaq model and was established in November 1996.
Rasdaq has 150 broker members and trading is based around market-makers.
The BSE is a public institution under private management, while Rasdaq is a limited partnership 100% owned by the Stock Dealers' Association.
www.portalino.it /nuke/modules.php?name=Sections&op=printpage&artid=98   (623 words)

  
 British Business Community
The operations involving the shares listed on RASDAQ will be conducted through the trading system of the Bucharest Stock Exchange in a matter of months.
Besides the trading software itself, RASDAQ also wants to borrow one of BSE's regulations, the one about the duties to suspend companies undergoing capital increases from trading.
The longer suspension periods the shares listed on RASDAQ are experiencing at the moment are one of the things that make them less attractive for the time being.
www.ukbiz.ro /mnb/index.php3?day=03&month=03&year=2004   (303 words)

  
 Tranzactiile mari fac in continuare legea pe RASDAQ | Companii | Ziarul Financiar
Tranzactiile mari fac in continuare legea pe RASDAQ
ZF » Companii » Tranzactiile mari fac in continuare legea pe RASDAQ
In iulie, a fost randul Broker Cluj la prima pozitie in clasamentul societatilor de servicii si investitii financiare de pe RASDAQ, cu un rulaj total de peste 7,1 milioane de lei noi (circa doua milioane de euro) si o cota de piata de 13,3%, propulsata fiind de tranzactia cu pachetul de actiuni Comvex.
www.zf.ro /articol_68578/tranzactiile_mari_fac_in_continuare_legea_pe_rasdaq.html   (408 words)

  
 Emerging Markets Country Risk Report of Romania   (Site not responding. Last check: 2007-10-23)
The majority of equity trading is conducted on the RASDAQ which is a completely electronic market modeled after the NASDAQ in the US.
The Bucharest Stock Exchange and the RASDAQ There are currently 123 shares listed on the BSE 20 of which are listed on the first tier.
The RASDAQ was created primarily as a means to create liquidity in the shares of privatized companies.
www.condoradvisers.com /ViewReport.php?ReportID=56   (185 words)

  
 Danubius Securities - Member of Bucharest Stock Exchange and RASDAQ   (Site not responding. Last check: 2007-10-23)
Danubius Securities was established in July 1996 as a Romanian based investment bank providing both international and local clients with quality service through an efficient combination of Western expertise and strong understanding of the Romanian markets.
Member of Bucharest Stock Exchange and RASDAQ (the Romanian OTC market).
The Company is run by an experienced team of investment bankers and brokers with relevant experience both in Romania and in the main world financial centers.
www.das.ro /main.html   (257 words)

  
 Non-bank Institutes
A year later, an over-the-counter market (RASDAQ) was launched, enabling citizens to trade shares acquired through the mass privatisation programme.
Following the early years of boom, stock values were badly affected by the withdrawal of foreign capital after the turmoil on Asian and Russia financial markets in 1998.
The BSE composite index fell by nearly 50 per cent and the RASDAQ composite index fell by 20 per cent.
www.teleactivities.net /romania/overview/financial2.htm   (937 words)

  
 [No title]   (Site not responding. Last check: 2007-10-23)
Out of the 207 brokerage agencies licensed to operate on RASDAQ, 10 currently account for over 90 percent of the OTC transactions volume.
The total market capitalization on the RASDAQ was $961.8 million by early June 2000.
Problems affecting RASDAQ's further development include uneven regulatory policies of the National Securities Commission (CNVM) and high bank interest rates, which have made most individuals prefer bank deposits to portfolio investments.
www.factbook.net /countryreports/ro/backup/Ro_TradeFinance.htm   (2081 words)

