Stockholm, October 14, 2009 — NASDAQ OMX Stockholm AB, part of the NASDAQ OMX
Group (NASDAQ:NDAQ), today starts trading in two new Exchange Traded Funds
(ETFs), HQ OMXS30 Double Long and HQ OMXS30 Double Short, enabling Nordic
investors to trade internationally recognized indices in local currency.
The two ETFs issued by HQ Bank will be traded on NASDAQ OMX Stockholm and are
based on the OMXS30 index which is calculated by NASDAQ OMX. The OMXS30 index
is the third most traded domestic index in Europe with more than 400 million
derivatives contracts since its start in 1986.
HQ OMXS30 Double Long and HQ OMXS30 Double Short are leveraged exchange traded
funds that offer twice the return of the daily change in the underlying OMXS30
index. The leverage increases the potential return but also the risk level.
Jenny Rosberg, Deputy CEO at NASDAQ OMX Nordic said, “We are happy to cooperate
with HQ Bank in order to expand the range of ETFs available for our investors.
ETFs represent an untapped market potential in the Nordic region, and we are
planning to launch more products that will give Nordic institutional and retail
investors the opportunity to trade world leading brands in their home markets.”
Mikael König, CEO at HQ Bank said, “ETFs are the savings form of the future. As
trading products, ETFs are complementary to our offering and will give tangible
customer value. The ambition is to launch a wide number of ETFs based on NASDAQ
OMX's indices going forward. Our aim is to take a leading position within this
area.”
About Exchange Traded Funds
An Exchange Traded Fund is a security that tracks an index, a commodity or a
basket of assets like an index fund, but trades like a stock on an exchange.
ETFs are a complement to actively managed funds and provide investors with the
possibility to invest in well known global indices in the local currency. In
the US, ETFs represent one of the most traded instruments with an annual total
turnover of over 9000 billion USD in 2008. In Europe it is one of the fastest
growing instruments in recent years and has more than ten folded its turnover
since 2002, reaching an annual turnover of over 400 billion EUR in 2008. ETFs
have been available in the US since 1993 and in Europe since 1999.
Companies in the OMXS30 index
ABB
ALFA
ASSA B
ATCO A
ATCO B
AZN
BOL
ELUX B
ERIC B
GETI B
HM B
INVE B
LUPE
MTG B
NDA SEK
NOKI SEK
SAND
SCA B
SCV B
SEB A
SECU B
SHB A
SKA B
SKF B
SSAB A
SWED A
SWMA
TEL2 B
TLSN
VOLV B
About NASDAQ OMX
The NASDAQ OMX Group, Inc. is the world's largest exchange company. It delivers
trading, exchange technology and public company services across six continents,
with over 3,700 listed companies. NASDAQ OMX offers multiple capital raising
solutions to companies around the globe, including its U.S. listings market,
NASDAQ OMX Nordic, NASDAQ OMX Baltic, NASDAQ OMX First North, and the U.S. 144A
sector. The company offers trading across multiple asset classes including
equities, derivatives, debt, commodities, structured products and
exchange-traded funds. NASDAQ OMX technology supports the operations of over 70
exchanges, clearing organizations and central securities depositories in more
than 50 countries. NASDAQ OMX Nordic and NASDAQ OMX Baltic are not legal
entities but describe the common offering from NASDAQ OMX exchanges in
Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more
information about NASDAQ OMX, visit http://www.nasdaqomx.com.
Cautionary Note Regarding Forward-Looking Statements
The matters described herein contain forward-looking statements that are made
under the Safe Harbor provisions of the Private Securities Litigation Reform
Act of 1995. These statements include, but are no limited to, statements about
NASDAQ OMX's products and offerings. We caution that these statements are not
guarantees of future performance. Actual results may differ materially from
those expressed or implied in the forward-looking statements. Forward-looking
statements involve a number of risks, uncertainties or other factors beyond
NASDAQ OMX's control. These factors include, but are not limited to factors
detailed in NASDAQ OMX's annual report on Form 10-K, and periodic reports filed
with the U.S. Securities and Exchange Commission. We undertake no obligation to
release any revisions to any forward-looking statements. There can be no
assurance that the FSA will give the NASDAQ OMX applicant the authorization and
permissions which it seeks.
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Media Contacts:
Anna Rasin
+46 8 405 66 12
anna.rasin@nasdaqomx.com
