For best execution, the focus is no longer strictly on price, but also cost, speed, likelihood of execution and settlement, size and nature of the order. New tools are needed to support a deeper level of order parameters and access to key market data. With this in mind, OMX Nordic Exchange offers comprehensive services to ensure that all the steps are taken to deliver efficiency and meet best execution requirements for Nordic and Baltic securities trading.

The Nordic Exchange encompasses markets for derivatives, fixed income and equities trading. The equity market consists of a main market and an alternative market for growth companies with more than 800 listed companies and over 150 members.

OMX Nordic Exchange facilitates different trading strategies for all types of investors. We offer a wide range of order types, and our proven technology is one of Europe’s fastest with an average trading system latency of 3 ms and 93% of all trades matched automatically.

Our best execution services include:

Liquidity services

With the largest liquidity pool for Nordic and Baltic securities, OMX Nordic Exchange is improving its microstructure for block trading and making enhancements to enable internal crossing in the central order book. Liquidity services provide investment firms with options to optimize trade execution and efficiently handle all order sizes with one connection.

Best execution plug-in

We have developed a new range of tools and reports to facilitate best execution policy audits. The quality reports cover both quotation and execution quality and provide price calculations for the cost of trading at OMX Nordic Exchange. The service also includes tools for benchmarking equity trades in Nordic and Baltic securities.

Product sheet: Best execution - Execution policy tool

Low latency services

With access points in all major financial hubs, NASDAQ OMX offers a wide selection of connectivity solutions ensuring that the network is capable of matching all member trading needs. NASDAQ OMX also provides services to minimize network latency and thereby further improve member conditions for algorithmic trading as well as information vendor conditions for accessing high speed market data.