The product accommodates increasing customer demand for cash settled products for trading in Nordics markets. Furthermore, the cash settled single stock future is expected to make trading in derivatives more accessible to investors. The advantages for investors of NASDAQ OMX Nordic in cash settled futures include central clearing of all derivatives, transparent product offering without hidden costs found in many retail products and simplicity as investors do not have to settle in a physical stock.
“In recent years we have seen increased international demand for trading in our Nordic markets. Since cash settlement is a standard offering in the European derivatives space we are making our European trading members feel even more at home with the array of products available to them in our Nordic markets. The launch is also relevant to our Nordic trading members as it makes derivatives trading even more accessible to investors by replacing expiration settlement in physical stock with expiration settlement in cash,” said Lauri Rosendahl, Head of Equities and Derivatives Markets at NASDAQ OMX Nordic.
The launch of single stock futures is an incremental step in a larger strategic move to prepare for coming EMIR regulation which will mandate all European OTC instruments be centrally cleared.
“NASDAQ OMX Nordic is moving towards becoming a major pan-European player across a variety of asset classes and this is an important step towards building a compelling offering in trading and clearing of derivatives in our Nordic markets,” said Lauri Rosendahl.
The trading on cash settled single stock futures will start on July 1, 2013.
About NASDAQ OMX Group
The inventor of the electronic exchange, The NASDAQ OMX Group, Inc., fuels economies and provides transformative technologies for the entire lifecycle of a trade - from risk management to trade to surveillance to clearing. In the U.S. and Europe, we own and operate 26 markets, 3 clearinghouses and 5 central securities depositories supporting equities, options, fixed income, derivatives, commodities, futures and structured products. Able to process more than 1 million messages per second at sub-55 microsecond speeds with 99.99% uptime, our technology drives more than 70 marketplaces in 50 developed and emerging countries into the future, powering 1 in 10 of the world’s securities transactions. Our award-winning data products and worldwide indexes are the benchmarks in the financial industry. Home to approximately 3,300 listed companies worth more than $6 trillion in market cap whose innovations shape our world, we give the ideas of tomorrow access to capital today. Welcome to where the world takes a big leap forward, daily. Welcome to the NASDAQ OMX Century. To learn more, visit www.nasdaqomx.com. Follow us on Facebook (www.facebook.com/NASDAQ) and Twitter (www.twitter.com/nasdaqomx). (Symbol: NDAQ and member of S&P 500)
Cautionary Note Regarding Forward-Looking Statements
Information set forth in this communication contains forward-looking statements that involve a number of risks and uncertainties. NASDAQ OMX cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information. Such forward-looking statements include, but are not limited to, statements about our capital return initiatives. Forward-looking statements involve a number of risks, uncertainties or other factors beyond NASDAQ OMX’s control. These factors include, but are not limited to, NASDAQ OMX’s ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk, U.S. and global competition, and other factors detailed in NASDAQ OMX’s filings with the U.S. Securities and Exchange Commission, including its annual reports on Form 10-K and quarterly reports on Form 10-Q which are available on NASDAQ OMX’s website at http://www.nasdaqomx.com and the SEC’s website at www.sec.gov. NASDAQ OMX undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.
MEDIA RELATIONS CONTACT:
Javier Lopez Garrido
45 33 77 04 30
Nasdaq Press Center
Read the latest press releases, request a press kit, and get in touch with our press team.