EUROPE – Pan-European stock exchange, Euronext, has signed a cross membership agreement with Hex, the Helsinki exchange, designed to allow members from both exchanges to develop mutual trading activities.

The deal, which doesn’t contain any ownership arrangements, includes a cross access agreement on cash trading.

Says Jukka Ruuska, president and chief executive officer of the Hex group : “The aim of the agreement is to make it easier for Finnish investors and stockbrokers to trade in securities listed on Euronext, whilst at the same time offering members of Euronext a simple and cost effective means of trading on HEX.”