21 October 2017
Atso Andersen

Atso Andersen

Atso Andersen - Aalto University

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INET of NasdaqOMX will blow up Nordic trading?

05 January 2010  |  2939 views  |  0

Compare share turnover ratios of Nasdaq US and NasdaqOMX Nordic exchanges: 1040% vs. 140% in October 2009 (see figure here). Trading is seven times more active in the Nasdaq US. Spring 2010 will bring the same technology to Nordic exchanges where the same large international players are already present. Shall we see some heavy trading in previously sometimes illiquid markets? I hope to see this trading increasing market valuations and creating more revenues to brokers.

Well that is only a hope. Automated trading is behind those impressive US figures. However, just a handful of Nordic stocks are liquid enough for real high frequency trading.  And only large international brokers have tools, experience and knowledge for this kind of trading.

Are Nordic players prepared for the game? At least some Nordic brokers and illiquid stocks are out of the game. Or if they are not we will see some severe market reactions in swallow trading landscape.

More importantly, are Nordic asset managers and institutional investors prepared? Well I think some if not all lack the tools, experience and knowledge.

How about post-trade processes? This spring will measure up how STP we are in a fresh Nordic CCP-world.

Spring 2010 will show us how informed local brokers and investors will meet up with non-informed, technologically advanced, high-frequency traders. Let it be a success story.

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job title Head of Corporate Relations
location Espoo
member since 2008
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Atso Andersen is Head of Corporate Relations at Aalto University. He has 15 years of professional experience in the finance industry. Moreover, he promotes financial literacy, professional education i...

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