and Africa. January 2010, Sibiu Monetary Financial and Commodities Exchange (SMFCE) had officially launched the regulated spot market and its shares were admitted to trading on the regulated market administered by SMFCE. March, 2011, Sibiu Exchange changed its name into Sibex - Sibiu Stock Exchange (Sibex). Also the new logo of the company was launched, representing 7 Transylvanian cities, signifying the meeting place for the investors who choose to turn their ideas into money. The new logo represents the local tradition of exchange and seriousness. In 2013, Sibex signs the partnership agreement with OPCOM (Romanian Gas and Electricity Market Operator) for the development and launching of the power derivatives on Sibex financial derivatives regulated market. Sibex started to trade futures contract on US stocks, for the first time in Romania. In February 2014, Sibex signed the partnership agreement with ATHEX Group incorporating: the Provision of clearing services from ATHEX Group’s Clearing House “ATHEXClear” under EMIR requirements, use of ATHEX Group multi-exchange trading platform (OASIS) by SIBEX along with ATHEX and Cyprus Stock Exchange, use of XNET services, thus offering access to global markets. In December 2014, Sibex finalizes the project regarding the connection of the derivatives market to a Central Counterparty- ATHEXClear, as well as the migration of the derivatives market to a new trading system. This project is by far, the most important project related to the infrastructure of SIBEX-Sibiu Stock Exchange. Sibex activity is managed by a Board of Directors whose Chairman is Mr. Galatanu Ovidiu Dan. The executive management is run by Mr. Petru Ovidiu as Chief Executive Officer. Merger with Bucharest Stock Exchange In 2017, Bucharest Stock Exchange (BVB) merged with Sibex, concluding with the dissolution of the latter. Products As opposed to Bucharest Stock Exchange, Romania's largest stock market, SIBEX focuses on the derivative financial products. Sibex-Sibiu Stock Exchange was Romania's first and largest market of Futures and Options contracts as a market/system operator it administered the regulated derivatives market, regulated spot market and alternative trading system. On the derivatives market, Sibex was trading products with underlying Single Stock Futures, Futures Index, Commodities Futures and Currency futures. The shares traded on the regulated spot market and on the alternative trading system of Sibex – Sibiu Stock Exchange were settled through Sibex Depository’s system. Clearing and settlement of trades with financial derivatives on the regulated market administered by Sibex – Sibiu Stock Exchange was accomplished by