Euro trading on the OM Stockholm Exchange started Monday April 12

The OM Stockholm Exchange initiated euro trading on Monday April 12 when parallel trading in StoraEnso got underway, denominated in euro and Swedish krona. Electrolux stands next in line for parallel trading, with euro and krona-denominated trading beginning on 7 June. The new single currency was introduced in 11 European countries on January 1 this year, and now about 55 per cent of European share trading is euro denominated. Since its inception, the euro has become the world's second biggest currency for stock trading. Naturally, with its significant growth ambitions in Europe, offering corporates, members and investors the opportunity to trade in euros is a natural step for the OM Stockholm Exchange. The OM Stockholm Exchange offers two euro-denominated trading alternatives; companies can either choose to have their shares traded in euro exclusively, or in Swedish kronor and euro-known as parallel trading. From Friday 9 April onwards, those StoraEnso shareholders who want to trade in euros can convert their shares from Swedish krona to euro deliverables via VPC (the Swedish Central Securities Depository). The OM Stockholm Exchange was formed from the merger between OM and the Stockholm Stock Exchange. OM also has an exchange in London. OM Technology develops technology that makes financial and electricity markets worldwide function more efficiently.