The Swedish exchange Nordic Growth Market (NGM) today announces that Citigroup Global Markets Deutschland AG has become a trading member of NGM. Citigroup, one of the leading issuers in Europe, is expected to commence trading before Christmas.
"Our focus is set on offering the leading and most attractive exchange in the Nordic region. The fact that we can welcome Citigroup to the list of international issuers working together with NGM to expand the Nordic market means a lot to us. It strengthens us even more to see that our long term commitment to investor education and standardization of the market is appreciated and successful. We have witnessed record numbers and a growing market during the fall and we look forward to seeing Citigroup on the Nordic market." says Roger Peleback, CEO of NGM.
Citigroup is one of the leading issuers in Europe with close to 60,000 exchange traded investment products distributed and sold in countries all over Europe.
"We have been monitoring the positive developments in Sweden and with our membership at NGM we are very excited to be able to extend our distribution network towards both Sweden and other parts of the Nordic region. To choose NGM as our exchange in the Nordic region has been a logical and easy choice for us. NGM has put great efforts into areas such as technology, education and distribution to grow and develop this product segment and we are very happy to become a part of this development." says Stefan Hilton, Head of Nordic Public Distribution - Cross Asset Group within Citigroup.
