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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<strong>NASDAQ</strong> <strong>OMX</strong> <strong>Nordic</strong> Continues to Develop the <strong>Nordic</strong> Market Places<br />
…to keep up with Market Trends and to Keep <strong>Markets</strong> Attractive<br />
Standardization<br />
of the <strong>Nordic</strong> markets<br />
CCP launched October 2009<br />
CCP-only membership<br />
New Cash equity Trading Platform - INET<br />
launched February 2010<br />
New Trading & Clearing platform for Equity<br />
and Fixed Income derivatives - Genium INET<br />
launched Oct 2010<br />
<strong>Nordic</strong> Co-location services in Stockholm<br />
Sponsored Access with PRM tools<br />
Dark pool - <strong>Nordic</strong>@Mid Nov 2010<br />
Norwegian Equity and Derivative offering<br />
<strong>Nordic</strong> Order Routing February 2011<br />
CCP Interoperability for competitive clearing<br />
Implications:<br />
• Reducing operation costs through new<br />
consolidated infrastructure will enable the<br />
possibility to be competitive on trading fees.<br />
• High Market share in own listed shares<br />
• Increasing share of European Total Turnover<br />
• Lower total cost of trading<br />
• Lower quoted Spreads<br />
• High Market Quality<br />
• Enabling ultra low latency and high<br />
throughput<br />
Expectations:<br />
• Significant increase in interest from<br />
algorithmic traders. Strong Pipeline for new<br />
members<br />
• Significant increase in the demand for Colocation<br />
and access services<br />
• Reduced cost for market participants =><br />
more volumes and higher velocity
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