Nasdaq OMX Europe has announced its intention to become the first pan-European multilateral trading facility (MTF) to offer trading in Eastern European stocks.
The MTF, owned by exchange group Nasdaq OMX, said it planned to offer trading in blue-chip securities listed on Budapest Stock Exchange, Warsaw Stock Exchange and Prague Stock Exchange.
The expansion is expected to take place in Q1 2010 and is subject to regulatory approval. Pan-European clearer EMCF, which is 22% by Nasdaq OMX, will provide central counterparty clearing services for Nasdaq OMX Europe in the three markets.
“This extension is a natural evolution in our pan-European strategy and together with EMCF we will ensure that our customers are able to access the markets they require through one single connection,” said Charlotte Crosswell, president, Nasdaq OMX Europe.
Nasdaq OMX Europe captured a 0.63% share of trading in pan-European blue-chip stocks in the week ending 4 September, according to the Fidessa Fragmentation Index.