The Nordic region’s financial derivatives market has been beset by institutional realignments and mergers for years. Now the landscape seems settled, with Nasdaq OMX as the dominant exchange and a partnership between Oslo Børs and EDX London.
As Wyn Jenkins discovers, the exchanges are now determined
to look for growth in trading, by reaching out to new clients
and listing new products. That is, unless another merger comes
"We see many opportunities in the derivatives space. We are
seeing growing numbers of members and we are developing to
offer them new products."
That is how Hans-Ole Jochumsen, executive
vice-president of transaction services
Nordics, sums up Nasdaq OMX’s bullish attitude to
the financial derivatives market in the Nordic region.
The exchange’s plan for capitalising on this
opportunity? "We have a two-pronged approach: we are investing
heavily in our infrastructure; and we are developing our
portfolio of products on a step-by-step basis."
This strategy stems partly from adjustments since the
Swedish exchange OMX merged with US powerhouse Nasdaq in
February 2008, and partly from the organic competitive nature
of the landscape in the region.
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