OMX introduces Nordic market data products

Source: OMX

As an element in the creation of the Nordic exchange, OMX launches new Nordic real-time information products.

The vendors of market information to private investors get real-time prices from the OMX exchanges in Copenhagen, Stockholm and Helsinki at the lowest prices in Europe. The change will be implemented in connection with the Nordic list which is launched on October 2.

Jukka Ruuska, President Nordic Marketplaces, OMX says, "In general, OMX changes the offering of information products from being based on the activity on each exchange to covering our Nordic exchanges in Copenhagen, Stockholm and Helsinki. We are going to launch the new products in connection with the launch of Nordic list on October 2 so that private investors already from the beginning will get access to real-time prices for all the companies on the Nordic list."

And Jukka Ruuska continues, "As of October, vendors of market information to private investors can get real-time share prices at the lowest prices in Europe. OMX offers information from the exchanges in Copenhagen, Stockholm and Helsinki so that private investors will get the best information – i.e. real-time prices, just like the professional investors. This way, the private investors will have the best basis for trading confidently on our Nordic marketplaces."

The price of 1 euro per month is paid by the market information vendors in royalty to OMX for each private end customer. The information covers prices on shares and bonds and company information from companies listed on the OMX exchanges in Copenhagen, Stockholm and Helsinki. Real-time information on derivatives will also be available for only 1 euro per month.

Moreover, OMX is going to offer its members special real-time products like "snapshot" prices to be used for exchange trading via the internet banks aimed at private customers.

As of October, the information products will also be available to the professional investors as Nordic products based on shares, bonds and derivatives. The new Nordic products will be cheaper than the three existing national products combined. Moreover, new products will be launched such as real-time products with extended order depth at 20 levels.

The new information products reflect OMX's Nordic list, the bond and derivatives markets. The Nordic list provides an overall presentation of the listed companies on the exchanges in Copenhagen, Stockholm and Helsinki, classifying the companies according to size. Large Cap comprises companies with a market capitalization in excess of EUR 1 billion, the Mid Cap companies have a market capitalization of between EUR 150 million and EUR 1 billion, while the Small Cap companies have a market capitalization below EUR 150 million. The companies will continue to be divided into sectors.

The new product structure is not expected to have a significant impact on earnings and the financial results in OMX in the short term.

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