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In May 2008, OMX Nordic Exchange will commence post trade anonymity in trading. The Helsinki and Iceland markets will implement post trade anonymity to all equity-related markets including First North. In Stockholm, this concerns the five most traded shares. Following the introduction of post trade anonymity, themember identity is removed from the market data feed and SAXESS trade ticker.
Where as OMX Nordic Exchange Helsinki and Iceland will implement post trade anonymity in all equity-related markets including First North, the Nordic Exchange in Stockholm will introduce post trade anonymity in the five most traded shares, which currently are Ericsson B, Volvo B, TeliaSonera, Nordea, andH&M B. These five shares represent 33 percent of the total turnover in Stockholmbased on turnover of individual shares in January-September 2007.
OMX Nordic Exchange in Helsinki, Iceland and Stockholm have decided to adopt post trade anonymity following the results of extensive customer consultation carried out by OMX in the spring of 2007. OMX Nordic Exchange will not introducepost trade anonymity in Copenhagen based on the results of the customer consultation.
“Anonymous post trading has proven to have positive effects on market efficiency. Also, trade anonymity reduces market impact costs. All in all, post trade anonymity is an important factor for the Nordic Exchange to further attract automated trading volumes,” says Jukka Ruuska, President of Nordic Marketplaces at OMX.
Post trade anonymity is a standard in all major European and U.S. exchanges, andits adoption is expected to further increase the efficiency of securities trading.
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.
