NASDAQ OMX - Nordic Securities Markets Bjørn Sibbern
NASDAQ OMX - Nordic Securities Markets Bjørn Sibbern
NASDAQ OMX - Nordic Securities Markets Bjørn Sibbern
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TRADING VELOCITY AND<br />
HIGH EBBO ARE KEY<br />
DRIVERS FOR FUTURE<br />
GROWTH<br />
<strong>Nordic</strong> Equities: Great potential in<br />
increasing trading velocity<br />
Driving up velocity<br />
• Competition<br />
• Lower exchange fees<br />
• Lower clearing fees through CCP<br />
and coming interoperability between<br />
multiple CCPs on <strong>NASDAQ</strong> <strong>OMX</strong>’s<br />
<strong>Nordic</strong> market<br />
• Latency, capacity & Co-Lo services<br />
• Many new members<br />
• Strong liquidity<br />
• Very strong European Best Bid and<br />
Offer<br />
10<br />
TURNOVER VELOCITY ON EQUITY TRADING FOR BENCHMARK EXCHANGE<br />
<strong>Nordic</strong> & European<br />
<strong>NASDAQ</strong> <strong>OMX</strong> (US)<br />
250%<br />
200%<br />
150%<br />
100%<br />
50%<br />
0%<br />
<strong>NASDAQ</strong> <strong>OMX</strong> <strong>Nordic</strong> Exchange<br />
Average of European Benchmark Exchanges<br />
<strong>NASDAQ</strong> <strong>OMX</strong> (US)<br />
1200%<br />
900%<br />
600%<br />
300%<br />
0%<br />
Note: Avg Europe includes LSE, DB, NYSE Euronext and <strong>NASDAQ</strong> <strong>OMX</strong> <strong>Nordic</strong> (WFE) Source http://www.world-exchanges.org<br />
<strong>NASDAQ</strong> <strong>OMX</strong> <strong>Nordic</strong> defines EBBO prices approx 85-90 pct of the time (March 26 – April 20, 2012)<br />
100%<br />
90%<br />
80%<br />
70%<br />
60%<br />
50%<br />
40%<br />
30%<br />
20%<br />
10%<br />
0%<br />
<strong>NASDAQ</strong> <strong>OMX</strong> S30 <strong>NASDAQ</strong> <strong>OMX</strong> C20 <strong>NASDAQ</strong> <strong>OMX</strong> H25<br />
100%<br />
100%<br />
90%<br />
90%<br />
Nasdaq<strong>OMX</strong><br />
80%<br />
80%<br />
70%<br />
70%<br />
ChiX<br />
60%<br />
60%<br />
50%<br />
50%<br />
Bats<br />
40%<br />
40%<br />
30%<br />
30%<br />
Turq<br />
20%<br />
20%<br />
10%<br />
10%<br />
Burg<br />
0%<br />
0%
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