Stockholm, May 21, 2010 - NASDAQ OMX Nordic, part of the NASDAQ OMX Group, Inc,
today announces that it will extend the European harmonized tick sizes to cover
all Nordic Large Cap shares traded on NASDAQ OMX Nordic exchanges in Stockholm,
Helsinki and Copenhagen as of June 7, 2010. The decision to implement the
European tick sizes for all Swedish, Finnish and Danish Large Cap shares was
taken in co-operation with the Nordic Securities Dealers' Associations and the
Association for Financial Markets in Europe.
The harmonized European tick size regime was first implemented at NASDAQ OMX
Nordic for the constituents of the main Nordic tradable indices (OMXS30, OMXH25
and OMXC20) by NASDAQ OMX Stockholm on October 26, 2009, followed by the
Helsinki and Copenhagen exchanges on January 4, 2010.
The harmonization of tick sizes (the smallest possible change in share price)
aims at minimizing implicit transaction costs when trading with Nordic equities
and increasing liquidity on the Nordic markets. NASDAQ OMX Nordic implements new
tick size tables in accordance with the agreement reached by the Federation of
European Exchanges, the London Investment Banking Association and a number of
European MTFs in July 2009. The aim of the agreement is to harmonize the tick
size regimes in Europe and thus deliver multiple benefits to the markets, users
and investors by simplifying the complexity and number of regimes being used.
NASDAQ OMX Nordic's tick sizes for Large Cap shares in Stockholm, Helsinki and
Copenhagen as of June 7, 2010*
--------------------------------------------------------------------------------
| Share price SEK/EUR/DKK | Tick size SEK/EUR/DKK |
--------------------------------------------------------------------------------
| 0 - 0,4999 | 0,0001 |
--------------------------------------------------------------------------------
| 0,5 - 0,9995 | 0,0005 |
--------------------------------------------------------------------------------
| 1 - 4,999 | 0,001 |
--------------------------------------------------------------------------------
| 5 - 9,995 | 0,005 |
--------------------------------------------------------------------------------
| 10 - 49,99 | 0,01 |
--------------------------------------------------------------------------------
| 50 - 99,95 | 0,05 |
--------------------------------------------------------------------------------
| 100 - 499,9 | 0,1 |
--------------------------------------------------------------------------------
| 500 - 999,5 | 0,5 |
--------------------------------------------------------------------------------
| 1000 - 4999 | 1
|
--------------------------------------------------------------------------------
| 5000 - 9990 | 5
|
--------------------------------------------------------------------------------
| 10000- | 10
|
--------------------------------------------------------------------------------
*For other shares, the current tick size regime of each market will continue to
apply
About NASDAQ OMX:
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 over 3,600 listed companies. NASDAQ OMX offers multiple capital raising
solutions to companies around the globe, including its U.S. listings market,
NASDAQ OMX Nordic, NASDAQ OMX Baltic, NASDAQ OMX First North, and the U.S. 144A
sector. The company offers trading across multiple asset classes including
equities, derivatives, debt, commodities, structured products and
exchange-traded funds. NASDAQ OMX 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 exchanges in Helsinki,
Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more information
about NASDAQ OMX, visit http://www.nasdaqomx.com. *Please follow NASDAQ OMX on
Facebook and Twitter.
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 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.
- # -
NASDAQ OMX Media Contacts:
Anna Rasin,
+46(8)405 66 12
anna.rasin@nasdaqomx.com
NDAQG
