As from 14 June 2001, members of the Stockholm Exchange and members of the OM London Exchange will be able to trade Danish futures and options in the same system and order book as are being used by members of the FUTOP Clearing Centre.
Access to a joint order book means an increase in the number of participants in the market and thus speedier conclusion of transactions in the trading system. Moreover, this results in improved liquidity in the products and shall be seen as an element of the activities that we plan to implement in an attempt to increase turnover in Danish derivatives.
Via the link the members of the Stockholm Exchange and the OM London Exchange will have access to the following products:
- Futures and options on the KFX Index
- Futures and options on 10 single shares.
The contracts will be cleared through the clearing house, with which the member is affiliated. Transactions effected by members of the Stockholm Exchange are guaranteed by the Stockholm Exchange, transactions effected by members of the OM London Exchange are guaranteed by OM, and transactions effected by members of the FUTOP Clearing Centre are guaranteed by FUTOP.
"We have now come a long way in our endeavour to popularise Danish derivatives outside Denmark. If we succeed in bringing in 2-5 market makers in the Danish derivatives issued by the FUTOP Clearing Centre this will create a basis for renewed optimism for the Danish derivatives market and for the underlying equity market," says Head of Trading, CFO Jan Ovesen.
