NASDAQ OMX Baltic has made trading and settlement available in euro on the Tallinn and Vilnius stock markets, Mondovisione reports. For foreign investors, the common currency will lower transaction costs via savings in conversion costs, allow for better management of cross-border portfolios and diminish trading-related risk. The shift to euro trading will improve the efficiency of the Baltic market and help capture larger flows of portfolio investments to the region. NASDAQ OMX Riga will continue operating the market in local currency but is seeking possibilities to move over to euro trading.
Click here for the story from Mondovisione.