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
Standard & Poor's (S&P) affirmed Lithuania's long-term investment grade sovereign foreign currency BBB credit rating and removed it from a CreditWatch negative position, citing government commitments to address deteriorating public finances.
more »
The EBRD-EIB Multilateral Carbon Credit Fund (MCCF) and Azerenerji Joint Stock Company are collaborating in order to promote energy-efficient power generation in Azerbaijan.
more »
U.S. President Barack Obama, meeting with the leaders of Mexico and Canada, called on all three nations hit by the global recession to avoid resorting to protectionism.
more »
A 10-year $75 million EBRD loan will finance the construction of a combined heat and power plant in the east Siberian city of Krasnoyarsk which is expected to improve energy efficiency and cut pollution by 14 percent thanks to the use of more environmentally-friendly technologies.
more »
The Directorate-General for Competition has issued a review of the aid schemes introduced by Member States and approved by the Commission during the financial crisis.
more »
Rescue planes from New Zealand have been taking part in a massive search for passengers after a ferry sank off the coast of Tonga. At least 27 people are missing.
more »
Courtney Adams has always loved cooking. As a kid she baked brownies for her friends and in college her apartment was the place to go to for a home-cooked meal. But she never thought she'd cook for a living.
more »
The European Commission has authorised, under EC Treaty state aid rules, a scheme offering reduced-interest loans to businesses investing in the production of environmentally friendly products, as part of the German package to tackle the current economic crisis.
more »
Ramūnas Bičiulaitis, former board member and financial director of AB LEO LT, starts working as head of the Finance Department of Danske Bankas.
more »
The EBRD has kept up a rapid pace in the syndicated loans market, defying difficult market conditions and pulling together nine deals so far this year, worth a total €1.2 billion.
more »