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SWEDEN’S LARGEST FUND MANAGER STARTS CLEARING INTEREST RATE SWAPS THROUGH NASDAQ

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Stockholm, December 19, 2014 — Nasdaq Clearing today announced that Swedbank Robur, the largest Swedish fund manager, has started clearing of Interest Rate Swaps (IRS) through the clearing broker Swedbank. The OTC instruments available for clearing are Swedish Krona denominated Interest Rate Swaps, Overnight Index Swaps and Forward Rate Agreements.

“We are pleased to see new buy-side clients starting to clear IRS, especially since Swedbank Robur is one of the most active buy-side investors in the Nordics,” said Magnus Billing, Senior Vice President and Head of Nordic Fixed Income at Nasdaq. “We look forward to continuing to serve Swedbank Robur with our clearing services.”

Nasdaq plans to expand the service to also include Danish Krona, Norwegian Krona and Euro denominated instruments during 2015. Buy-side firms can access the OTC clearing service through approved OTC clearing members.

The total open interest in Interest Rate Swaps is over SEK 430 bn, making Nasdaq Clearing the third largest IRS clearinghouse in Europe.

 “Whenever possible we seek to clear our derivative exposures,” said Peter Gustafsson, Head of Fixed Income at Swedbank Robur. “This strategy is primarily adopted by Swedbank Robur in an ongoing effort to reduce counterparty risk and increase operational efficiencies. We also see this as a pro-active step to becoming compliant with upcoming regulatory requirements.”

 “This is a milestone for Swedbank’s clearing broker business,” said Magnus Olsson, Head of Client Clearing at Swedbank. “We started offering clearing broker services in 2013 and have since then been offering clearing of exchange traded derivatives to our clients. The addition of OTC rates clearing enhances Swedbank’s clearing offering and complements our existing product and service portfolio.”

“With new regulation being implemented, our customers will be able to trade efficiently and improve their performance,” said Jonas Pripp, Head of Institutional Clients at Swedbank.

About Nasdaq

Nasdaq (Nasdaq: NDAQ) is a leading provider of trading, exchange technology, information and public company services across six continents. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today’s global capital markets.  As the creator of the world’s first electronic stock market, its technology powers more than 70 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to more than 3,500 listed companies with a market value of over $8.8 trillion and more than 10,000 corporate clients. To learn more, visit business.nasdaq.com.

Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland, Nasdaq Riga, Nasdaq Stockholm, Nasdaq Tallinn, Nasdaq Vilnius, Nasdaq Clearing and Nasdaq Broker Services are respectively brand names for the regulated markets of Nasdaq OMX Copenhagen A/S, Nasdaq OMX Helsinki Ltd., Nasdaq OMX Iceland hf., Nasdaq OMX Riga, AS, Nasdaq OMX Stockholm AB, Nasdaq OMX Tallinn AS, AB Nasdaq OMX Vilnius, Nasdaq OMX Clearing AB, Nasdaq OMX Broker Services AB. Nasdaq Nordic represents the common offering by Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm. Nasdaq Baltic represents the common offering by Nasdaq Tallinn, Nasdaq Riga and Nasdaq Vilnius.

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 not limited to, statements about Nasdaq and its 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's control. These factors include, but are not limited to factors detailed in Nasdaq'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.

Media Relations Contact:
Martin Hedensiö
+46 (0) 8 405 6254
martin.hedensio@nasdaq.com

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