Mandatum to become first TSE remote member

21.01.2002 TLN

Mandatum Stockbrokers has applied for membership of the Tallinn Stock Exchange (TSE) to become the first remote trading member of the Estonian bourse.

Mandatum aims to start trading on February 25, 2002, when trading in the Tallinn Stock Exchange (TSE) listed securities will start in HEX’s trading system. Its application needs to be approved by the Estonian Financial Supervisory Authority and the Management Board of TSE.

Gert Tiivas, CEO of Tallinn Stock Exchange comments: “We are very pleased to welcome Mandatum as the first remote member of TSE. It is an important milestone, marking the successful beginning of the integration of the Estonian and Finnish securities markets.”

According to Tiivas, more Nordic brokerage companies have shown interest in becoming members of TSE. “This means that in the near future a growing number of Finnish and international investors will have easy access to trading in Estonian securities via their local broker,” he said.

“We regard Estonian securities markets as a natural growth area. We want to provide Finnish investors Estonian companies and top quality equity research on main Baltic companies”, says Jaakko Niemelä, CEO/Managing director of Mandatum Stockbrokers.

Mandatum Stockbrokers belongs to Sampo Group, a leading financial group in Finland.

“We are happy that there is strong interest in applying for TSE membership and that we can enable HEX members to add new products to offer their clients. Extending HEX’s member network to Estonian markets will enhance the liquidity and visibility of Estonian markets,” says Jukka Ruuska, President and CEO of HEX.

HEX-TSE co-operation supports HEX’s growth strategy while creating an effective and liquid securities market in Estonia. HEX is the strategic shareholder of Tallinn Stock Exchange with 62% ownership.

Additional information:

Jaakko Niemelä, phone: +358 10236 4701
Gert Tiivas, phone: +372 517 7579

Eva Palu
Head of Marketing and PR Department
Tallinn Stock Exchange
Tel: +372 640 8800
e-mail: