Common Trading Rules for NOREX
Common Trading Rules for NOREX From today, members of the NOREX Alliance have a common set of rules on securities trading. The NOREX Alliance has thereby reached a new milestone on its way to establish a common Nordic securities market. In addition, it is worth remembering that earlier this year the NOREX Exchanges in Copenhagen, Oslo and Stockholm also implemented a unified industrial classification for listed companies. The new common trading rules make it easier for cross members to act on the cash markets on the Copenhagen Stock Exchange, Iceland Stock Exchange and Stockholmsbörsen. The members now have a complete rulebook on membership conditions and trading rules, which also contains a description of the trading terms and characteristics of the trading system. The rules cover the equities and fixed income cash markets. All market participants, members, dealers as well as investors can at any time find the complete and updated version of the NOREX Member Rules on www.norex.com. Poul Erik Skaanning-Jørgensen, CEO of the NOREX Alliance, says: "The NOREX Alliance is the first international stock exchange alliance to succeed in developing and implementing a joint rule book. The rules provide easier and more simple access to our cash markets for our cross members, and they have now been laid down in a common rule book on securities trading. And that's unique!" The NOREX Member Rules will also apply to members of Oslo Børs when Oslo Børs has implemented the common trading system, SAXESS next year. Please address questions regarding this press release to Poul Erik Skaanning-Jørgensen, Copenhagen Stock Exchange +45 3393 3366 or to the following members of the 'NOREX Member Rules Group': Claus Thorball, Copenhagen Stock Exchange +45 3393 3366 Ulf Lindgren, Stockholmsbörsen +46 8 405 7060 Helena Hilmarsdóttir, Iceland Stock Exchange +354 525 2800 Christina Stray, Oslo Børs + 47 2234 1700 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2001/10/01/20011001BIT00940/bit0002.doc http://www.waymaker.net/bitonline/2001/10/01/20011001BIT00940/bit0002.pdf