Nasdaq Nordic to Introduce CCP clearing for Danish, Swedish Mid-Cap Shares
Mid-cap share CCP for Denmark & Sweden aimed at reducing risk, costs
The introduction of CCP clearing for mid-cap shares in Denmark and Sweden is aimed at reducing counterparty risk and transaction costs for trading members, while encouraging international liquidity into Nordic-listed shares. The mid-cap market covers issuers with a share value between €150 million and €1 billion.
CCP clearing was first introduced for Danish, Swedish and Finnish large-cap shares in 2009, resulting in the percentage of non-Nordic turnover from equity trading increasing from 25 percent in August 2009 to 60 percent in December 2014.
The higher volumes prompted a hike in liquidity and now issuers and members will be targeting similar gains in the mid-cap market.
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