Nasdaq (Nasdaq:NDAQ) today publishes monthly trade statistics for the Nordic1 and Baltic2 markets. Below follows a summary of the statistics for May 2019:
- The share trading decreased by 17.3% to a daily average of 2.762bn EUR, compared to 3.339bn EUR in May 2018. Compared to the previous month, April 2019, the daily average decreased by 6.6%.
- Cleared derivatives volume increased by 4.1% to a daily average of 479,581 contracts, compared with 460,598 contracts in May 2018.
- ETF trading3 (Exchange Traded Funds) increased by 44.8% to a daily average of 47.3m EUR compared to 32.7m EUR in May 2018.
- Novo Nordisk A/S was the most traded stock per day during the past month, followed by Nokia Oyj.
- Morgan Stanley was the most active member during the past month, followed by Deutsche Bank.
- Nasdaq Nordic’s share of order-book trading in our listed stocks increased to 69.9%, compared to 69.1% 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 2.8 larger
- For OMXH25 companies 2.2 larger
- For OMXS30 companies 2.0 larger
Nasdaq Nordic’s average time at EBBO5 (European Best Bid and Offer) was:
- For OMXC25 companies 95.0%
- For OMXH25 companies 91.4%
- For OMXS30 companies 92.8%
1. Nasdaq Copenhagen, Helsinki, Iceland and Stockholm.
2. Nasdaq Riga, Tallinn and Vilnius.
3. ETF trading figure encompasses Nasdaq Stockholm and Nasdaq Helsinki.
4. Included are the main European marketplaces that offer trading in Nasdaq Nordic listed shares. Source: Thomson Reuters.
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.
