OREANDA-NEWS. The NASDAQ OMX Group, Inc. (NASDAQ:NDAQ) announces that from August 1, 2013 AB bank Finasta will join NASDAQ OMX Baltic Market Making Program becoming a liquidity provider for six shares traded on the Baltic Market.

Finasta will become a market maker for Rokiskio Suris, Linas Agro Group and Grigiskes shares in addition to the already covered Pro Kapital, Ekspress Grupp and Olainfarm shares.

Currently, LHV Pank participates in the Baltic Market Making Program and provides liquidity for Tallinna Kaubamaja, Olympic Entertainment Group and Tallinna Vesi shares.

“We welcome Finasta as a participant of the newly launched Baltic Market Making Program. We are happy that Finasta will provide liquidity for six shares from all three Baltic countries making the Baltic Market more attractive for investing”, says Daiga Auzina-Melalksne, Head of Exchange Services, NASDAQ OMX Baltic Market.

„We are joining the Baltic Market Making Program because we see the value in this. Increased market liquidity is beneficial for both, investors as well as companies listed on the Exchange. We, in our turn, provide the most effective financial solutions for clients and emphasize the attractiveness of the market making service. Without any hesitations we support initiatives that encourage the development of Baltic markets”, says Andrej Cyba, Member of the Board of Finasta, Director of Finance Markets division.

The Baltic Market Making Program forsees that a participant of the Program has to ensure that the bid and offer orders of no less than EUR 3000 of the value of selected shares have to be available in opening and closing auctions, as well as during 85 percent of trading time. The price spread of bid and offer orders cannot be higher than 2.5%.

The Baltic Market Making Program was launched on July 1, 2013. In order to encourage members to join this voluntary program, NASDAQ OMX Tallinn, NASDAQ OMX Riga and NASDAQ OMX Vilnius have offered a 40% discount on the standard trading fees. By committing to market making activities for at least 3 shares, a member is entitled to a trading fee discount on all shares traded in a given market.