Tallinn/Riga/Vilnius, Baltic Market, January 2, 2014 – The NASDAQ OMX Group, Inc. (NASDAQ:NDAQ) announces that euro becomes the single trading and clearing currency for shares listed on NASDAQ OMX Baltic Market. NASDAQ OMX Riga and the Latvian Central Depository successfully introduced trading and clearing in euro for the Latvian securities on January 1 when Latvia became the 18th member of the Eurozone.
“With Latvia joining the Eurozone, a long term goal of having the single trading and settlement currency on the NASDAQ OMX Baltic Market has been achieved,” says Arminta Saladziene, Head of NASDAQ OMX Baltic Market. “It is another major step towards integration of the Baltic Market, making the region more accessible and attractive to international and local investors.”
The single currency makes the Baltic Market offering more investment friendly, cost efficient, and convenient to market participants and investors, alongside with its other core features - the common leading global trading systems INET and GENIUM INET, Baltic membership, a harmonized market model and trading rules as well as pan-Baltic settlement links.
“Changeover to the euro in Latvia will benefit the country and our capital markets,” says Daiga Auziņa-Melalksne, Head of Exchange Services at NASDAQ OMX Baltic Market. “The currency of the Euro area which has a strong international presence and is widely accepted on the global financial markets will decrease costs for cross border investments and is expected to make the Baltic Market more resilient and efficient, which will benefit all market participants.”
Estonian securities are traded in euro since 2002 and cleared since 2011 when Estonia joined the Eurozone. Euro trading, clearing and settlement of the Lithuanian equities were introduced in 2010. Lithuania is aiming to adopt euro as its national currency in 2015.
Read more: http://www.nasdaqomxbaltic.com/en/news/about-changeover-to-euro/
About NASDAQ OMX Group
NASDAQ OMX (NASDAQ: NDAQ) is a leading provider of trading, exchange technology, information and public company services across six continents. Through its diverse portfolio of solutions, NASDAQ OMX enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today’s global capital markets. As the creator of the world’s first electronic stock market, its technology powers more than 80 marketplaces in 50 countries, and approximately 1 in 10 of the world's securities transactions. NASDAQ OMX is home to more than 3,300 listed companies with a market value of over $7 trillion and more than 10,000 corporate clients. To learn more, visit www.nasdaqomx.com.
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Media Relations Contact:
Audrone Ranonyte
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