Nasdaq (Nasdaq: NDAQ) announces that Swedbank AB (Sweden) has been granted the membership for participation in trading on the Nasdaq Baltic Market as of December 1, 2016. Swedbank has applied for membership on regulated Equity market and on First North markets in all three Nasdaq Baltic stock exchanges: Nasdaq Tallinn, Nasdaq Riga and Nasdaq Vilnius.
Swedbank AS (Estonia), Swedbank AS (Latvia) are already pan-Baltic members and Swedbank AB (Lithuania) is the member of Nasdaq Vilnius. Stockholm-based Swedbank becomes the 4th entity from the Swedbank’s group to join Nasdaq Baltic and becomes the 19th pan-Baltic member and the 26th member altogether.
Established in the beginning of the 19th century, today Swedbank is a modern Swedish bank with 7.2 million private customers and 600,000 corporate customers and with a leading position in Estonia, Latvia and Lithuania.
“We are excited to welcome Swedbank Sweden to the Nasdaq Baltic members’ family and believe that this decision will benefit the market development. Swedbank’s clients will attain new investment opportunities and the Baltic listed companies will get more exposure in the Nordics,” said Daiga AuziÅa-Melalksne, Head of Exchange Services at Nasdaq Baltic. “We look forward to supporting our new member.”
Swedbank will trade under the member code SWB.
Nasdaq (Nasdaq: NDAQ) is a leading provider of trading, clearing, exchange technology, listing, information and public company services across six continents. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 70 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to 3,700 listed companies with a market value of $9.3 trillion and over 18,000 corporate clients.