One in 1383 Bulgarians is Trading Through COBOS

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One in 1383 Bulgarians is Trading Through COBOS

At the end of February 2008 the number of Bulgarians using BSE's online trading system (COBOS) stood at 5551, the bourse's statistics shows.

This means that one in 1383 people in the country trades online (according to the National Statistics Institute, Bulgaria's population totals 7.679 mln people).

The Investment Intermediaries

Investment intermediary Karoll has the most clients (1,334 people), according to February statistics. Next are BenchMark Finance and Elana Trading. The biggest intermediary outside the capital city continues to be Ug Market.

A total of 12 intermediaries have more than 100 clients (versus five last year).

The Hike

The number of COBOS certificates nearly doubled during the past year, from 2799 in February 2007 to 5551 this year. In February 2006 the figure was 1663.

118 new certificates were issued last month.

How much does it cost?

“Client Order-Book Online System (COBOS)” is an interet application with authorized secured access to BSE's trade system. If you are interested in online stock trading, just ask your nearest investment intermediary. Most of them offer this service with no annual fee, the commissions vary between 0.3 and 1%.

IntermediaryFeb 2008Feb 2007
1Karoll1334741
2BenchMark Finance961416
3Elana Trading949438
4Ug Market293103
5Eurobank EFG179108
6SIS16667
7Capman16568
8Popular Casa 9514565
9Zagora Finarcoop 11770
10Bulbrokers11144
11Bora Invest10785
12Real Finance10330
13Varchev Finance8747
14Somoni FB7539
15FFBH7236
16Status Invest6541
17BG Proinvest6247
18MKB Unionbank5825
19KD Securities5639
20Piraeus Bank438

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