Nordic Growth Market (NGM), an exchange authorised by the Swedish Financial Supervisory Authority and a subsidiary of Börse Stuttgart, has recently expanded its connectivity after doing deals with NeoNet and TMX Atrium.
The Nordic Derivatives Exchange (NDX) is also connected to NeoNet’s online community after these latest connectivity moves. Both deals will expand the reach of the Nordic markets to a wider online trading community and enables NeoNet and TMX Atrium to offer its users a wider trading pool.
Commenting on the moves, Roger Peleback, chief executive of NGM said that he was happy to see NeoNet as a member, before adding latterly that, “joining the TMX Atrium community ensures that the 5000 plus financial instruments listed at NGM will be even more widely accessible for both Scandinavian-based and non-Scandinavian-based trading participants.” It is an observation that is further is further supported by the separate NeoNet deal. “Our aim is to become the leading Nordic exchange for private investors,” concluded Peleback.
• For more coverage of latency issues and other developments impacting the trading arena please read bobsguide’s report on the recent TradeTech 2012 show.