Today OMX’s Nordic and Baltic information service, Company News Service, goes live.
The new service is tailor-made for companies on the OMX Nordic Exchange and will improve their ability to communicate globally with investors and the media.
The service will serve as a portal to information about companies on the Nordic Exchange. By bringing together and integrating information from the Nordic and Baltic capital markets, it is intended to benefit media, investors and companies.
Company News Service is built on OMX's extensive expertise in handling information and distributing it to the financial market. Distribution will include more than 60,000 professional investor terminals, almost 3,000 traders globally, and aim at a high proportion of private investors as well as the key global and local media. All companies, regardless of size, disclosure needs, and communications strategy will be able to use the new system to reach target groups locally as well as internationally.
OMX's Company News Service addresses the EU's Transparency Directive as well as the need for efficient financial communications. The EU Directive includes new rules for distribution of price sensitive information. The final requirements of the Directive will be implemented in all of the countries by the end of the year.