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NGM sees a huge growth potential in the Swedish market for warrants and similar instruments. The company expects to take significant market share on the back of its cooperation with, Carnegie, Commerzbank and Societé Générale. Highly competitive prices and an enhanced range of services will lead to an intensification in product development and activities in the market.
“This letter of intent confirms the huge potential of the warrants market. Since NDX was launched in March 2003 we have been working to improve the terms and conditions for issuers and investors alike, and with these well-established and market-leading issuers on our side we can now accelerate this endeavour,” says Ulf Cederin at NGM.
“Sweden is a well-developed market in terms of electronic trading, customer know-how and competition between brokers. With NDX we will now also be seeing healthy competition at exchange level, which adds a new dynamic and benefits all players, “ says Klaus Oppermann at Commerzbank, a leading issuer in Germany - Europe's largest warrant market.
“Societé Générale is the world’s largest issuer, with 15% of the global warrant market share in 2003 and a presence on 15 global stock exchanges. The agreement with NGM provides a springboard for substantial growth in the Swedish market. NDX helps us reduce costs, which in turn allows us to widen our range of warrants and to launch new products in Sweden to include those that we already offer in other countries” says Niklas Åkerfelt at SG.
