Tallinn Stock Exchange has begun live trading of TSE listed securities over the Helsinki exchange HEX trading system.
The move represents the introduction of HEX Tallinn, the group for HEX's activities in Estonia consisting of Tallinn Stock Exchange and Estonian CSD.
HEX members Mandatum Stockbrokers and Nordea Securities have already started trading in TSE products. Evli Bank and Credit Suisse First Boston Europe have been approved and will follow shortly.
Gert Tiivas, CEO of HEX Tallinn and senior vice president of HEX's Baltic operaions, says: "Enabling easy access for European investors and intermediaries to the interesting companies in the fast-growing Baltic area is key to overcome the disadvantages of small size of the domestic market. The best Baltic companies, both listed and those considering listing, will now have direct access to a large audience of potential investors, who are eager to participate in their growth."