Joint efforts of all market institutions and participants bore fruit of those eight years, a professional, well-functioning bourse that complied with the international standards was created. Since its inception in 1993, the NSEL gradually shifted from one trading session per week to daily continuous trading in securities, three trading lists were formed according to the requirements of the EU directives, calculation of indices was launched.
On 14 September 1993, 19 financial brokerage firms started their trading at the NSEL with shares of 22 companies. Today, there are 22 member firms, shares of 47 issuers and 31 issue of government securities are quoted on the NSEL. During the eight years, market capitalisation rose by 165 times from LTL 71 mln (USD 17.75 mln) to LTL 11.7 bn (USD 2.93 bn). Average daily turnover augmented considerably from LTL 1630.5 (USD 407.63) on 14 September 1993 to LTL 6.87 mln (USD 1.72 mln) on average per trading session in 2001. Turnover generated during the entire history of the NSEL totalled LTL 9320 mln (USD 2330 mln).
From its very establishment, the NSEL has been active in the international arena. Today, the NSEL enjoys correspondent membership of the International Federation of Stock Exchanges and the Federation of European Securities Exchanges as well as membership with the Financial Information Services Division of the SIIA. The NSEL has signed memorandums of cooperation with the Tallinn, Riga, Warsaw and London Stock Exchanges.
NSEL President Mr. Rimantas Busila: "Today, the National Stock Exchange of Lithuania is celebrating its 8th anniversary with a focus on development prospects of the Lithuanian securities market, which would open wider opportunities for our issuers, investors, and market participants."
