Date: 11.06.2012
New products and extended market making on the BÉTa Market
(Budapest) As of 11 June 2012, additional foreign equities will be listed on the BÉTa
Market operated by the Budapest Stock Exchange. From then on, the 23 largest and most liquid
European equities from 6 countries and 15 various industries will be available in forints via
Hungarian exchange members.
In addition to the 20 existing European blue-chip shares, securities from three new
foreign issuers – ADIDAS, DEUTSCHE LUFTHANSA and LINDE – will be registered on 11 June 2012 and
become tradable on the BÉTa Market. OTP Bank Nyrt. will support the trading of the new shares
through market making, and will provide continuous liquidity to investors using narrow
bid-ask spread.
OTP Bank Nyrt. began its market making activity in May 2012 on the BÉTa Market offering the
opportunity to trade in European blue chips, increasing the number of market makers on BSE’s
alternative market – together with Erste Investment Ltd. - to two. They provide continuous bids and
offers in the shares’ order books, contributing to the liquidity of the market and the reduction of
trading costs.
In addition to the new foreign equities to be introduced, OTP Bank Nyrt.’s market making
activity will be extended to the securities of three companies already listed on the BÉTa Market:
COMMERZBANK, DAIMLER and SIEMENS.
As Róbert Barlai, Managing Director of OTP Bank Nyrt., remarked in connection with the
listing of the new products and the bank's extensive market making activity, "OTP Bank and its
Treasury business are committed to promoting the development of the domestic capital market. The
launch of our market making activity on the BÉTa Market is an important step in this business
strategy. We want to introduce new products or increase the liquidity of existing ones to help
further expand the range of domestic investors."
BÉTa Piac ("BÉTa Market", "BÉT" being the Hungarian abbreviation for the Budapest Stock
Exchange) provides access in Hungarian forints to the shares of numerous European large companies
issued in foreign currencies, without currency exchange costs. KELER Ltd. settles the transactions
made on BÉTa Piac, guaranteed by KELER CCP Ltd., in a similar manner to on the cash equity market
of the Hungarian Stock Exchange (BSE). From 1 January 2012, foreign shares purchased on the BÉTa
Market can also be deposited in long-term investment accounts (TBSZ) that offer low tax rates.
There are also futures products available at the BSE for the 10 foreign equities with the largest
turnover, providing investors with an opportunity to take leveraged positions.
The detailed trading and settlement rules of the BÉTa Market can be found on the following
websites:
www.bet.hu,
www.keler.hu and
www.kelerkszf.hu.
The list of securities and futures products available on BETa Market and market making
parameters
About Budapest Stock Exchange Ltd.
The CEESEG Group, whose members include the Budapest, Ljubljana, Prague and Vienna
stock exchanges, is the largest stock exchange group in the region. In order to increase the
liquidity of these four markets, CEESEG facilitates access to and trading in local markets. The
members of the CEESEG Group, which enjoys a distinguished international reputation, work in close
cooperation with 12 countries in the CEE region.