Nasdaq OMX Nordic plans to broaden offering
04 June 2012 Stockholm
Image: Shutterstock
Nasdaq OMX Nordic is planning to broaden its Norwegian shares trading and routing offering.
Nasdaq OMX Group delivers trading, exchange technology and public company services across six continents, with more than 3,500 listed companies.
Nasdaq OMX Nordic is its common offering in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius.
All Nasdaq OMX Nordic members will be able to trade all of the shares that are listed on the securities trading marketplace Oslo Børs via Nasdaq OMX Stockholm.
To complement this, Nasdaq OMX Stockholm will introduce a new routing strategy that will enable access to Oslo Børs opening and closing auctions. The routing strategy will also enable the posting of orders on Oslo Børs.
September 2012 has been set as the timeline, but the plan is subject to regulatory consent.
Bjørn Sibbern, the senior vice president of equities market at Nasdaq OMX Nordic, said: “As the leading operator of the market for equity trading in the Nordics, we want to offer trading on all Nordic shares. Now, our members can trade all shares listed on all Nordic exchanges through one access point. That makes it easier, cheaper and more efficient for them.
“[The routing] service helps our members to discover better prices as well as to strengthen their own business opportunities in a trading environment where technology and connectivity is key.”
Nasdaq OMX Group delivers trading, exchange technology and public company services across six continents, with more than 3,500 listed companies.
Nasdaq OMX Nordic is its common offering in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius.
All Nasdaq OMX Nordic members will be able to trade all of the shares that are listed on the securities trading marketplace Oslo Børs via Nasdaq OMX Stockholm.
To complement this, Nasdaq OMX Stockholm will introduce a new routing strategy that will enable access to Oslo Børs opening and closing auctions. The routing strategy will also enable the posting of orders on Oslo Børs.
September 2012 has been set as the timeline, but the plan is subject to regulatory consent.
Bjørn Sibbern, the senior vice president of equities market at Nasdaq OMX Nordic, said: “As the leading operator of the market for equity trading in the Nordics, we want to offer trading on all Nordic shares. Now, our members can trade all shares listed on all Nordic exchanges through one access point. That makes it easier, cheaper and more efficient for them.
“[The routing] service helps our members to discover better prices as well as to strengthen their own business opportunities in a trading environment where technology and connectivity is key.”
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