Romanian brokerage houses are rather skeptical about the potential of Romanian investors to invest on London’s bourse (LSE), even while the Financial Services Authority (FSA) is taking steps to facilitate long-distance connection and trading for Romanian intermediaries, reported Business Standard daily.

The London Stock Exchange (LSE) is the largest European stock exchange and the second in the world according to capitalization of traded companies, worth EUR 4,700 billion.

“The potential of Romanian investors is not very high, and interest in London could be rather exotic,” Petru Prunea, President of SSIF Broker Cluj, told Business Standard.

“Let’s say, for instance, that one needs at least EUR 100,000 to trade efficiently in London. There are not a lot of Romanians who know the mechanisms of this market well enough,” added Iulian Panait, President of the KTD Invest advisory company, which functions as an “introducing broker” for Saxo Bank.

This is one of the few branches which handles foreign Romanian transactions. Estimates for annual transactions by Romanians abroad amount to several tens of millions of euro annually.