Nasdaq OMX has delayed the deadline for migrating its Nordic exchange venues to the new Inet trading platform by two months.
The global exchange group says it has agreed the new timetable in liaison with the Danish Securities Dealers Association, the Federation of Finnish Financial Services and the Swedish Securities Dealers Association.
As a result Nasdaq OMX exchanges in Copenhagen, Helsinki, Iceland, Riga, Stockholm, Tallinn and Vilnius will switch over to the Inet platform on 8 February, rather than the scheduled dates in late-November/early-December.
In a statement, Nasdaq OMX says: "The joint decision between Nasdaq OMX and the Nordic Securities Dealers Associations about the new timetable has been taken in order to ensure readiness and ample time for system testing among market participants in all seven countries, and thus safeguard a secure and seamless transition to the new trading platform."
The implementation is subject to necessary regulatory consent or approval.