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The OMX Nordic Exchange, part of The NASDAQ OMX Group, Inc. (NASDAQ: NDAQ) (NASDAQ OMX Group) announced a new record in fixed-income derivatives trading was set in February on the OMX Nordic Exchange. The average daily trading volume was 158,836 contracts. The previous record was 136,948 contracts per day and was set in September 2007.
“The increased trading in fixed income derivatives in February was mainly driven by global uncertainty regarding the future actions by the leading central banks. Also, the unexpected 25 bp hike by the Swedish central bank triggered increased activity. Furthermore, the current credit market uncertainty has increased the attractiveness of trading straightforward and transparent derivatives against a central counterparty rather than clearing derivatives bilaterally,” says Erik Thedéen, Head of fixed income, Transactions Services Nordics at NASDAQ OMX.
Strong Growth for Telecommunication Services Sector in February The sector with the strongest growth in February was telecommunication services, for which the trading value increased by 28% compared to January.
Share Trading in February
The value of average daily share trading amounted to EUR 4.5 billion, as compared to EUR 5.2 billion during the past 12-month period. The average number of trades per business day amounted to 221,543, as compared to 202,414 during the past 12-month period. The total market cap of listed companies at OMX Nordic Exchange amounted to EUR 821 billion, compared to EUR 946 billion in February 2007.
Derivatives Trading
The average daily trading volume in derivative products amounted to 662,512 contracts, as compared to 656,123 contracts during the past 12-month period. The average daily trading volume in share products was 269,426 contracts, as compared to 346,576 contracts during the past 12 month period. The average daily trading volume in index products were 234,250 contracts, compared to 214,644 contracts during the past 12-month period. Fixed-income derivatives traded 158,836 contracts, compared to 94,903 contracts during the past 12-month period.
Listings and Members
There were 2 IPOs on First North during February.
More detailed statistics, including national figures, will be available later today at: http://omxgroup.com/nordicexchange/newsandstatistics/statisticsanalysis/?languageId=1
