STOCKHOLM, Sweden, Feb. 14, 2005 (PRIMEZONE) -- Today, the OMXS30 future, one of Stockholm Stock Exchange's most traded derivative contracts, becomes a daily settled contract. The change is an adaptation to international standards. It will result in more efficient asset management among investors and is one of OMX Exchanges' efforts to attract investors to the Nordic and Baltic region.
In brief, the change means that the OMXS30-future will undergo daily cash settlement, rather than the previous situation of settlement on the closing date. The main benefits derived from daily settlement are that asset management will become more efficient and that the futures can be offset during their term. The future is expected to become more liquid and have a higher turnover because international adaptation will make trading by international investors easier and more attractive.
For further information about the OMXS30 future, please visit www.omxgroup.com/stockholmsborsen.
For more information, please contact: Henrik Paulsson, President Derivatives Markets, OMX Exchanges + 46 8 405 73 34 Annika Molander, Vice President Communications, OMX Exchanges + 46 8 405 66 10
About OMX Exchanges
OMX is a leading partner for more efficient securities transactions. OMX consists of two divisions: OMX Technology and OMX Exchanges. Through the OMX Exchanges division, OMX owns and operates the equity and derivatives exchanges in Stockholm, Helsinki, Tallinn, Riga and Vilnius as well as the central securities depositories in Estonia and Latvia. Through OMX Exchanges, OMX offers access to 75 percent of the Nordic and Baltic Securities market. For more information please visit www.omxgroup.com.
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