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NASDAQ OMX Nordic today announced the plan to broaden its Norwegian shares trading and routing offering, by enabling its members to trade all shares listed on Oslo Børs on NASDAQ OMX Stockholm AB. To complement the trading offering, NASDAQ OMX Stockholm is planning to introduce a new routing strategy enabling access to Oslo Børs opening and closing auctions, as well as enabling posting of orders on Oslo Børs. The timeline of the plan is set to September 2012 and is subject to regulatory consent.
In 2009 NASDAQ OMX Stockholm introduced trading of the most liquid Norwegian shares. The offering has been very successful. NASDAQ OMX has gained around ten percent market share of all shares listed on Oslo Børs, making NASDAQ OMX the only regulated stock exchange in Europe that has had real success in competing on a foreign market.
Bjørn Sibbern, Senior Vice President, Equities Market, NASDAQ OMX Nordic comments:
“As the leading operator of the market for equity trading in the Nordics, we want to offer trading on all Nordic shares. Now, our members can trade all shares listed on all Nordic exchanges through one access point. That makes it easier, cheaper and more efficient for them. Routing service helps our members to discover better prices as well as to strengthen their own business opportunities in a trading environment where technology and connectivity is key.”
