In order to further integrate the Baltic securities market, the stock exchanges in Tallinn, Riga and Vilnius will introduce joint OMX Baltic Membership as of January 1, 2007. Joint OMX Baltic Membership is an opportunity for a member operating on one Baltic exchange to also trade on the other two Baltic exchanges without the annual fixed fee and introduces a single point of entry.
Becoming a pan-Baltic member across all three stock exchanges will mean a more streamlined application process and cost-savings for the existing and new members. The pan-Baltic structure is to include an easier membership application procedure, simplified reporting to the Financial Supervisory Authority, and the use of a harmonized Guarantee Fund across all three markets.
Enhancement of the current exchange membership concept aims at facilitating access to Baltic securities markets and increasing attractiveness of the region. Currently the Baltic exchanges have a total of 40 members.
Source: OMX
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