Head of Global Equity and Capital Markets Christian Hyldahl, Nordea, said: "An element of our strategy is to participate in the Danish derivatives market in order to enlarge our earnings area and utilize the strong derivatives investment culture that we have in Nordea ".
First Vice President Stig Kluge, Copenhagen Stock Exchange, said: It is very positive that Nordea is so deeply committed to the derivatives market. The market making that Nordea has done in the period leading up to the signing of the agreement has already improved liquidity significantly, and the spread between bid and ask prices of options has narrowed by 30-50 per cent. "
Market maker agreements ensure that prices are quoted for the options and futures that the investors are interested in trading, and at the same time a maximum spread has been fixed.
The FUTOP Clearing Centre expects to enter into similar agreements with a number of other market participants in the near future to increase liquidity further in the derivatives market.
