TALLINN STOCK EXCHANGE

ANNOUNCEMENT

 

TSE WILL ADOPT HEX'S TRADING SYSTEM ON FEBRUARY 25

 

Having regard to requests of member firms, the Supervisory Board of 

Tallinn Stock Exchange (TSE) decided on January 17 to postpone the 

date of implementation of HEX trading system to February 25, 2002. 

 

According to an earlier decision, the target date to start trading 

TSE listed securities in HEX's system was set for January 28, 2002.

 

The new launch date has been set to give member firms additional 

time to enhance and test their technical readiness for the 

implementation of the new system. "Implementation of the new system 

together with introducing euro as the trading currency is a complex 

project, requiring more preparation than was earlier estimated. We 

want to be convinced that the launch will be smooth and 

surprise-free for everyone and investors can rely on high-quality 

service by their brokers from day one," TSE's CEO Gert Tiivas said.

 

Implementation of the new system together with introducing euro as 

the trading currency is a complex project, requiring more 

preparation than was earlier estimated

 

HEX is a growing, international company that operates the national 

securities and derivatives exchange and central securities 

depository in Finland. HEX is the strategic shareholder of Tallinn 

Stock Exchange.

 

TSE