Markets Managed by the Romanian Commodities Exchange

Centralized platform for standardized products with short terms and immediate delivery, in accordance with ANRE regulations, operating non-stop, 24/7. Spot clearing and settlement are managed by the Romanian Commodities Exchange as Counterparty.

Tradable products on the SPOT Market include natural gas with delivery:

• Day Ahead (Day Ahead);
• Within Day (Within Day).

Standardized products with medium and long terms, for contracts with physical delivery.
Tradable products on the Gas Forward Market include natural gas delivered in various intervals: week, month, quarter, half-year, cold season, warm season, gas year, calendar year.
The trading schedule is Monday to Friday, between 10:00 AM – 03:00 PM, with the exception of legally declared non-working days.
Products can be traded under a Central Counterparty regime or based on standard contracts. Standard contracts or other OTC transactions can be transferred under a Counterparty (CCP) regime.

Standardized products with medium and long terms, where a Clearing House is used.
Tradable products on the Gas Forward CCP Market include natural gas delivered in various intervals: week, month, quarter, half-year, cold season, warm season, gas year, calendar year.
The trading schedule is Monday to Friday, between 10:00 AM – 03:00 PM, with the exception of legally declared non-working days.
The clearing and settlement process is managed by the Romanian Commodities Exchange as Counterparty.

A market operated in partnership with S.N.T.G.N. Transgaz, with the Romanian Commodities Exchange as the party designated by the TSO as Counterparty. The purpose of this market is to facilitate the trading of natural gas quantities resulting from the initial daily balance, allowing them to be traded within the daily imbalance communicated by the TSO for gas day D-2.

Derivative products with standardized medium and long terms with physical delivery.
Tradable products on the Futures Market include natural gas delivered in various intervals: week, month, quarter, half-year, cold season, warm season, gas year, calendar year.
The trading schedule is Monday to Friday, between 10:00 AM – 03:00 PM, with the exception of legally declared non-working days.

The BRM Auctions Market facilitates the buying and selling of goods, products, rental of spaces, and valorization of waste. Auction procedures are addressed to private commercial companies, public authorities, and individuals. Transactions can take place electronically or with physical presence in the trading ring. The advantages of this market include a large number of participants, transparency, electronic negotiation, and reduced deadlines. BRM also offers consulting and assistance services in organizing procurement and sales procedures.

Centralized platform for standardized products with short terms and immediate delivery, in accordance with ANRE regulations, operating non-stop, 24/7. Spot clearing and settlement are managed by the Romanian Commodities Exchange as Counterparty.

After obtaining the status of DSO (Designated Electricity Market Operator), through the collaboration agreement signed with Nord Pool A.S., the Romanian Commodities Exchange (BRM) is in the process of developing and launching the coupled markets DAM (Day-Ahead Market) and IDM (Intraday Market).

Centralized platform for standardized products with short terms and immediate delivery, in accordance with ANRE regulations, operating non-stop, 24/7. Spot clearing and settlement are managed by the Romanian Commodities Exchange as Counterparty.

After obtaining the status of DSO (Designated Electricity Market Operator), through the collaboration agreement signed with Nord Pool A.S., the Romanian Commodities Exchange (BRM) is in the process of developing and launching the coupled markets DAM (Day-Ahead Market) and IDM (Intraday Market).

A market intended for Large Consumers and allows the negotiation and trading of bilateral electricity supply contracts with a delivery duration greater than or equal to one month, in accordance with EU Regulation no. 943/2019 on the internal electricity market.
Tradable products on the OTC Market include electricity delivered in various intervals: month, quarter, half-year, cold season, warm season, gas year, calendar year.
The trading schedule is from Monday to Friday, between 10:00 AM – 03:00 PM, with the exception of legally declared non-working days.

Medium and long-term contracts, settled by physical delivery.
Tradable products on the Forward Energy Market include electricity delivered in various intervals: month, quarter, half-year, cold season, warm season, gas year, calendar year.
The trading schedule is from Monday to Friday, between 10:00 AM – 03:00 PM, with the exception of legally declared non-working days.

Trade Now

BRM-OTF exclusively trades financial instruments represented by emission allowances, as defined in point 11 of Section C of Annex 1 of Law 126/2018. These emission allowances refer to “any units recognized as complying with the requirements of Government Decision no. 780/2006 on establishing the scheme for trading greenhouse gas emission allowances, with subsequent amendments and additions, and Government Emergency Ordinance no. 115/2011 on establishing the institutional framework and authorizing the Government, through the Ministry of Public Finance, to auction greenhouse gas emission allowances allocated to Romania at the European Union level, approved by Law no. 163/2012, with subsequent amendments and additions.”

Auctions for the acquisition of natural gas, procedures initiated by end-consumer clients.
The assets traded within this ring are exclusively natural gas used by clients who initiate auctions for non-commercial purposes, i.e., for their own consumption.

Auctions for the acquisition of electricity, procedures initiated by end-consumer clients.
The assets traded within this ring are exclusively electricity used by clients who initiate auctions for non-commercial purposes, i.e., for their own consumption.

Auctions for the acquisition or sale of petroleum products, including fuels (bulk or vouchers/cards) for vehicle fleets, as well as products used for heating or for the operation of various industrial installations.

Auctions for the acquisition or sale of fungible construction materials, used in road construction (roads, bridges), civil construction (civil, industrial buildings) or special construction (dams, communication systems, etc.).

Auctions for the acquisition, sale, or exchange (SWAP) of greenhouse gas emission allowances, such as EUA or CER types.

Auctions for the acquisition or sale of vegetable and fruit products, either fresh or preserved.

Auctions for the acquisition or sale of any fungible product whose trading frequency does not justify its inclusion in a specific trading ring, such as electricity, construction materials, cereals, or natural gas.

Auctions for the acquisition or sale of fungible products originating from the agricultural sector.

According to Government Ordinance no. 7/2009, the collaboration between BRM, CEC Bank, and the Rural Credit Guarantee Fund (FGCR) introduced a new guarantee scheme for deposit certificates for consumer seeds.
These certificates can also be traded in the Cereals Trading ring, thus contributing to the development of a market for deposit certificates intended for consumer seeds.