The AeRO market was designed from the need of providing a financing alternative for entrepreneurs, and is the equity segment of the alternative trading system managed by the Bucharest Stock Exchange (BVB).

It is a market segment designed for listing of early stage companies, start-ups and SMEs, to finance their projects, growth stories, increase their visibility and contribute to the development of the business environment. Based on the BVB alternative trading system existing since 2010, the AeRO market, under its redesigned and reconstructed concept, was launched on February 25, 2015.

The alternative trading system is not a regulated market in the sense of the European Directives as well as European and the Romanian capital market law, but it is regulated by BVB’s rules and obligations. The alternative system was established by BVB in order to provide a market with less reporting obligations from issuers, but at the same time with sufficient transparency for investors to motivate them to trade.

The AeRO market is dedicated to financing the companies that do not meet the size or history criteria for being listed on the regulated market.