Implementation of pre-trade anonymity

31.10.2007 RIG

Starting from November 1, 2007 the Baltic exchanges will discontinue disclosing

member firms’ ID codes with orders on the Equities submarket. Market-by-order

information displaying will remain on submarkets.

With this change the Baltic market will follow the example of the OMX Nordic

Exchange and many other leading exchanges, e.g. LSE, Deutsche Börse, Euronext.

This change is implemented with the purpose of decreasing the risk of market

abuse (front running) and make trading even more attractive for remote members

and price formation more impartial.

Post-trade transparency is not changed; the counterparties of trades are

disclosed after concluding the trades. Also the pre- and post-trade

transparency of the Fund units and Bonds submarkets remains unchanged.

Additional information:                                                         

Riga Stock Exchange, Market Services Department,  +371 6 721 2431