OM: Oslo Stock Exchange To join the NOREX Alliance

The board of the Oslo Stock Exchange today approved the agreements with the NOREX Alliance. On the assumption that the Stock Exchange Council acknowledges the agreements the Oslo Stock Exchange will become a partner of the NOREX Alliance.

The NOREX Alliance, which currently consists of Copenhagen Stock Exchange, Iceland Stock Exchange and OM Stockholm Exchange, is aiming at creating a liquid and cost effective market place for trading in Nordic securities. The Alliance consists of independent exchanges sharing the same trading system and a common regulatory framework. It is the first exchange alliance for equity trading in operation. With Oslo Stock Exchange, almost 80 per cent of Nordic equity trading will be accessible via the NOREX Alliance's system.