OMHEX Tallinn, Riga and Helsinki markets to adopt new trading platform
19 February 2004 | 3430 views | 0
In a bid to created an integrated Nordic and Baltic marketplace, OMHEX's exchanges in Tallinn, Riga and Helsinki will move to the same trading platform by the end of September 2004.
The platform is already used by the Norex alliance of markets in Sweden, Denmark, Iceland and Norway.
OMHEX says common trading and market data systems will enable members to trade on all connected markets by providing just one application, but relevant approval from securities market supervisors will still need to be obtained.
As a next step, OMHEX markets plan to adopt single settlement system, rulebook and orderbook by 2006.