Record month in number of trades

August saw a record in number of trades in share trading on the Nordic Exchange. On August 9, the number of trades was 371,219 (previous record: 341,762 trades per day in February 28, 2007). Record figures in number of trades were also recorded for the month, reaching 214,167 trades per day. (previous record: 192,472 trades per day in February, 2007).

“This summer, turnover has been 60% higher per business day than last year and the number of trades has risen 85%. Certainly the volatility on the market has been a major contributor to the increased trading but the creation of the Nordic Exchange, which has attracted new members and new issuers, has lead to a structural increase in the trade,“ says Jukka Ruuska, President of Nordic Marketplaces at OMX.

The value of average daily share trading increased by 77% compared to the same month last year and the average number of trades per day increased by 118% compared to the same month last year.

Consumer Discretionary was the most growing sector in August with an increase of 37% in trading value compared to July, followed by Information Technology sector with an increase in trading value of 35%.

Trading in August
The value of average daily share trading amounted to EUR 5.5 billion, as compared to EUR 5.0 billion during the past 12-month period. The average number of trades per business day amounted to 214,167, as compared to 166,773 during the past 12-month period. The average daily trading volume in Swedish, Finnish and Danish equity and fixed-income derivative products amounted to 629,957 contracts, as compared to 628,361 contracts during the past 12-month period.