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
The finance chiefs from the leading economies met in southern England to discuss measures to deal with the global economic crisis.
more »
Environmental projects up for bid at ‘auction floor’ conference in Brussels.
more »
In the United States increasing numbers of men are having vasectomies to avoid any added strain on hard-pressed finances.
more »
Within last year the number of settlement operations made by using AB Bank SNORAS payment cards grew by 21 per cent or twice more than on the market where 10 per cent growth was fixed.
more »
The “Erika III” package, aimed at protecting Europe's coasts from maritime disasters and improving passenger and crew safety, was adopted by Parliament on Wednesday.
more »
Improving the transparency and the supervision of the financial system to ensure proper risk management in the banking sector is the aim of legislation approved on Monday by the Economic and Monetary Affairs Committee.
more »
MEPs could back speeding up the rate at which Europe's regional funds are made available.
more »
The Commission has taken a humanitarian decision for €700,000 to provide assistance to communities affected by floods in Fiji, the Solomon Islands and Papua New Guinea.
more »
The international business magazine Euromoney has announced the results of its Private Banking Survey 2009, and Parex banka has received the award for “Best Private Banking Services Overall” in Latvia.
more »
Mass layoffs and inflation are pushing people to seek food aid.
more »