26 September 2008 News

 

Nasdaq OMX Europe launches

Nasdaq OMX Europe commenced trading today, six months after announcing its intent to launch a multilateral trading facility (MTF). Trading has begun in 25 FTSE 100 stocks and this is planned to be followed by a staggered roll-out of approximately 600 European securities, to be completed by the end of October.

Charlotte Crosswell, president of Nasdaq OMX Europe commented, "We are delighted to deliver our platform on plan within the aggressive timeframe we established. We are looking forward to delivering a better trading experience to investors as securities trading moves towards higher volumes executed at faster speeds. With our unique order routing capability, not offered by any other MTF, we have the capability to revolutionise the trading environment in Europe."

In connection to the Nasdaq OMX Europe launch today, the Nasdaq OMX Europe Index is introduced. The Nasdaq OMX Europe Index will be a market capitalized weighted index designed to track the companies traded on the Nasdaq OMX Europe marketplace. The Index will commence calculation with a value of 1500.00 today. The Nasdaq OMX Europe Index will be calculated in Euros and disseminated every 15 seconds.