Nasdaq Nordic to Introduce CCP clearing for Danish, Swedish Mid-Cap Shares

Mid-cap share CCP for Denmark & Sweden aimed at reducing risk, costs

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The mid-cap share CCP follows the 2009 CCP for Nordic large-cap shares.

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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