Eurex-OMX

Profile and Organization

OMX is a leading expert in the exchange industry. Through the Nordic Exchange in Copenhagen, Stockholm, Helsinki, Riga, Tallinn and Vilnius, OMX offers access to approximately 80 percent of the Nordic and Baltic securities market. Their integrated technology solutions span the transaction chain enabling efficient securities transactions for exchanges, clearing organizations, central securities depositories and other financial institutions around the world. OMX is listed on the Nordic Exchange in Stockholm, Helsinki and Copenhagen.

Cooperation

On April 9, 1999, Eurex and the former Helsinki Exchanges Group Ltd. (HEX) signed a cooperation agreement to set up a strategic derivatives market alliance. In 2003, HEX joined forces with OM, the owner of the Stockholm Stock Exchange, creating OMX. The first Nordic products were exclusively launched at Eurex on September 27, 1999. Furthermore, all HEX derivatives members became Eurex exchange members. To avoid a split in liquidity, there is no parallel listing and trading in Finnish or other Nordic products. Currently, nine equity options on Finnish shares as well as futures and options on the OMXH25 Index are traded at Eurex. One of the first products transferred from HEX to Eurex was the equity option on Nokia shares. Meanwhile, Eurex has developed into the leading marketplace worldwide for this contract. With a global market share of nearly 80 percent and a monthly average trading volume of 1.3 million contracts in 2005, Eurex is the market place of choice for Nokia options worldwide. The cooperation is very successful: market participants are profiting from a larger range of products, the market is more liquid and the costs are coming down for both market participants and the exchanges.

www.omxgroup.com