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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 Derivatives trading was set in March on the OMX Nordic Exchange. The average daily trading volume was 816,760 contracts. The previous record was 789,898 contracts per day and was set in January 2008.
There was also record for derivatives trading on March 20, reaching 2,127,958 contracts (previous record: 1,989,325 contracts on April 21, 2006). “In March we have seen a record in average derivatives trading per day with the highest volume ever for a single month. The trading per day in March was 21 percent higher than the average trading per day during the past 12-month period. Certainly the volatility on the market has been a major contributor to the increased trading since derivatives are very efficient products in order to take and secure positions in uncertain markets,” says Hans-Ole Jochumsen, Executive Vice President of Transaction Services Nordics at NASDAQ OMX.
Share Trading in March
The value of average daily share trading amounted to EUR 4.3 billion, as compared to EUR 5.1 billion during the past 12-month period. The average number of trades per business day amounted to 216,618, as compared to 205,480 during the past 12-month period. The total market cap of listed companies at OMX Nordic Exchange amounted to EUR 783 billion, compared to EUR 980 billion in March 2007.
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