NASDAQ OMX Baltic creates a single marketplace - A new trading venue for shares listed on three existing exchanges

NASDAQ OMX Baltic creates a single marketplace - A new trading venue for shares listed on three existing exchanges

18/11/09

NASDAQ OMX Baltic, part of the NASDAQ OMX Group, Inc. (NASDAQ:NDAQ), today announced its intention to create a new single marketplace to trade shares listed on the regulated markets NASDAQ OMX Tallinn, NASDAQ OMX Riga and NASDAQ OMX Vilnius. The Euro will be the trading and settlement currency for the marketplace scheduled to launch in the first half of 2010, subject to member readiness and necessary approval from local authorities.

“NASDAQ OMX is committed to improving the liquidity in the exchanges in Estonia, Latvia and Lithuania and we believe that launching a single currency trading venue will be beneficial to all market participants, listed companies and investors locally and internationally”, said Hans-Ole Jochumsen, President NASDAQ OMX Nordic. “Trading and settling in one currency for the members and investors will increase the accessibility to the Baltic market and thereby make it more attractive”.

The new marketplace will be set up on the same trading platform as the regulated markets, with no additional costs to members and investors to access the new market. This marketplace will have one rulebook and will offer trading in all shares listed on the Baltic stock exchanges. This includes the Baltic Main list as well as the Baltic Secondary list, with all shares that are officially admitted to the regulated markets of all three Baltic countries.

Trading on the regulated markets in local currencies will remain operational after the launch of the new marketplace but the majority of trading is expected to move to the new trading venue. The date of the launch will be decided together with the members, respective Central Banks and Financial Supervisory Authorities as well as other stakeholders.

The listing service and function will not be affected by this change and will remain local. Additionally, there will be no changes in information disclosure rules for the listed companies or information distribution channels for market professionals and investors in the Baltic markets.