Stockholm, March 16, 2011 — NASDAQ OMX (NASDAQ:NDAQ) today launched trading in a new series of ETFs (Exchange Traded Funds) from SEB. The ETF portfolio from SEB is named SpotR and today (March 16) three new ETFs were listed on NASDAQ OMX Stockholm: SpotR OMXS30, SpotR Bull OMXS30 and SpotR Bear OMXS30.
All three ETFs track the OMXS30 (OMX Stockholm 30) index, which is calculated by NASDAQ OMX and comprises the 30 most actively traded companies on NASDAQ OMX Stockholm. The Bull and Bear products are leveraged ETFs that offer twice the return of the daily change in the underlying OMXS30 index. The leverage increases the chance for higher return but also the risk level and is intended primarily for experienced customers.
“We are delighted to add SEB as a customer on NASDAQ OMX’s ETF market, and this launch underscores the rising interest in these products in the Nordic region,” says Jenny Rosberg, Deputy President NASDAQ OMX Nordic. ”During 2010 trading in NASDAQ OMX listed ETFs amounted to over SEK 200 billion in the Nordics, and we are hopeful that the market will continue to grow as we expand our offering.”
Peter Dahlgren, Global Manager, Institutional Customers, SEB Asset Management, commented: ”SEB foresees great potential in the ETF market and through the SpotR portfolio we are complementing our total offering of financial products. Going forward, we intend to increase our offering of ETFs linked to other underlying assets in order to develop a broad portfolio aimed at both private and institutional investors.”
An ETF fund is a security that tracks an index, a commodity or a basket of assets, at the same time as it is traded as a share on an exchange.
About NASDAQ OMX Group
The NASDAQ OMX Group, Inc. is the world's largest exchange company. It delivers trading, exchange technology and public company services across six continents, with approximately 3,600 listed companies. NASDAQ OMX Group offers multiple capital raising solutions to companies around the globe, including its U.S. listings market; NASDAQ OMX Nordic, including First North, NASDAQ OMX Baltic and the U.S. 144A sector. The company offers trading across multiple asset classes including equities, derivatives, debt, commodities, structured products and ETFs. NASDAQ OMX Group technology supports the operations of over 70 exchanges, clearing organizations and central securities depositories in more than 50 countries. NASDAQ OMX Nordic and NASDAQ OMX Baltic are not legal entities but describe the common offering from NASDAQ OMX Group exchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more information about NASDAQ OMX, visit www.nasdaqomx.com. *Please follow NASDAQ OMX on Facebook (http://www.facebook.com/pages/NASDAQ-OMX/108167527653) and Twitter (http://www.twitter.com/nasdaqomx).
Cautionary Note Regarding Forward-Looking Statements
The matters described herein contain forward-looking statements that are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are no limited to, statements about NASDAQ OMX's products and offerings. We caution that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. 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 factors detailed in NASDAQ OMX's annual report on Form 10-K, and periodic reports filed with the U.S. Securities and Exchange Commission. We undertake no obligation to release any revisions to any forward-looking statements. There can be no assurance that the FSA will give the NASDAQ OMX applicant the authorization and permissions which it seeks.
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