Morgan Stanley wishes to have access to the Danish equity market and will be trading on its own account and on behalf of its customers. Morgan Stanley will begin trading on 25 March 2002.
Commenting on the membership, Jerker Johansson, Chief Operating Officer of Institutional Equities at Morgan Stanley in Europe, said: " We are very pleased to have been accepted as a member of the Copenhagen Stock Exchange. This membership reinforces Morgan Stanley's long-standing commitment to the Danish market and, more broadly, to the Nordic region, where we already hold a number of exchange memberships."
Morgan Stanley is a global financial services firm and a market leader in securities, asset management and credit services. With more than 700 offices in 28 countries, Morgan Stanley connects people, ideas and capital to help clients achieve their financial aspirations. The firm is listed on the NYSE and the Pacific Stock Exchange.
Morgan Stanley is a member of the following European equity exchanges:
|
Bolsa Madrid |
London Stock Exchange |
|
Borsa Italia |
NASDAQ Europe |
|
Deutsche Börse |
OM London Stock Exchange Ltd |
|
Euronext Amsterdam |
Oslo Børs |
|
Euronext Paris |
Stockholmsbörsen |
|
HEX |
SWX Swiss Exchange |
|
Jiway |
Virt-x |
President and CEO Hans-Ole Jochumsen says: "The fact that Morgan Stanley wants to be a member of the Copenhagen Stock Exchange I regard as an apparent effect of the NOREX Alliance. The point is that it is very easy to become a member of for instance the Copenhagen Stock Exchange if the applicant is already a member of another exchange in the Alliance - both in terms of the actual approval procedure and connection to the trading system. Moreover, the common trading rules within the NOREX Alliance is an incentive for other international securities houses to become members of the Copenhagen Stock Exchange".
