Romanian Commodities Exchange
The right place for the profitable transactions
Long term strategies will ensure high volumes of tranzactions and product diversity to meet the participants needs timely and efficiently under maximum security and transparency.
RCE will employ both the traditional floor trading and the electronic trading systems in pursuing a leading rol in the exchange market, domestically, regionally and internationally.
Transparency - all the information with regard to RCE markets are made public
Integrity -observance of the legal regulations and internal ethical norms in place
Guarantee - tranzaction certification by integration of clearing services
Efficiency - quick response to market signals and participants needs
Competitiveness - continue innovation and adaptation, to the market changes and trends in behalf of all participants
„The strategy for the next period employs two major approaches. The first one will consolidate and optimize the mechanisms in place, gain the public acceptance by buiding a healthy and trusty relationship with the public, attract new clients. The second one will focus on continuos growth and bringing institutional investors by translating the market signals and trends into specifically taylord mechanisms and products and by partnerships with other entities abroad.
President & CEO
„The development of spot and derivatives markets respresent two main objectives of RCE’s management, by which a competitive position for the commodity exchange within the business environement is assured, as an important spot for bussiness and useful information.
The Cash market shall develop by forward contracts and by other derivatives products operations”.
RCE – REFERANCE DATA
The Romanian Commodity Exchange (RCE) – private company of public interest is the only Commodities Exchange in Romania and operates in compliance with the legal provisions in place (Law no. 357/2005).
RCE’s activity is based upon the support and cooperation with its 112 shareholders,that include: companies within the energetical and natural gas fields; companies within the agriculture field, construction field, transportation field, electrotechnical field, pharmaceutics industry field, touring field; commercial banks, territorial chamber of commerce, services and financial investements companies, brokerage companies, consulting services companies.
Services offered by RCE:
RCE in figures: 1996 – 2008
The most important clients and their fields of activity
Transportation – Autoritatea Aeronautică Civilă Română, Administraţia Canalelor Navigabile SA Constanţa, Aeroportul Internaţional Constanţa, Aeroportul Internaţional Bucureşti Băneasa "Aurel Vlaicu" SA, Aeroportul Internaţional Henri Coandă Bucureşti SA, Administraţia Porturilor Dunării Fluviale SA Giurgiu, Administraţia Porturilor Maritime S.A. Constanţa, Autoritatea Rutieră Română, Societatea Naţională de Transport Feroviar Călători "CFR CĂLĂTORI" SA, Societatea Naţională de Transport Feroviar Marfă "CFR MARFĂ" SA, Compania Naţională de Cai Ferate "CFR" – SA, Societatea Comercială de Întreţinere şi Reparaţii Locomotive şi Utilaje "CFR IRLU" SA, Compania Naţională de Autostrăzi şi Drumuri Naţionale din România SA, Registrul Auto Român, Regia Autonomă de Transport Bucureşti, METROREX SA
Communication – Compania Naţională POŞTA ROMÂNĂ SA, Compania Naţională de Radiocomunicaţii Navale "RADIONAV" SA, SC "Telecomunicaţii CFR" SA
Army – military facilities (over 30)
Construction – Agenţia Naţională pentru Locuinţe, Inspectoratul de Stat în Construcţii, Centrul de Documentare pentru Construcţii, Arhitectură, Urbanism şi Amenajarea Teritoriului, Institutul Naţional de Cercetare-Dezvoltare în Construcţii şi Economia Construcţiilor
Electric power – ELECTRICA SA, HIDROELECTRICA SA, SN NUCLEARELECTRICA SA, TERMOELECTRICA SA, Compania Naţională de Transport a Energiei Electrice "TRANSELECTRICA" SA, Societatea Comercială Filiala de Întreţinere şi Servicii Energetice "ELECTRICA SERV" SA, Centrale Electrice de Termoficare, Filiale de Distribuţie şi Furnizare a Energiei Electrice, Sucursale de Întreţinere şi Servicii Energetice Electrice, RADET
Oil Proccessing – PETROM SA, LUKOIL ROMANIA SRL, ROMPETROL DOWNSTREAM SA, RAFINARIA STEAUA ROMANA SA, ECO PETROLEUM SA, GEO GAZOIL TRANS SRL, MOL ROMANIA PETROLEUM PRODUCTS SRL, OSCAR DOWNSTREAM SRL
Administration – Municipal Councils - over 70, Local Councils, District Councils, General Directions of Social Assistance and Child Protection
Culture – kindergartens, schools, highschools, universities, museums, theatres
Public Health – hospitals - over 50, institutes, ambulance services
Justice System – courts from Arad, Giurgiu, Neamţ, Suceava; penitentiaries from Bacău, Oradea, Aiud , Harghita
The RCE is the solely administrator of this market and manages all Spot and Forward Contracts with physical delivery on a large variety of fungible products. The trading can be done traditionaly and electronically.
The legal framework: Law 357/2005 governing commodities exchange
Since 2007, RCE issues weekly oil products quotations for a large variety of products:
RCE Cash Market is the best solution for both private and public partners.
The commodities purchase/sale, quoted in conditions of maximum transparency and the market access are easily initiated by simply issuing a buying/selling order.
The advantages of Cash market trading:
Cash Market in figures:
2006 -2008: 265 millions EUR
2008: 142 millions EUR
Whom do we address?
The Cash market trading can be made by open outcry or electronically.
The Auction Market developed by RCE is organized around the interest for commodities, services and public developments. The trading can be done traditionaly and electronically.
The legal framework:
Law 357/2005 governing commodities exchange
The services offered by RCE on Auction Market are:
RCE services on Auction market address to:
The trading takes place on the exchange floor, by open outcry.
The competitive advantages of Auction Market are:
RCE offers assistance to departments responsible for sale/procurement contracts awards, including the public ones:
Auction Market in figures:
Public procurement consulting services since G.E.O. no. 34/2006 came into force:
Period 30.06.2006 - 30.06.2008:
Period 01.01.2008 – 31.12.2008:
Information with regard to application procedures and auctions schedule are posted on the web too: www.brm.ro or www.achizitii.ro. Contact person with the commodities exchange in Harghita area is Mr. Tibor Benko Executive Director, Tel: 0730-715903 ; e-mail : firstname.lastname@example.org .
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