EDX London will combine the strength of London Stock Exchange's global equity market offering and expertise with OM's flexible technology and Stockholmsbörsen's experience in equity derivatives. Initially, EDX London's business will be built around the Scandinavian equity derivatives business of Stockholmsbörsen's subsidiary, OM London Exchange. EDX London will take responsibility for the operation of this business, expand the product range and seek to create new business lines.
"Developing EDX London is in line with Stockholmsbörsen's strategy to enhance efficiency for our customers through strengthening the Swedish equity market by building international networks on a common technology. The co-operation with EDX London gives Stockholmsbörsen opportunities to a broader membership network, products and services. This will increase liquidity in our derivatives and the overall interest in the Swedish equity market," says Kerstin Hessius, President at Stockholmsbörsen.
The relationship between EDX London and Stockholmsbörsen is built on the fundamentals of the Nordic derivatives exchange link concept. All members to the linked NOREX exchanges: Stockholmsbörsen, Oslo Börs and Copenhagen Stock Exchange, respectively OM London Exchange can trade in a joint order book in the CLICK system.
"Creating EDX London in partnership with London Stock Exchange will strengthen the Nordic region in general and the equity derivatives operations in particular. Using a single order book, the introduction of Scandinavian equity derivatives to London Stock Exchange's customer base will give the opportunity to enhanced liquidity," says Kerstin Hessius, President at Stockholmsbörsen.
The CEOs of Copenhagen Stock Exchange and Oslo Börs have expressed their full support to include EDX London in the derivatives linked network. EDX London will attract other derivatives exchanges with international ambitions to the network.
