kw:public.logo_text

First North marketplace to be launched in the Baltics

08.05.2007

According to the press release of OMX Baltic Exchange of 7 May 2007, alternative marketplace First North will be introduced in the Baltics in 2007. Following the success of First North launch in Nordic countries (2005 in Denmark, 2006 in Sweden and 2007 in Iceland and Finland), the OMX Group strives to launch First North also in the Baltics (see: www.firstnorthbaltic.omxfroup.com).

First North is an alternative market, operated by different exchanges within OMX. It does not have the same legal status as a regulated market in EU according to MiFID. First North is operating as a multilateral trading facility rather than a regulated market, whereby trading is organized with a less complicated set of rules and supervision is carried out on self-regulation basis. For companies, First North provides an easy access to the Nordic, Baltic and global financial markets and for investors additional investment possibilities.

In order to launch First North Baltic, the stock exchanges of Tallinn, Riga and Vilnius are currently harmonizing their market rules and negotiating with Certified Advisers.

Back  |  Disclaimer