09:49 AM
Nasdaq OMX Continues Norwegian Expansion
Nasdaq OMX Stockholm is continuing its expansion by offering on Norwegian securities with four additional shares for trading, extending its offering to include the 30 largest Norwegian shares.
The four new shares are Tomra Systems, PA Resources, Atea and Cermaq and they will begin trading on November 20.
In addition, starting November 13, Nasdaq OMX Stockholm will be the first regulated exchange to offer Central Counterparty clearing (CCP) for Norwegian equity trading. CCP will start in the 26 existing Norwegian shares that are currently trading and beginning November 20 will add the four new shares.
The European Multilateral Clearing Facility (EMCF) will provide CCP services and clearing fees will be waived until December 8 as part of their fee holiday.
In a statement, Hans-Ole Jochumsen, President of Nasdaq OMX Nordic, said, “We are very pleased with the development of our Norwegian market and are looking forward to further expanding our offering for customers interested in trading all Nordic securities on one market and through one trading system.”
He added, “We have had a steady inflow of new members connecting to this market and we feel comfortable reaching our goal of five percent market share in Norwegian securities by year-end.”