The Romanian Commodities Exchange (BRM), the oldest private operator of commodity trading platforms in Romania, officially started its activity in the Republic of Moldova, contributing to building a competitive, transparent and non-discriminatory energy market, Moldpres reported on Oct. 25, 2024.
BRM had already launched in May 2024 BRM East Energy, now renamed BRM East, a subsidiary, in the neighbour country.
Earlier this year, EU commodity exchanges were recognized by Moldova’s Parliament, through a deregulation package submitted by the Ministry of Economic Development and Digitalization, aimed at facilitating the local entrepreneurs’ access to foreign markets with fair prices and reduced risks.
In H1 2024, BRM saw a surge in activity on an annual basis, with 13.2TWh changing hands on the spot and forward gas platforms. During the same period, the number of registered participants also increased from 130 to 150, accoring to London-based Independent Commodity Intelligence Services.
On May 22, 2024, the Nominated Electricity Market Operators (NEMOs) and Transmission System Operators (TSOs) cooperating in the BRM Local Implementation Project, which aims at integrating BRM into the European Single Intraday Coupling market (SIDC), confirmed the successful addition of BRM’s trading platform to SIDC. BRM first applied to become a NEMO spot electricity market operator in 2013.
Developed according to the model of the leading international commodity exchanges, BRM has as clients organisations from the public and the private sectors. The mission of the BRM is to manage electronic trading platforms and open outcry procedures under the maximum safety, transparency and increased liquidity. In order to achieve this mission, it aims to gains local and international recognition as representative of the commodities market.
