OMX Exchanges Annual Statistics 2004 Total share turnover amounted to EUR 553 (415) billion. The turnover rate was 124 (113) per cent. The total derivative trading turnover amounted to 112,924,208 (87,370,965) contracts. The number of listed companies amounted to 509 at the end of December (542). February was the best month ever in derivatives trading for OMX´ marketplaces and the average daily volume amounted to 636,192 contracts per day. (Earlier record January 2004: 527,910) In March the covered warrant trading for a single month reached an all time high of EUR 95.9 million at Helsinki Stock Exchange, on a daily average EUR 4.2 million. In addition, it was an all time high in number of trades per day, reaching 615 trades per day. In April the daily average in share trading reached an all time high of EUR 1,177 million at Helsinki Stock Exchange (earlier record January 2001: 1,141). Trading turnover and number of trades per day in share trading 1995-2004 [REMOVED GRAPHICS] This report comprises statistics from the Stockholm Stock Exchange, Helsinki Stock Exchange, Tallinn Stock Exchange, Riga Stock Exchange and Vilnius Stock Exchange. The reported figures pertain to all the five exchanges, unless otherwise stated. Important steps toward an integrated Nordic and Baltic marketplace Comment from Jukka Ruuska, President of OMX Exchanges and the Stockholm Stock Exchange. During the year, OMX Exchanges has taken several important steps toward an integrated Nordic Baltic security market and we offer access to 75 percent of the Nordic and Baltic equity market through a single access point. We have seen an increase in share trading as well as the market value of the listed companies during 2004. Furthermore, derivatives trading activity has increased and we have experienced a number of records. In June, the Finnish and Swedish derivatives markets were successfully integrated through the launch of the common derivatives trading platform CLICK XT for the Finnish market. As a result, exchange members and investors can now enter the market through one access point, trade Finnish and Swedish derivative products on the same platform and benefit from one rulebook, one order book and a single membership. September 27 is a historic date in OMX history. On that date, OMX Exchanges' marketplaces in Helsinki, Tallinn and Riga launched the common Nordic trading platform SAXESS, already in use at the Stockholm Stock Exchange, for trading on the cash markets. The harmonization of cash markets provides customer benefits, such as harmonized trading hours between the Helsinki and Stockholm stock exchanges, harmonized Nordic and Baltic trading rules and improved liquidity. During the year, OMX acquired the stock exchange and part of the CSD in Lithuania. Furthermore, BALTIX, the new pan-Baltic index has been introduced as well as RIGSE and VILSE, new capitalization-based total return indexes in Latvia and Lithuania. In addition, Stockholm Stock Exchange and Helsinki Stock Exchange have changed the names of the OMX and HEX25 indexes to OMXS30 and OMXH25. The OMX-owned Finnish Central Securities Depository (APK) and VPC, the Swedish equivalent, have merged, thereby creating a strong joint central securities depository group within the Nordic region. The creation of a Finnish-Swedish CSD (NCSD) will further facilitate the harmonization of rules and settlement processes. Additionally, it will promote the development of a common technology platform, which will accelerate the horizontal integration of the post-trade part of the securities transaction chain. In December, OMX and Copenhagen Stock Exchange signed a Combination Agreement regarding the combination of OMX and CSE, thereby taking the next step in realizing the vision of an integrated Nordic and Baltic securities market and further establishing OMX as one of the leading European exchange organizations. The proposed combination of the two companies will provide benefits for the customers through increased liquidity, efficient member access and a broader range of services. The combination is also expected to provide benefits for the shareholders through cost synergies as well as an expected higher activity on the cash and derivatives markets over time, resulting in increasing revenues for the combined entity. OMX Exchanges assigns priority to efforts to instill confidence in the capital market. As part of this work, more than three thousand people have undergone training in exchange rules and insider regulations in the past 18 months, due to the fact that Stockholm Stock Exchange has introduced a requirement that Board Members, senior executives and auditors of listed companies receive such training. Helsinki Stock Exchange has played a leading role in the design of the code of conduct for Finnish companies and this was incorporated in the exchanges rules and regulations in July 2004. The preparation of a code of conduct for Swedish companies is one of the most significant actions taken in Sweden during the past year in order to promote confidence in Swedish enterprise and the countrys equity market. Stockholm Stock Exchange has participated actively in the design of the code and intends to incorporate it into its listing regulations. During 2005, additional steps will be taken towards the establishment of an integrated Nordic and Baltic market, such as the introduction of harmonized surveillance rules and a common index structure. OMX Exchanges will also continue its activities to enhance confidence in the stock market. I became President of Stockholm Stock Exchange on January 1, and I believe that continue leading the work of the Exchange and OMX Exchanges to create a completely integrated Nordic and Baltic securities market will be an extremely stimulating task. Share Trading The average share-trading turnover per business day amounted to EUR 2,184 (1,665) million, representing an increase of 31 per cent. The total share turnover amounted to EUR 553 (415) billion. The average number of closed transactions per business day was 58,069 (52,745), implying an increase of 10 per cent. The turnover rate was 124 (113) per cent. Derivatives Trading Average derivative-trading turnover (share and interest-rate related contracts) amounted to 446,065 (350,463) contracts per day, representing an increase of 27 per cent. The total derivative-trading turnover amounted to 112,924,208 (87,370,965) contracts. The average number of contracts in share-related derivative products amounted to 420,239 (323,658) contracts per day, while the average number of contracts in interest-rate related derivative products amounted to 25,826 (26,805) contracts per day. The total value of trade in stock options amounted to EUR 5.8 (4.6) million per day. The average price of stock options was EUR 25 (26) per contract. Turnover per day, derivative trading 1995-2004 [REMOVED GRAPHICS] Covered warrants trading The average warrants trading turnover per business day amounted to EUR 6,027 (4,738) thousand during year 2004. The total warrants trading turnover amounted to EUR 1,527 (1,182) million, an increase of 29%. Index trends year 2004 The OMXS30 Index increased by 17 per cent and closed at 741.9 (31.12.2003: 636.3). The OMXH25 index closed at 1 831.0 (31.12.2003: 1 531.0), representing an increase by 20 per cent. The TALSE index closed at 448.8 (31.12.2003: 285.7), an increase by 57 %, the RIGSE index closed at 413.6 (31.12.2003: 288.3), an increase of 44 per cent and the VILSE index closed at 293.4 (31.12.2003: 174.5), an increase of 68 per cent. Members During the year 2004, Stockholm Stock Exchange has received 11 new members while 12 memberships have expired. Helsinki Stock Exchange has received 1 new member and 1 membership has expired. Tallinn Stock Exchange has received 4 new members and 1 membership has expired. Riga Stock Exchange has received 4 new members and 3 memberships have expired. At Vilnius Stock Exchange 2 memberships have expired. On December 30, 2004 the total number of members was 122 (excluded 48 members who are members at more than one exchange). As of December 31, 2004 Stockholm Stock Exchange had 78 (31.12.2003:79) members, Helsinki Stock Exchange had 44 (31.12.2003: 44) members, Tallinn Stock Exchange had 15 (31.12.2003: 12) members, Riga Stock Exchange had 14 (31.12.2003: 13) members and Vilnius Stock Exchange had 19 (31.12.2003: 21) members. List changes Shares Total market value of all listed companies amounted to EUR 471 billion as of December 31 (December 31, 2003: EUR 421 billion.) During the year 2004, 10 companies were listed on Stockholm Stock Exchange and 15 companies were delisted, 1 company was listed on Helsinki Stock Exchange and 9 companies were delisted, on Tallinn Stock Exchange no companies were listed and 1 company was delisted and on Riga Stock Exchange 4 companies were listed and 21 companies were delisted. On Vilnius Stock Exchange 1 company was listed and 3 companies were delisted. The total number of listed companies is 509 (31.12.2003: 542), of which 277 companies are listed on Stockholm Stock Exchange (31.12.2003: 282), 137 are listed on Helsinki Stock Exchange (31.12.2003: 145), 13 are listed on Tallinn Stock Exchange (31.12.2003: 14), 39 are listed on Riga Stock Exchange (31.12.2003: 56) and 43 are listed on Vilnius Stock Exchange (31.12.2003: 45). Bonds The total number of listed bonds is 1,839 (31.12.2003:1 620) of which 1,485 (31.12.2003: 1 418) on Stockholm Stock Exchange, 287 on Helsinki Stock Exchange (31.12.2003: 263), 5 on Tallinn Stock Exchange (31.12.2003: 3), 29 on Riga Stock Exchange (31.12.2003: 21) and 33 on Vilnius Stock Exchange (31.12.2003: 37). Covered warrants The total number of listed covered warrants is 1,820 (31.12.2003: 1,332), of which 1,491 (31.12.2003: 1,101) on Stockholm Stock Exchange and 329 (31.12.2003: 231) on Helsinki Stock Exchange. The ten most traded companies [REMOVED GRAPHICS] Market Surveillance and Enforcement Five of the matters involving listed companies and exchange members that Stockholm Stock Exchange has handled during the year were submitted to the Exchange's Disciplinary Committee for action and two to the Stockholm Stock Exchange's board of directors. The results of the cases addressed by the Disciplinary Committee were that three companies were fined and one company received a warning, while no sanctions were imposed in a case involving one company. In the two cases that were handled by the Stockholm Stock Exchanges board of directors, one company was delisted and one member's exchange membership was terminated. During the year approximately 2800 persons in listed companies have undergone training in exchange rules and insider regulations. During the year, Stockholm Stock Exchange referred 33 matters of suspected insider trading to the Financial Supervisory Authority. Four of the surveillance matters that Helsinki Stock Exchange has handled during the year were submitted to the Exchange's Disciplinary Committee for action. In one case, the Committee gave a prejudice but no sanctions. In the other three cases, the committee imposed a warning or a reprimand, without further sanction. Tallinn Stock Exchange has handled 15 surveillance cases during year 2004. Five cases have resulted in sanctions. The Arbitration Court has handled one case during the year. For more information or comments, please contact For matters regarding trading statistics: In Stockholm, Ulrika Olofson, Communications Specialist, +46 8 405 63 76 In Helsinki, Mari Häyry, Communications Manager, +358 9 6166 7599 In Tallinn, Tex Vertmann, Communications Manager, +372 640 8862 In Riga, Krista Grintale, Corporate Communications Department Director, + 371 7212 431 In Vilnius, Diana Sokolova, Marketing and Communications Manager +370 5 272 13 71 For matters regarding market surveillance Anders Ackebo, Senior Vice President Surveillance +46 8 405 70 10 These statistics are also available at www.omxgroup.com. About OMX Exchanges | OMX is a leading partner for more efficient securities transactions. OMX consists of two divisions: OMX Technology and OMX Exchanges. Through the OMX Exchanges division, OMX owns and operates the equity and derivatives exchanges in Stockholm, Helsinki, Tallinn, Riga and Vilnius as well as the central securities depositories in Estonia and Latvia. Through OMX Exchanges, OMX offers access to 75 percent of the Nordic and Baltic Securities market. For more information please visit www.omxgroup.com. The full report
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