BRK Financial Group started to act as Market Maker for OMV Petrom shares

3/9/2021

Bucharest Stock Exchange (BVB) informs that on Tuesday, March 9th, BRK Financial Group (BRK), the only brokerage company listed on BVB, started to act as Market Maker for OMV Petrom (SNP) shares, the largest energy company in South-Eastern Europe.

BRK Financial Group will provide BID and ASK quotes for minimum 250,000 OMV Petrom shares, volume ten times larger than the minimum 25,000 OMV Petrom shares volume mentioned in the Pilot Program designated for Market Makers on BVB.

The specific parameters that apply to the MM activity provided by BRK Financial Group for OMV Petrom shares are available in the table below.

Financial

Instrument

Type of Financial

Instrument

Specific Parameters

Name

Value

SNP

shares

Minimum volume corresponding to the firm bid-ask quotes

 

250,000 financial instruments

Maximum spread between the bid and ask quotes placed by the Participant

 

3%

Minimum period for maintaining the bid and ask quotes during one trading session

60% of the trading session or if the symbol was suspended from trading, from the period in which was traded during the trading session.

 

OMV Petrom shares benefit from the market making services provided as well by Wood & Company Financial Services (Issuer's Market Maker) and Raiffeisen Centrobank AG (Market Maker).