The cross-membership agreement, will allow the members from both exchanges to develop their trading activities. The cross access agreement will give the technical solutions to these members to trade from their actual locations on HEX and Euronext cash markets.
At a technical level, HEX members will have access to the trading of all Euronext cash products via the unified access architecture of NSC through remote membership links.
HEX will establish an Access Point in Euronext, which offers a cost effective access for Euronext members to the Finnish securities market.
The technical implementation is scheduled to be completed by the end of 2002.
"The aim of this agreement is to make it easier for Finnish investors and stockbrokers to trade in securities listed on Euronext," says Jukka Ruuska, President and CEO of HEX Group. "Correspondingly, it offers the members of Euronext a simple and cost-effective means of trading on HEX. We also want to focus the liquidity of the Finnish blue chip companies to Finland, and thus enhance our competitiveness."
Jean-François Théodore declared, "I am very pleased to sign this cross membership and cross access agreement with HEX. This new step of co-operation illustrates the flexibility of the Euronext model and offers users a new investment landscape'.
