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
Most EU countries continue to meet deadlines for incorporating single market rules into national law, contributing to economic growth and job creation.
more »
Japanese officials unveil their new bullet train, capable of travelling at speeds of 320 km per hour (198 miles per hour).
more »
The first International Security Technology Exhibition, KIPS 2011, will be held on 23-26 February 2011 in Kiev (Ukraine). The motto of the exhibition is ‘There can never be too much security!’
more »
The world's highest restaurant opens in Dubai, United Arab Emirates, located 400 metres above ground in Burj Khalifa, the world's tallest tower.
more »
The rights of consumers will be clarified and updated, whether they shop at a local store or buy goods on line, under new EU rules as amended by the Internal Market Committee on Tuesday.
more »
MEPs on Wednesday gave their green light for the Council to conclude an Interim Economic Partnership Agreement with Papua New Guinea and Fiji, two countries of the Pacific Region with significant exports to the EU.
more »
Report sets 10 priorities for tackling the bloc's main economic challenges, launching the first ever ‘European semester'.
more »
China's first capsule hotel ready to open its doors in Shanghai, aims to capture slice of booming leisure budget travel market.
more »
Declaration by Michel Barnier on the start of three new authorities for supervision.
more »
On 1 January, Estonia adopted the euro as its official currency and the changeover is running smoothly and according to plan.
more »