NASDAQ OMX Tallinn and Estonian CSD are the leading securities market infrastructure operators in Estonia. Through these two enterprises, market participants are provided with an environment for carrying out transactions with securities, clearing and settlement of securities transactions, listing of securities, operating of central securities register and funded pension fund register in Estonia.
NASDAQ OMX Tallinn
NASDAQ OMX Tallinn is the only regulated secondary securities market in Estonia. Exchange brings together investors, listed companies wishing to gain access to a host of capital resources and exchange's members, mediating securities transactions of the investors via common electronic trading system.
NASDAQ OMX Tallinn is a self-regulated organisation, issuing and enforcing its own Rules and Regulations consistent with standard exchange operating procedures. NASDAQ OMX Tallinn is licensed and supervised by the Financial Supervisory Authority of Estonia. NASDAQ OMX Tallinn is a member of Nordic-Baltic stock exchange alliance NOREX since April 2004.
NASDAQ OMX Tallinn uses the NASDAQ OMX trading platforms INET and SAXESS, which in addition to Estonia are used by exchanges in Sweden, Finland, Denmark, Iceland, Latvia and Lithuania.
Structure of shareholders
The owner of NASDAQ OMX Tallinn and Estonian CSD is NASDAQ OMX, Inc.
The Estonian CSD (EVK) administers the electronic Estonian central securities register and funded pension register. The Estonian CSD performs securities' payments related acts (payment of dividends and interest), arranges shareholders' general meetings as well as provides other services related to securities.
The Estonian CSD keeps the register of all joint stock companies operating in Estonia, numerous private limited companies, funds and companies' debt obligations. The register includes all Estonian private and legal persons' securities accounts.
The Estonian CSD administers the funded pension, i.e. the second pillar of the pension system. It also accepts applications to join, maintains pension accounts and issues pension fund units.
Articles of association
NASDAQ OMX Tallinn Annual Reports