Merrill Lynch's entry to the Danish and the Norwegian equity market is part of an effort to expand and enhance the company's equity execution service for institutional clients. Merrill Lynch will be trading on its own account and on behalf of its customers via automatic order routing as well as program trading. Merrill Lynch will begin trading in March 2003.
Commenting on the membership, Grant Turner, Co-head of Pan-European Cash Equity Trading, said: "The ability to remotely access the market will increase Merrill Lynch's exposure to the Scandinavian marketplace. Membership of Copenhagen Stock Exchange and Oslo Børs enables us to provide issuers and investors in Denmark and Norway, as well as throughout Europe, with greater access to these important markets."
Merrill Lynch is one of the world's leading financial management and advisory companies with offices in 36 countries and total client assets of approximately $1.3 trillion. As an investment bank, Merrill Lynch is a leading global underwriter of debt and equity securities and strategic advisor to corporations, governments, institutions and individuals world wide.
Merrill Lynch is a member of the following European equity exchanges:
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Bolsa de Madrid |
Irish Stock Exchange |
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Borsa Italiana |
London Stock Exchange |
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Deutsche Börse |
Stockholmsbörsen |
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Euronext Amsterdam |
SWX Swiss Exchange |
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Euronext Brussels |
virt-x |
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Euronext Paris |
President and CEO Hans-Ole Jochumsen said: "The Copenhagen Stock Exchange has adopted the right strategy by being a partner in the NOREX Alliance. The Copenhagen Stock Exchange would like to welcome a significant player in the international market. We look forward to Merrill Lynch becoming an active direct player in the Danish equity market."
