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Copenhagen Stock Exchange: Successful Launch Of Bond Trading On SAXESS

Date 16/10/2000

The transfer of Danish bonds from the more than 13-year old ELECTRA trading system to the SAXESS trading system went smoothly and according to plan.

Bonds may now be traded in SAXESS from 8:30 to 17:00 partly via the ordinary market and partly via the electro broker sub-market, which is reserved for the market makers.

The migration of bonds to SAXESS means that the Copenhagen Stock Exchange can once again offer the Danish securities market share and bond trading via one and the same trading system.

The Copenhagen Stock Exchange is thus the first partner of the NOREX Alliance to commence bond trading on the joint trading system. Next week, the Iceland Stock Exchange will transfer shares and bonds to the joint trading system and in November Swedish bonds on the OM Fixed Income Exchange will be transferred to SAXESS.