Nasdaq (Nasdaq:NDAQ) today publishes monthly trade statistics for the Nordic1 and Baltic2 markets. Below follows a summary of the statistics for September 2025:
The share trading turnover remained unchanged in September compared to the same month last year with a daily average of 2.811bn EUR, compared to 2.811bn EUR in September 2024. Compared to the previous month, August 2025, the daily average increased by 5.1%.
Cleared derivatives volume increased by 29.1% to a daily average of 372,949 contracts, compared with 288,782 contracts in September 2024.
ETF trading3 (Exchange Traded Funds) increased by 92.4% to a daily average of 61.4m EUR compared to 31.9m EUR in September 2024.
Novo Nordisk A/S was the most traded stock per day during the past month, followed by SAAB 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 73.8%, compared to 72.8% in the previous month4.
The average order book depth at the best price level was larger at Nasdaq Nordic than the second most liquid trading venue, see detailed figures per exchange:
For OMXC25 companies 1.8 larger
For OMXH25 companies 1.8 larger
For OMXS30 companies 2.4 larger
Nasdaq Nordic’s average time at EBBO5 (European Best Bid and Offer) was:
For OMXC25 companies 73.5% (1.5% from August)
For OMXH25 companies 80.9% (-3.4% from August)
For OMXS30 companies 85.3% (-0.6% from August)
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
