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Revenues totalled NOK 58.1 (51.1) million in the third quarter. The increase from last year?s third quarter is largely due to increased trading. So far this year revenues total NOK 166.3 (167.6) million. Higher trading revenues make up for lower revenues from sales of market data and reduced income from listing fee receipts.
Oslo Børs?s costs continued their positive trend. Total third-quarter operating expenses came to NOK 36.7 (39.6) million. Other operating expenses came to NOK 12.1 (19.4) million in the third quarter, NOK 7.3 million down on the same period last year. So far this year other operating expenses come to NOK 41.5 (60.0) million, down NOK 18.5 million.
The increase in activity in the securities market in the second quarter continued in the third quarter. Shares and primary capital certificates worth NOK 156 (97) billion changed hands in the third quarter. So far this year trading totals NOK 393 (337) billion. The number of transactions shows the same trend totalling about 666,000 (454,000) in the third quarter and about 1,662,000 (1,498,000) so far this year.
Activity in the business area Fixed Income Markets has stabilised. At quarter-end 835 (851) bonds were quoted. Trading in the derivatives market showed a positive trend compared with last year. In the third quarter traded contracts numbered about 1,062,000 (843,000) and in the year to date traded contracts totalled about 2,735,000 (2,380,000).
Activity in the primary equity market remained low. Shares worth NOK 0.7 (1.1) billion were issued in the third quarter. At quarter-end 182 companies were listed on Oslo Børs. Seven companies were delisted in the third quarter. So far this year the net delisting of companies is 21.
The number of terminals with access to market data from Oslo Børs fell by about 2.7% in the third quarter and by 9.2% in the year to date.
Index developments were positive in the period: the Oslo Børs Benchmark Index measured 142.65 at the end of the third quarter, a rise of about 6.3% from 134.2 at the end of the second quarter.
The increased market activity is expected to produce somewhat higher revenues than were expected at the end of the second quarter. Operating expenses for the year as a whole are expected to total just under NOK 160 million.
