NASDAQ OMX expands Norwegian securities offering

NASDAQ OMX expands Norwegian securities offering

12/11/09

NASDAQ OMX Stockholm AB, part of The NASDAQ OMX Group (NASDAQ:NDAQ), continues to expand and enhance its offering on Norwegian securities by admitting an additional four shares to trading, thus extending its offering to include the 30 largest Norwegian shares. The four new shares that will be tradable on NASDAQ OMX Stockholm as of November 20 are Tomra Systems, PA Resources, Atea and Cermaq.

On November 13, 2009, NASDAQ OMX Stockholm will be the first regulated exchange to offer Central Counterparty clearing (CCP) for trading of Norwegian equities, enabling significant cost, risk and liquidity advantages. CCP will be introduced for the 26 Norwegian shares that are currently admitted to trading on NASDAQ OMX Stockholm, and as of November 20, will also encompass the four new shares. CCP services will be provided by European Multilateral Clearing Facility (EMCF) and all clearing fees will be waived by EMCF until December 8, 2009, as part of their fee holiday.

In addition to offering CCP services, NASDAQ OMX in September introduced 15 Norwegian single-stock derivatives as well as a new tradable index - OMX Oslo 20 (OMXO20) - based on the 20 most liquid Norwegian shares. In October three Norwegian Exchange Traded Funds issued by XACT Fonder were admitted to trading on NASDAQ OMX Stockholm.

“We are very pleased with the development of our Norwegian market and are looking forward to further expanding our offering for customers interested in trading all Nordic securities on one market and through one trading system,” said Hans-Ole Jochumsen, President NASDAQ OMX Nordic. “We have had a steady inflow of new members connecting to this market and we feel comfortable reaching our goal of five percent market share in Norwegian securities by year-end.”