Stockholm, June 4, 2012 - NASDAQ OMX Nordic today announced the plan to broaden its Norwegian shares trading and routing offering, by enabling its members to trade all shares listed on Oslo Boers on NASDAQ OMX Stockholm AB. To complement the trading offering, NASDAQ OMX Stockholm is planning to introduce a new routing strategy enabling access to Oslo Boers opening and closing auctions, as well as enabling posting of orders on Oslo Boers. The timeline of the plan is set to September 2012 and is subject to regulatory consent.
In 2009 NASDAQ OMX Stockholm introduced trading of the most liquid Norwegian shares. The offering has been very successful. NASDAQ OMX has gained around ten percent market share of all shares listed on Oslo Boers, making NASDAQ OMX the only regulated stock exchange in Europe that has had real success in competing on a foreign market.
Bjoern Sibbern, Senior Vice President, Equities Market, NASDAQ OMX Nordic comments:
"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. 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."
Media contacts:
Carl Norell +46 8 405 66 39 carl.norell@nasdaqomx.com
Notes of the Norwegian offering:
All shares primary listed on Oslo Boers Regulated Market will be available for secondary trading on NASDAQ OMX Stockholm and for routing via INET Nordic trading system.
Continuous trading of Norwegian shares in NASDAQ OMX Stockholm order books in INET Nordic:
-- Shares belonging to OBX liquidity category will be available for trading at NASDAQ OMX Stockholm; -- Shares belonging to OB other liquidity categories will be available for trading at First North Stockholm.
New order routing strategy:
-- Enables participation in the liquidity and price discovery during opening and closing auctions at Oslo Boers via INET Nordic in all Norwegian shares; -- Enables routing of Limit priced Day and Good-till-Cancelled orders to Oslo Boers in Norwegian shares at First North Stockholm.
The routing service is integrated with the core matching engine in Stockholm and is available through NASDAQ OMX Nordic members' existing connectivity.
About NASDAQ OMX The inventor and transformer of the electronic exchange, The NASDAQ OMX Group, Inc., fuels economies with revolutionary technologies for the entire lifecycle of a trade - from risk management to trade to surveillance to clearing. In the US and Europe, we own and operate 24 markets, 3 clearinghouses and 6 central securities depositories supporting equities, options, fixed income, derivatives, commodities, futures and structured products. Able to process more than 1 million messages per second at sub-80 microsecond speeds with 99.999% uptime, our technology drives more than 70 exchanges in 50 developed and emerging countries into the future, powering 1 in 10 of the world's securities transactions. Our award-winning data products and worldwide indexes are the benchmarks in the financial industry. Home to 3,400 listed companies worth $5.1 trillion in market cap whose innovations shape our world, we give the ideas of tomorrow access to capital today. Welcome to where the world takes a big leap forward, daily. Welcome to the NASDAQ OMX Century. NASDAQ OMX Nordic and NASDAQ OMX Baltic are not legal entities but describe the common offering from NASDAQ OMX exchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius.
To learn more, visit www.nasdaqomx.com. Follow us on Facebook (http://www.facebook.com/NASDAQ) and Twitter (http://www.twitter.com/nasdaqomx). (Symbol: NDAQ and member of S&P 500)
Cautionary Note Regarding Forward-Looking Statements
The matters described herein contain forward-looking statements that are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements about NASDAQ OMX's products and offerings. We caution that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond NASDAQ OMX's control. These factors include, but are not limited to factors detailed in NASDAQ OMX's annual report on Form 10-K, and periodic reports filed with the U.S. Securities and Exchange Commission. We undertake no obligation to release any revisions to any forward-looking statements.
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