OMX Stock Exchanges (OMX)
OMX Exchanges is the largest
securities market in the Northern Europe seeking regional competitiveness
through effective integration over national borders. It provides access to about
80% of the Nordic and Baltic securities markets.
OMX AB operates six stock
exchanges in the Baltic (Vilnius, Riga, Tallinn Stock Exchanges) and Nordic
(Copenhagen, Stockholm, Helsinki) countries. Investors enjoy high liquidity and
efficient trading through OMX's one trading system, harmonized trading rules,
and practices in Nordic and Baltic markets. In equity trading, OMX's Nordic
Exchange is the Europe's fifth largest exchange in terms of the number of
transactions. In equity-related derivative trading, OMX's Exchange is the third
largest exchange in terms of the number of contracts.
The Exchange having 1.370
employees experienced a rapid growth with increase in equity turnover by 22%,
derivative contracts by 15%, and market capitalization of 33% in 2005. As a
result of increased trading activity, the revenues went up by 8% and operating
income by even 48%.
The companies listed on the OMX
Exchanges are enabled to receive investing across the borders. Nokia, Ericsson,
and Nordea Bank are one of the largest OMX's listed
companies in terms of market capitalization. In the last 10 years, the list of
companies on the Exchange has grown by 1%, whereas, the capitalization of the
listed companies has increased by 14% annually. Today total market capitalization
for all the listed 678 companies amount to SEK 7,012
m.
Equity trading on the OMX is
operated through the electronic trading system SAXESS that the OMX developed
itself. SAXESS is the order-based system which matches orders electronically.
In addition, derivative trading is carried out in the CLICK XT trading system
that has also been developed by the OMX. The OMX Exchanges has also developed
the TARGIN price dissemination system that provides valuable up-to-date
information to investors.
OMX AB (ticker symbol 'OMX') has
been assigned Standard & Poor's A/Stable long-term and A-1 short-term
counterparty credit rating.
For more information, consult the OMX website: