SIBEX, the derivatives and cash market exchange located in Romania has announced that its Mr Teodor Ancuta will step down as CEO in the coming months. While remaining Chairman of the exchange he founded in 1994, Mr Ancuta announced at a press conference in Bucharest on April 11th that he will be succeeded as CEO by Patrick L Young, long-time exchange industry expert and author of books such as "Capital Market Revolution!"
SIBEX is based in the Romanian city of Sibiu and matched more than 1.5 million futures and options contracts during 2010.