Nasdaq (Nasdaq:NDAQ) today publishes monthly trade statistics for the Nordic1 and Baltic2 markets. Below follows a summary of the statistics for May 2025:
The share trading increased by 6.0% to a daily average of 3.493bn EUR, compared to 3.296bn EUR in May 2024. Compared to the previous month, April 2025, the daily average decreased by 13.2%.
Cleared derivatives volume increased by 4.7% to a daily average of 293,149 contracts, compared with 279,982 contracts in May 2024.
ETF trading3 (Exchange Traded Funds) increased by 39.2% to a daily average of 46.9m EUR compared to 33.7m EUR in May 2024.
Novo Nordisk A/S was the most traded stock per day during the past month, followed by Investor AB.
Goldman Sachs Bank Europe SE was the most active member during the past month, followed by Morgan Stanley Europe SE.
Nasdaq Nordic’s share of order-book trading in our listed stocks increased to 72.6%, compared to 70.1% previous month4.
The average order book depth on the best price level was larger at Nasdaq Nordic than the second most liquid trading venue, see detailed figures per exchange:
For OMXC25 companies 1.9 larger
For OMXH25 companies 3.5 larger
For OMXS30 companies 2.5 larger
Nasdaq Nordic’s average time at EBBO5 (European Best Bid and Offer) was:
For OMXC25 companies 79.1% (+ 0.3% from April)
For OMXH25 companies 86.3% (+ 2.9% from April)
For OMXS30 companies 85.5% (+ 2.0% from April)
1) Nasdaq Copenhagen, Helsinki, Iceland and Stockholm
2) Nasdaq Riga, Tallinn and Vilnius.
3) ETF trading figure includes Nasdaq Copenhagen, Helsinki, Iceland and Stockholm.
4) Included are the main European marketplaces that offer trading in Nasdaq Nordic listed shares. Source: BMLL
5) EBBO (European Best Bid and Offer) refers to the current best price available for selling or buying a trading instrument such as a stock. Source: BMLL
