The Nordic Exchange turns one year
Today, the OMX Nordic Exchange is turning one year. A year with some impressive results giving the companies listed on the Nordic Exchange greater exposure, members more efficient access and investors more to choose from and easier to make comparisons among a considerably larger selection of shares.
“Our ambition was to create a bigger and better marketplace. We have clearly demonstrated the potential for growth, and we’ve provided the tools to facilitate the one market approach. The Nordic Exchange is now the fifth largest exchange in Europe highly visible for investor through almost 75,000 real-time terminals for market data,” says Jukka Ruuska, President Nordic Marketplaces at OMX.
Achievements during the first year of the Nordic Exchange:
• Higher overall market cap growth than any of Europe’s six largest exchanges, from 797 to 1,083 billion euro.
• Increase in number of listed companies from 739 to 838
• Increase in daily turnover from 4 billion to 5.3 billion euro
• Increase in number of daily trades from 120,000 to 183,000
• Increase in total market cap of Nordic funds by 52%
• Increase in number of members from 153 to 161
• Increase in remote member market share to over 40%
• Increase in market data vendors from 88 to 107
This has been accomplished by integrating the Nordic financial markets and creating the Nordic Exchange which now has:
• One common trading system
• One common rulebook for trading on our exchanges
• One common set of listing requirements
• One common main market with common segmentation into large cap, mid cap and small cap companies as well as common sector classification
• One common Nordic index family
• A common alternative market in First North
“This journey has only just begun. The Nordic Exchange is an innovation process, especially as regards shifting the investor perspective to a Nordic one. Based on studies, we can see that Nordic retail investors now are ready to take that step. But to get there a close cooperation between all stake holders on the Nordic financial market is needed. And, as always, it requires our unwavering commitment to lead the way,” says Jukka Ruuska.
Today the Nordic Exchange counts as:
• Europe’s biggest exchange in the IT sector.
• Europe’s second largest exchange in the Industrials sector.
• The world’s biggest exchange in Paper Products.
• The world’s second largest exchange in Apparel Retail.
• The world’s third largest exchange in Machinery.