The Nordic Derivates Exchange (NDX), which belongs to Boerse Stuttgart’s subsidiary Nordic Growth Market (NGM), has set a new record for turnover in the first half of 2010. With a trading volume of over SEK 5.2 billion (Swedish kronor) (equivalent to approximately EUR 552 million), turnover on the NDX was up more than 245 percent on the same period in 2009.
The strongest month was June, with a record trading volume of SEK 1.4 billion (equivalent to approximately EUR 147 million). This compares with around EUR 28 million in June of the previous year. June 2010 also saw the number of orders increase to a new record level. 37,000 orders were executed, a rise of 171 percent on the same month in 2009.
As well as strong growth and a greater volume of trading, the first six months of 2010 showed signs of improved market penetration. In the knock-out segment, for example, which comprises turbo warrants and mini futures, the NDX’s share of all stock exchange trading in Sweden stood at over 88 percent in May.
“We are delighted by this positive trend. It demonstrates that we are on the right track and confirms our strategy of opening up the Swedish market further to new certificates and new forms of investment. We are convinced that the level of acceptance among investors and their willingness to invest are on the increase,” observed NDX Business Manager, Tommy Fransson.
