At the beginning of this year, Handelsbanken launched an improved investor service based on Nordic Light, the Nordic standard for consolidated stock market data.
The solution is delivered by SIX Telekurs as a fully managed service and is seamlessly integrated into Handelsbanken's comprehensive on-line investor offering.
Nordic Light provides a uniform and consolidated market view
The trading landscape has changed dramatically over the last few years. The days of national stock market monopolies are long gone. Today, a single stock can be simultaneously traded on multiple marketplaces, and it has become increasingly difficult to compose a relevant and reliable market view. Ultimately, investors stand the risk to base investment decisions on incomplete market information. The need for transparency through consolidation of the respective market information is obvious.
In a joint effort to address this issue, Nordic financial industry partners have agreed on a standard which will be used when providing Nordic market data to investors. The standard, named Nordic Light, includes consolidated market data from the following trading places: AktieTorget, Burgundy, Chi-X, NasdaqOMX, NGM and Oslo Börs.
Handelsbanken adopts Nordic Light with help from SIX Telekurs
This year, Handelsbanken launched a new set of market data and trading tools built on the concept of Nordic Light in its on-line investment service. With stock lists, order books and trade tickers based on Nordic Light, capturing over 95% of market activity, Handelsbanken's clients are well equipped to make informed investment decisions. The solution is delivered by SIX Telekurs as a fully managed service and is seamlessly integrated into Handelsbanken's comprehensive on-line investor offering.
"As one of the initiators of Nordic Light, our aim is to provide a clear and uniform market view in all distribution platforms. With this solution provided by SIX Telekurs, Handelsbanken is taking a lead in the region, and we are sure that more banks will follow," says Bosse Nordlander, CEO of SIX Telekurs Sweden AB.
"Handelsbanken and SIX Telekurs have had a close cooperation for many years. We share the ambition to be at the forefront and continually develop our market information services for the benefit of our customers. Our customers have very high demands for access to both liquidity and full transparency to the market. With Nordic Light we can create transparent information services which allow customers to take on the fragmented market. We are very pleased to be able to offer this service to our customers," says Jan Aronsson, Investment Center Handelsbanken e-solutions.