Spotlight Stock Market replaces trading system
Spotlight Stock Market exchanges its trading system and connects to Nasdaq’s INET Nordic system. This exchange enables a possible larger trade volume of shares, in the Nordic countries as well as internationally, for the shares listed on Spotlight Stock Market. The exchange of trading systems requires the approval of the Swedish Financial Supervisory Authority.
After conducting a competitive bidding process, with several systems providers participating, Spotlight Stock Market has decided to exchange its current trading system to Nasdaq’s INET Nordic system.
–The primary wish of our listed companies has been for more banks to gain access to trade and of course we have listened to them. By switching to INET Nordic, virtually every bank in the Nordic countries and the rest of Europe are given the technical possibility to trade in shares listed on Spotlight Stock Market, which may contribute to an increased liquidity for these shares. Simultaneously, we gain an increased flexibility in our own offers, Spotlight Stock Market CEO Anders Kumlin says.
For the listed companies, the systems exchange entails no extra costs. Virtually every European bank is already connected to INET Nordic, which facilitates the exchange and gives all their customers the technical opportunity to trade in shares listed on Spotlight Stock Market. However, the banks may require some internal technical system changes.
–We have acted as the systems provider for Spotlight before, in the form of AktieTorget, for many years. We are happy to see Spotlight returning to our trading system. This will benefit the financial ecosystem and trade in the Nordic countries, Nasdaq Stockholm CEO Fredrik Ekström says.
Spotlight Stock Market will contact all its members and listen to their feedback before a more detailed timetable is communicated. However, the goal is to implement the new trading system during Q4 of 2023.
For more information, please contact:
Anders Kumlin
+46 708 864 364