NASDAQ OMX Smart Order Routing Enables Single Point Of Entry For All Nordic Equities
NASDAQ OMX Nordic, part of the NASDAQ OMX Group, Inc. (NASDAQ: NDAQ) announced today that it has introduced the latest addition to its smart order routing offering, making NASDAQ OMX Nordic the only trading platform to offer trading in all shares in all five Nordic countries. As a result, NASDAQ OMX Nordic can facilitate best execution with EBBO, European Best Bid and Offer, for all Nordic shares on one platform through a single connection, including all shares listed at Oslo Børs and Oslo Axess.
The routing service is integrated in the INET Nordic trading system and is available through NASDAQ OMX Nordic members’ existing connectivity.
“This is an important milestone in a trading environment where technology and connectivity are important for our customers. The new routing offering makes NASDAQ OMX a one stop shop for Nordic equities, and I’m pleased to say that NASDAQ OMX has been successful in providing increased opportunities for customers in a competitive and fragmented foreign equity market”, said Lauri Rosendahl, Senior Vice President, Nordic Equities, NASDAQ OMX.
Through the latest addition to the routing offering NASDAQ OMX Nordic enables access to Oslo Børs opening-, closing- and intraday auctions, as well as posting of orders on Oslo Børs.
In May 2013, NASDAQ OMX’s lit market share was 16 percent of the top-five liquid Norwegian shares. For the OBX index as a whole, NASDAQ OMX had a market share of 12.5 percent in May 2013.