Thu, 28 Oct 1999: Baltic bourses gear up for Norex membership…



Tiivas said on Oct. 22 that actual negotiations on cooperation between the Baltic stock exchanges and Norex will probably begin next year. Common membership is realistic some time in the first half of 2001 at the earliest, according to Tiivas. He also said it was important to see whether the Estonian market is able to cope with the costs of the process. "The costs also depend on what cooperation model we will choose," Tiivas said. "Whether we take over the trading system used in Norex without changes, what the communication costs will be, and many other factors," he said. The council of Norex invited the three Baltic stock exchanges to official negotiations in September. The Tallinn stock exchange has issued powers to its board for holding ... Read the rest of this entry »

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