NASDAQ OMX Tallinn is on track for an all-time low volume, with turnover for the first three quarters of 2014 at 96.6 million euros, less than half of what it was in 2009.
Experts say the decline in trading volume is a continuing trend caused by the lack of new companies entering the market and unwillingness of the investors to take risks.
Kalle Viks, head of issuer services at NASDAQ OMX Tallinn told ETV: "It has been four years since a new company entered the stock market. The questions of who, when and if will go public are best directed at the companies themselves. We are ready to welcome them and we can also tell that the activity levels of the companies, or at least their interest in the stock market, are going up."
Alo Vallikivi, head of brokerage at LHV Investment Bank, said that there are more reasons for such low volumes. "Many still remember the 2008 decline in the stock exchange and those who got burned may never want to play the market again. A third and a global reason is that the decline in trading volumes is a worldwide trend," he said.