Månad: maj 2009

Any news for this week?
Olof: Today we launched trading in five Norwegian shares, StatoilHydro, Yara, REC, Seadrill and Telenor.

Were there any trades?
Olof: Trading took off almost immediately and we saw action mainly in StatoilHydro which is the most frequently traded stock in Oslo.

What are the differences and similarities compared to the launches in Sweden and Denmark?
Olof: This third launch is a bit different since the Oslo community preferred to start with a some of the most traded shares, as opposed to Sweden and Denmark. We also see similar technical challenges with clients in the early stages of adopting new technology with Smart Order Routing, enabling them to offer clients the increased liquidity by  sourcing from multiple venues.

It has been really low trading volumes, are you worried?
Olof: No, it has been as I anticipated before we started, even more some days. I expect trading volumes to progress in June when trading participants have had a change to fine-tune their applications and ensure that the whole STP chain works as planned!

What has happened today?
Olof: Today we started to trade five Danish listed equities; Coloplats, FL Smidth, NKT, Nordea and SAS. 

Ok, you are offering some new equities, but are there any participants active at all?
Olof: We have a primary group of trading participants who are able to trade and we have expected very limited volumes.

How were the volumes in the Danish equities today and what do you expect going forward?
Olof: The trading today was in line with the Swedish launch last week and our strategy with the soft launch. The plan for these weeks and until mid June is mainly initial testing and integration work at our participants’ end, in order to ensure that everything works as expected.

What else will happen during May?
Olof: Following the initial test period, we are offering Norweigan shares from next Friday, 22 May, and Finnish shares from 29 May and we are looking at adding more blue-chips stocks.

The first day of trading for Burgundy has almost passed