Tallinn, Riga and Vilnius exchanges have identical trading day length and structure. In Estonia euro is used as the trading currency, whereas local currencies have remained the trading currencies in Latvia and Lithuania.
All trading in securities listed on the exchanges is conducted via member firms of Tallinn, Riga and Vilnius exchanges. The list of member firms includes local as well as international banks and brokerage firms.
To be eligible for membership on the Baltic exchanges, a company must be authorized to carry out securities operations and be under adequate supervision by a competent authority in the company's home country. Apart from that, the brokers need an approval by the exchanges’ management boards.
A prospective member must have fixed capital not less than 50, 000 EUR or its equivalent in local currency of the respective Exchange, a suitable business organization, requisite risk management routines, secure technical systems, and must otherwise be deemed suitable to participate in trading.
In addition, at least two employees in the company must be authorized as exchange traders in order to trade via electronic securities trading systems INET (trading system for equities) and SAXESS (trading system for fixed – income securities). To be authorized as an exchange trader, the employee must have at least six months’ professional experience in the financial instruments market, as well as documented knowledge of market legislation, economics, financial markets and financial analysis. He or she must also have passed training course.
Trader registration form (cash equities)
Trader termination form
