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The Nordic Exchange Iceland launches a new submarket for equity rights today, 3rd January. The new service will enable transactions in various rights commonly arising from equity issues, such as subscription rights.
“We are very glad to offer exchange trading in equity rights on the Icelandic market. This innovation will significantly enhance the trading environment for such rights in Iceland. Trading in equity rights on the Icelandic market will now be available under OMX ICE rules and liquidity will improve dramatically for the benefit of issuers and shareholders alike”, says Thordur Fridjonsson, President of OMX Nordic Exchange Iceland.
The new submarket will be called OMX ICE Equity Rights in the trading system. It is part of the OMX ICE Equities and Related market, and the market set-up will be similar to the equity market. NOREX Member Rules will apply to transactions.
All members of the Icelandic equity market will automatically have access to the OMX ICE Equity Rights submarket.
About OMX
OMX is a leading expert in the exchange industry. The OMX Nordic Exchange comprises over 800 companies including its alternative market First North. OMX provides technology to over 60 exchanges, clearing organizations and central securities depositories in over 50 countries. The Nordic Exchange is not a legal entity but describes the common offering from OMX exchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. OMX is a Nordic Large Cap company in the Financials sector on the OMX Nordic Exchange. For more information, please visit www.omxgroup.com.
