ROTX

ROTX

Romanian Traded Index
Historical logarithmic graph of the ROTX from 2005 to 2026
Foundation15 March 2005; 21 years ago (2005-03-15)[1]
Operator
Trading symbolROX[a]
Constituents14[2]
TypeLarge-cap
Market capUS$30.4 billion[3]
(2026)
Weighting methodFree-float capitalization-weighted
Related indices
Websitewww.wienerborse.at
ISINAT0000600481[b]
Reuters.ROTXUSD[c]
BloombergROTXUSD[d]

The Romanian Traded Index (ROTX) is a stock market index that tracks the performance of the most liquid and actively traded stocks listed on the Bucharest Stock Exchange (BVB).[1] The index was developed by the Bucharest Stock Exchange in collaboration with the Wiener Börse, which calculates and disseminates it in real time.[1]

Unlike the BET Index, the local benchmark of the Romanian capital market, ROTX is designed as a tradable index licensed as an underlying asset on international markets for foreign investors. It serves as the basis for a range of financial derivatives, including futures contracts and options, as well as structured products such as warrants, index certificates, swaps, exchange-traded funds (ETFs), and exchange-traded notes (ETNs).[1]

Because the Wiener Börse disseminates it in major global currencies, such as the euro and the U.S. dollar, ROTX reduces foreign exchange risk for institutional investors. Several investment funds, such as BT Index Romania ROTX,[4] also allow investors diversified exposure to the blue chip stocks of the Romanian capital market.

History

The cooperation between the Bucharest Stock Exchange (BVB) and Wiener Börse was formalised through a memorandum of understanding signed in December 2004.[5][6][7] The agreement laid the foundation for a long‑term partnership aimed at developing modern and efficient capital markets in both countries, with the joint development of a Romanian index as its first project.[7]

The ROTX was officially launched on 15 March 2005, with a base value of 1,000 points set retroactively to 1 January 2002.[8] The partnership aimed to increase the visibility of the Romanian capital market among foreign institutional investors by leveraging the technical infrastructure and calculation standards of the CECE Index Family, the Wiener Börse regional index focusing on Central and Eastern Europe.[8][9] Initially, the index comprised six companies, covering about 80% of the trading volume and 85% of the market capitalization of the Bucharest Stock Exchange.[9]

In 2007, Wiener Börse and BVB extended their co‑operation to include joint real-time data dissemination, further raising the international profile of both exchanges.[10] The index composition has been adjusted regularly to reflect changes in the Romanian market, including the addition of newly listed companies such as Digi Communications (2017) and Hidroelectrica (2023).[11][12]

On 24 April 2020, Wiener Börse introduced the ROTX Total Return (ROTX TR) and the ROTX Net Total Return (ROTX NTR), both free‑float weighted total return indices that include dividend payments. While the ROTX TR reflects gross dividend reinvestment, the ROTX NTR accounts for net dividend payments (after withholding taxes), thus reflecting the net total return of the underlying portfolio. Both indices are calculated in euros and Romanian lei and can be used as underlying assets for structured products and standardised derivatives.[13][14] The launch was a response to the demand from international market participants for products that reflect the attractive dividend yields of the Romanian growth market.[14]

Index methodology

ROTX is a price index, which means that it does not include dividends paid by its constituent companies in the calculation of its value, unlike the total return variants published on 24 April 2020.[14]

The index is a free‑float capitalization-weighted index. Weights are determined by the free float of each component and are capped at 20% per company to ensure diversification and compliance with UCITS standards.[15][16]

The index composition is reviewed semi‑annually in March and September. Calculation parameters, such as free-float factors and caps, are updated quarterly by the CEE & CIS Index Committee of Wiener Börse.[15][17]

The index is calculated and disseminated in real time by the Wiener Börse in euro, U.S. dollars and Romanian lei, and has been adopted by international data vendors such as Bloomberg L.P. and Reuters.[9][18]

Composition

As of 2026, the Romanian Traded Index consists of the following 14 companies:[2]

See also

Notes

  1. ^ Also traded as ROE for euros and ROL for Romanian lei.
  2. ^ Also tracked as AT0000600473 for euros and AT0000600465 for Romanian lei.
  3. ^ Also tracked as .ROTXEUR for euros and .ROTX for Romanian lei.
  4. ^ Also tracked as ROTXEUR for euros and ROTXL for Romanian lei.

References

  1. ^ a b c d "Launch of the Romanian Index in cooperation". Wiener Börse AG. Retrieved 16 April 2026.
  2. ^ a b "ROTX USD AT0000600481 INDEX • Composition". Wiener Börse AG. Retrieved 16 April 2026.
  3. ^ "ROTX USD PRICE • INDEX • AT0000600481". Wiener Börse AG. Retrieved 16 April 2026.
  4. ^ "BT Index Romania ROTX". btassetmanagement.ro. Retrieved 16 April 2026.
  5. ^ "Wiener Börse and Bucharest Stock Exchange intensify cooperation". Wiener Börse AG. Retrieved 16 June 2026.
  6. ^ Zamora, Gabi (15 December 2004). "BVB va lansa indicele ROTX la Bursa de la Viena". Ziarul Curentul (in Romanian). Retrieved 16 June 2026.
  7. ^ a b "Vienna And Bucharest Stock Exchanges Sign Memorandum Of Understanding". Global Custodian. 20 December 2004. Retrieved 16 June 2026.
  8. ^ a b "Launch of the Romanian Index in cooperation". Wiener Börse AG.
  9. ^ a b c "Sase companii romanesti, cotate la Viena". wall-street.ro. Retrieved 12 June 2026.
  10. ^ "Wiener Börse Launches Joint Data Dissemination With Bucharest Stock Exchange". mondovisione.com. Retrieved 12 June 2026.
  11. ^ "Hidroelectrica debuts trading following a jumbo IPO worth EUR 1.9 billion". Bucharest Stock Exchange. 30 June 2023. Retrieved 24 April 2026.
  12. ^ "Premier Energy se listează la Bursa de Valori București, în urma celui mai mare IPO derulat de o companie antreprenorială în ultimii cinci ani; Radu Hanga: Prin listarea Premier Energy, vedem o creștere a reprezentativității sectorului energetic și de utilități la BVB la 66% din capitalizarea totală". Financial Intelligence (in Romanian). 28 May 2024. Retrieved 16 April 2026.
  13. ^ "ROTX NTR - ROTX Net Total Return". wienerborse.at. Retrieved 16 June 2026.
  14. ^ a b c "Vienna Stock Exchange expands offering for CEE and CIS indices". Wiener Börse AG. Retrieved 12 June 2026.
  15. ^ a b "ROTX - Romanian Traded Index". wienerbourse.at. Retrieved 12 June 2026.
  16. ^ "Flamingo si Compa in discutii pentru ROTX". ZF.ro (in Romanian). Retrieved 12 June 2026.
  17. ^ "Index committee decisions • Vienna Stock Exchange". Wiener Börse AG. Retrieved 12 June 2026.
  18. ^ "Indicele ROTX, preluat de reteaua Bloomberg". wall-street.ro. Retrieved 12 June 2026.

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