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The Memorandum of Understanding includes OMX and Shenzhen Stock Exchange cooperating through the exchange of information to develop the financial services industry in the Nordic and Baltic region and the People's Republic of China, respectively and to assist in the maintenance of well-functioning securities markets.
Magnus Böcker, CEO OMX, says: ”We hope that this agreement will enable a fruitful cooperation regarding the exchange of information from which we can draw mutual inspiration to make further developments on our markets.”
Shenzhen Stock Exchange first opened its doors in December 1990. In 2006, Shenzhen Stock Exchange had over 600 listed companies and an average daily turnover of approximately 1,753 million USD. The value of share trading (electronic order book trades) increased 274% from 154,251 million USD in 2005 to 422,639 million USD in 2006.
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 nota 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.
