Brokers: All Eyes on XETRA

Brokers: All Eyes on XETRA

As usual on Monday, asked three market analysts to share their expectations about trade this week. Here is what they told us:

Daniel Dimitrov, portfolio manager, Real Finance Asset Management

The last week in which BSE will be using the RTS trading system will be a shorter one. The Board of Directors decided to cancel the last two trade sessions (on Thursday and Friday) so that Central Depository will be able to clear the settlement on all deals before the introduction of XETRA.

Investors will focus their attention on the introduction of XETRA. I expect that the week will not differ much from the last few weeks – that means low turnovers and no major shifts in either direction.

Several general meetings of shareholders, that may of interest to many investors, are scheduled this week but I don't think any surprises are possible. I expect the sell-offs on the position of Krenikovtzi to continue, as the stock has been traded at the minimum price day limit for a few sessions in a row.

Ivan Bachovski, portfolio manager, MKB Unuonbank

The new trade platform XETRA will be launched into operation at the beginning of next week (June 16). But as definite new rules have not yet been announced by BSE, some are skeptical about the meeting of deadlines.

The entirely new interface, as well as the specificities of the brokers terminal J-trader, will probably make trade very cautious at least during the first 2-3 weeks.

Many other peculiarities, such as the 9:30 effect or sudden buy/sell-offs, will remain in history. So in my opinion, the trade sessions will become more fluent and with less speculative deals.

Razvigor Hristov, investment consultant, KD Securities

This is the last week before switching to a new trade platform and there will be no deals on Thursday and Friday. There are no important events scheduled in the following five days that could bring a major change on BSE.

This article is analytical. This is not a recommendation for buying/selling stock.

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