Organisation and operation of the Romanian capital market

The European exchanges are in a development process that means consolidation through mergers and acquisitions and also, innovation of structured and derivatives products. The Romanian capital market has a marginal position on European continent because of its small dimensions and modest offer of derivatives products. Some steps have been made in the development process in Romania, but some measures must be taken in the future: the launch of commodities derivatives, the calculation of new stock indices and mergers between the Romanian exchanges.