The automatic fixed income security trade matching platform already in use at the Vilnius stock exchange in Lithuania is being extended to the Riga exchange in Latvia and the Tallinn exchange in Estonia. It will be available from 1 August 2005.
According to a spokeswoman for SEB Securities Services, the new model will operate alongside with the existing one, where the orders are not matched automatically. “The trading of debt securities with variable rate and contract deals with non-standard settlement date will be possible only in the previous model,” she says.