  
 SyncRO Soft - The <oXygen/> XML Editor Company   (Site not responding. Last check: 2007-10-23)
Rasdaq Online (RO) is a software application package for all those who are interested in the evolution of secondary stock market RASDAQ, especially to brokerage companies.
RO Server is a server application designed to work around the clock and to ensure the consistency of a locally stored database containing information about all trades and shares on all trades and quotes on Rasdaq market.
It's a modular application that can displays graphs of trades, quotes, Rasdaq index, etc. It has a warning module that warns the broker when the BID or ASK or the selling price has reached some settable thresholds.
www.sync.ro /rasdaq.html   (386 words)

  
 BusinessRomania.com
The RASDAQ trading system opened in October 1996 as part of a USD 20 million capital market development project run by the US Agency for International Development (USAID).
RASDAQ is an exchange market that trades all the companies initially privatized through the Government Mass Privatization Program.
A RASDAQ index (compozit) based on all transactions began as a benchmark of activity in 1998.
www.businessromania.com /?x=country&op=p_f   (267 words)

  
 British Business Community
The main reason for the rise in the value of transactions was the increase over the year of the prices of listed stock by an average of over 100%.
To this was added the floating of certain companies, which were transferred from the RASDAQ electronic stock exchange.
Over 100 companies listed on RASDAQ are also traded through the technical system of the BSE, but, according to the BSE chairman, fees for transactions with the stock of these companies are cashed in by the RASDAQ.
www.ukbiz.ro /news.php3?newsID=15638   (376 words)

  
 Usbiz
The national regulatory body responsible for approving the listing on the Rasdaq exchange is the National Association of Securities Brokerage Firms ("ANSVM").
A notification stating company's intention to have its shares listed on the Rasdaq market, data identifying the applicant (registration certificate and fiscal code) and name and signatures of the company's representatives.
Besides these periodic reporting obligations, companies whose shares are listed on the BSE market has the obligation to regularly provide information to the BSE, which essentially includes data covering all of the important events in the corporate and business life of the company.
www.usbiz.ro /ag/ag_news.php3?c=2&s=9   (883 words)

  
 iqexpand.com   (Site not responding. Last check: 2007-10-23)
Pagina oficială a Societăţii de Bursă Rasdaq, conţinând informaţii utile despre firmele ale căror acţiuni sunt tranzacţionate.
Rasdaq Online Rasdaq Online (RO) is a software application package for all those who are interested in the evolution of secondary stock market RASDAQ, especially to brokerage companies.
Country: Romania   Title: Government Emergency Ordinance 151 of 15/11/2001 regarding some steps for the reorganization of the RASDAQ market and for the granting of a reimbursable credit by the Public...
rasdaq.iqexpand.com /index.php?title=Whatlinkshere&target=Rasdaq   (247 words)

  
 Custody Services   (Site not responding. Last check: 2007-10-23)
For those held in nominee accounts, ING Bank reports to the relevant registrars the list of beneficial owners of a certain company, upon the registrar's request and quarterly for all the stocks held in custody as the nominee ownership is not recognised by the Romanian law.
Settlements on the BSE and Rasdaq are not true DvP.
A fiscal residency certificate of the claimer and the proof of the paid tax are required by the authorities.
www.ingbank.ro /Products___Services/Custody_Services/body_custody_services.html   (1472 words)

  
 ROMANIA: COUNTRY COMMERCIAL GUIDE - 1998   (Site not responding. Last check: 2007-10-23)
The total market capitalization on RASDAQ (Romanian Association of Securities Dealers Automatic Quotation), as the OTC market is named in Romania, reached lei 5,989 billion (USD 855.7 million) by mid-April 1997.
The main institutional problem affecting the expansion of RASDAQ is the lack of legislation governing foreign portfolio investments.
Other problems affecting RASDAQ’s further development include uneven regulatory policies of the National Securities Commission and higher bank interest rates which have made most individuals prefer bank deposits over portfolio investments.
www.mac.doc.gov /tcc/data/commerce_html/countries/Countries5/Romania/CountryCommercial/1998/TradeandProject.html   (2248 words)

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