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Nordic region: fire in the North
09 April 2010
The Nordic region has a vibrant listed derivative market with three financial exchanges. Nasdaq OMX's split with EDX and Oslo Børs has opened a new era of unbridled competition. Can all three can stay in the game? Colin Packham reports.
Read more:
[Nordics]
[EDX]
[OMX]
[OM]
[Oslo Bors]
[Nasdaq OMX]
[Sola]
[TMX]
[Scandinavia]
The Nordic derivatives market is not the biggest, but it is one of the most interesting. And just at the moment, the market is living through particularly interesting times – something that, as the Chinese curse suggests, is not always pleasant.
In keeping with Nordic countries’ leadership in information technology – the internet was adopted very early in Scandinavia; Nokia is Finnish and Ericsson Swedish – the Nordic markets have been at the forefront of electronic innovation in derivatives.
The entire structure of the futures and options markets in the Nordic countries has been shaped by this fact, and by one company in particular.
OM, started in 1984 by Olof Stenhammar, was a Swedish options exchange – the name stands for Optionsmäklarna.
The electronic trading systems built by this company were so far ahead of their time that they have been adopted far beyond Scandinavia, by some 50 exchanges, in countries from Jamaica to...
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