HEX, the Helsinki Exchanges and pan-European exchange Euronext, have signed a cross membership and cross access agreement on cash trading.
The agreements cover trading rights and technical solutions to enable exchange members to trade from their actual locations on HEX and Euronext cash markets.
At a technical level, HEX members will have access to the trading of all Euronext cash products via the Euronext NSC trading platform through remote membership links. HEX will also establish an Access Point in Euronext, which offers access for Euronext members to the Finnish securities market. The technical implementation is scheduled to be completed by the end of 2002.
Jean-François Théodore, Euronext chairman, says the co-operation between the exchanges "illustrates the flexibility of the Euronext model and offers users a new investment landscape".