NASDAQ OMX Nordic includes the exchanges in Stockholm, Helsinki, Copenhagen and Iceland, and IPC has implemented direct access to NASDAQ OMX Stockholm, providing secure, high speed and resilient connectivity to the Nordic region's key financial markets.
A wide variety of products are traded on NASDAQ OMX Nordic, including equities, equity rights, convertible loans, subscription options, premium bonds, retail bonds, exchange traded funds, warrants, equity derivatives, index derivatives and fixed income derivatives. The announcement confirms IPC's continued commitment to providing its community of market participants with connectivity to key financial centers.
"NASDAQ OMX Nordic provides traders with immediate access to more than 75 percent of exchange trading across the Nordic countries, so we're an ideal destination for market participants looking to take advantage of the Nordic equities market with its broad offering across different sectors and a high number of growth companies," commented Brian Hyndman, senior vice president, Market Data Management, NASDAQ OMX. "We're delighted that IPC, one of the world's major financial trading networks, is connecting directly with NASDAQ OMX Nordic, and we're looking forward to increased trading interest from IPC's global community of over 4,000 financial market participants."
"NASDAQ OMX Nordic serves as a central gateway to the Nordic financial market, and is proving an increasingly attractive destination for traders looking to build portfolios with a good risk spread," added David Brown, senior vice president, Global Network Operations, IPC. "Firms looking to trade on NASDAQ OMX Nordic's markets now have an ideal connectivity partner in IPC, as we not only deliver secure, low latency managed network services with dedicated bandwidth, but also offer access to the many different market participants that make up the global trading community."
IPC's global network interconnects the world's major financial centers across 200 cities in 60 countries with secure, low-latency connectivity in support of all aspects of the trade lifecycle. The investment in more direct paths to key exchanges over the last six months has been a key driver behind IPC's mission to extend network route capacity. This forms part of IPC's long-term strategic plan to deliver the optimum trading network to connect buy-side firms, sell-side firms, market data providers, interdealer brokers and liquidity venues globally.