The National Stock Exchange of Lithuania (NSEL) announces that the Lithuania Capital Market Development Project, funded by the International Development Agency US (USAID) and implemented by the US company The Pragma Corporation, is successfully entering i
Published:
20 February 2000 y., Sunday
|
Reports & significant topics |
|
11 February 2000
THE
NATIONAL STOCK EXCHANGE OF LITHUANIA
Press
Release
The National Stock Exchange of Lithuania (NSEL)
announces that the Lithuania Capital Market Development Project, funded by
the International Development Agency US (USAID) and implemented by the US
company The Pragma Corporation, is successfully entering its final phase.
The objective of the Project was to assist the NSEL in development of a
new trading system in order to satisfy the growing needs of market
participants and meet the requirements of a modern stock exchange.
Technically this objective now can be achieved with the
computer and telecommunications equipment of a new generation, donated to
the NSEL by the US Government. The whole value of the Project was USD 340
thousand. We are happy to announce that all the equipment is installed,
operational and supports the new automated trading system TATS, creation
of which was started by the NSEL in June 1999.
The new system is reliable, fast, and flexible. It is a
contemporary technical solution. Furthermore, this system is much more
user-friendly and allows the market participants to develop their own
automated systems. The advanced level of Gateway machines and workstations
facilitates an easy connection to the trading systems of other stock
exchanges and brings the plans of the NSEL with regard to cooperation with
the stock exchanges of other Baltic countries and those of NOREX alliance
closer to implementation. Full implementation of the new trading system
TATS is scheduled for June 2000.
Rimantas Busila
President of the NSEL
|
Šaltinis:
THE NATIONAL STOCK EXCHANGE OF LITHUANIA
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
On 31 August 2009 in a non-public way AB Bank SNORAS issued the emission of perpetual debt securities included into the bank capital amounting to LTL 72.5 million.
more »
The European Commission, through its longstanding cooperation with the US and Canada, announces the launch of 33 new and innovative projects involving universities and training institutions on both sides of the Atlantic.
more »
Today at the VII World Congress on Alternatives and Animal Use in the Life Sciences in Rome, the European Commission and the European cosmetic industry presented their joint financial effort for research into alternative safety testing methods.
more »
SEB Bank, the largest bank in Lithuania, invests almost LTL 4.6 million in to the upgrade of its data transmission network.
more »
The World Bank’s Board of Executive Directors today approved a credit of US$ 36.6 million equivalent of additional financing for the Lifeline Road Improvement Project for Armenia.
more »
The Executive Board of the International Monetary Fund (IMF) today completed the first review of Latvia's performance under an economic program supported by a 27-month Stand-By Arrangement.
more »
The Commission has today decided to close the formal investigation procedure into the privatisation and restructuring of Austrian Airlines concluding that the restructuring following its sale to Lufthansa is compatible with community law.
more »
Ben Bernanke's reappointment as head of the Federal Reserve did not come as a surprise, but Wall Street still responded with the proverbial thumbs up.
more »
Over I half-year 2009 accommodation establishments had by 22 per cent less guests.
more »
In the first such transaction in Russia, carbon credits generated by utilising gas which would otherwise be flared at an oilfield in eastern Siberia are to be purchased through a carbon fund set up by the EBRD and the European Investment Bank (EIB), the Multilateral Carbon Credit Fund (MCCF).
more »