The addition of the Helsinki Stock Exchange means that all the Nordic exchanges now utilize the same market surveillance system and work together on market surveillance issues.
"We are happy to announce this new step in our efforts of creating a strong, integrated Nordic and Baltic marketplace with a strong focus on market quality. The joint market surveillance system further enhances the credibility of our common marketplace and increases the efficiency of our surveillance operations", commented Anders Ackebo, Senior Vice President of Surveillance at OMX Exchanges and Janne Seppänen, Vice President for Surveillance, Finland.
OMX Exchanges and other NOREX stock exchanges are committed to creating a common Nordic securities market, which includes the use of a common trading system and harmonized rules and practices. The use of a common surveillance system by the exchanges in the alliance is an important element in ensuring that the marketplaces function in the same way.
obSurveX is a market surveillance system developed by Oslo Børs, based on the SMARTS surveillance system supplied by the Australian company Computershare Technology Services Limited. The implementation process in Finland is expected to be completed within a few months.
