What is the MIC of BVB Growth Market?

XGRW, a segment MIC under the operating MIC XBSE (ISO 10383).

Is XGRW an operating or a segment MIC?

A segment MIC. It belongs to the operating MIC XBSE (Spot Regulated Market - BVB).

How is XGRW written in a settlement instruction?

As the place of trade, for example :94B::TRAD//EXCH/XGRW in an MT541 or MT543, and as the market identifier code in ISO 20022 messages such as sese.023. In FIX it goes in tags such as 207 SecurityExchange or 30 LastMkt.

ISO 10383 Market Identifier Code

XGRW: BVB Growth Market

Written and maintained by ZagTrader. Last reviewed 21 October 2026. How this page is sourced and checked

XGRW is the segment MIC of BVB Growth Market, Bucharest, Romania. It is a segment of XBSE (Spot Regulated Market - BVB). The code is active in the October 2026 release.

Details

MIC	XGRW
Type	Segment MIC
Operating MIC	XBSE
Market name (as published)	BVB GROWTH MARKET
Legal entity	BURSA DE VALORI BUCURESTI SA
LEI	2549004BOCU15LMNDJ92
Market category	MLTF: Multilateral Trading Facility
Acronym	None
Country	Romania (RO)
City	BUCHAREST
Website	WWW.BVB.RO
Status	Active
Created	25 May 2026
Last updated	25 May 2026
Last validated	25 May 2026

Other segments of XBSE

MIC	Segment	Category	Status
XBSD	DERIVATIVES REGULATED MARKET - BVB	RMKT Regulated Market	Active
XCAN	CAN - ATS	MLTF Multilateral Trading Facility	Active
XMTI	BVB MTS INTERNATIONAL	MLTF Multilateral Trading Facility	Active
XNRG	BVB ENERGY DERIVATIVES	RMKT Regulated Market	Active
XRAS	RASDAQ	NSPD Not Specified	Active

Using XGRW in messages

Standard	Where	Example
Swift MT	Place of trade (field 94B, qualifier TRAD) in the MT541 and MT543 settlement instructions and their confirmations	`:94B::TRAD//EXCH/XGRW`
ISO 20022	The market identifier code of the place of trade, for example in a sese.023	`<MktIdrCd>XGRW</MktIdrCd>`
FIX	207 SecurityExchange, 30 LastMkt, 100 ExDestination	`30=XGRW`

Questions

What is the MIC of BVB Growth Market?: XGRW, a segment MIC under the operating MIC XBSE (ISO 10383).
Is XGRW an operating or a segment MIC?: A segment MIC. It belongs to the operating MIC XBSE (Spot Regulated Market - BVB).
How is XGRW written in a settlement instruction?: As the place of trade, for example :94B::TRAD//EXCH/XGRW in an MT541 or MT543, and as the market identifier code in ISO 20022 messages such as sese.023. In FIX it goes in tags such as 207 SecurityExchange or 30 LastMkt.

MIC codes of the markets we connect to · Official ISO 10383 list · Currency codes · ISIN checker

Source: ISO 10383 Market Identifier Codes, October 2026 release (effective 26 October 2026), published by the ISO 10383 registration authority at iso20022.org. Check the current file before relying on a MIC. ZagTrader is not affiliated with ISO or the registration authority.