Enables its existing members to continue trading in Norwegian derivatives via one pan-Nordic trading platform
NASDAQ OMX Nordic, part of NASDAQ OMX Group, is launching a new portfolio of Norwegian derivatives products available for trading on September 14. Reportedly, the offering will include 15 Norwegian single-stock derivatives, as well as contracts based on a new NASDAQ OMX index, OMXO20 (OMX Oslo 20), which includes 20 most traded shares on Oslo Boers.
Effective as of December 19, Oslo Boers is expected to exit the agreement which currently allows its members access to NASDAQ OMX Nordic derivatives, and equally members of NASDAQ OMX Nordic access to Oslo Boers-listed derivatives. NASDAQ OMX’s new Norwegian derivatives portfolio enables its existing members to continue trading in Norwegian derivatives via one pan-Nordic trading platform.
Hans-Ole Jochumsen, president of NASDAQ OMX Nordic said: “Our Norwegian derivatives offering is in response to customer demand and part of our strategy to continually improve our Nordic offering. Earlier this year we launched trading in Norwegian equities, and it made sense to expand our offering with Norwegian derivatives. The contracts will be traded on the same liquid market as other prominent Nordic derivatives, including OMXS30 which today is one of the most traded indexes in Europe.”
Magdalena Hartman, vice president of NASDAQ OMX Global Index Group, said: “Our development of the OMX Oslo 20 index matches investor demand and it is an excellent complement to our global index portfolio. The index allows investors to efficiently track the performance of the Norwegian market at low transaction costs.”