TopStock Exchange Market

Authority of regulation and surveillance providing the smooth functioning of transferable securities, of the activities of transferable securities' agencies, of the organisms legally authorized to secure the functioning of transferable securities market.

At the Bucharest Stock Exchange (BSE)are quoted the stocks of the Romanian large companies. The right to negotiate and conclude transactions within BSE exclusively belongs to trasferable securities companies members of BSE. The transferable securities companies are joint stock companies which are agents of transactions with tranferable securities, but whIch can also operate as a broker or dealer. The transactions held at BSE are electronically assisted operations by the Automatic Transaction and Execution System. link www.bvb.ro

Over the counter market (OTC) acts as a company named RASDAQ (similar to NASDAQ), being a transferable securities' transaction electronic system of the National Association of transferable securities companies. link www.rasd.ro