Stockholm, November 19, 2009 — NASDAQ OMX Stockholm AB, part of the NASDAQ OMX
Group (NASDAQ:NDAQ), together with Valueguard today introduced a new suite of
housing price index, “NASDAQ OMX Valueguard-KTH Flats” (HOX), based on the
price development for privately held flats in Sweden's three largest cities.
The HOX index will increase the transparency of the housing market by providing
timely and trustworthy information of the monthly price movements. This is the
first step in building a standardized market for financial products with
housing prices as the base. In the longer run, households will be able to
invest in products that give a return equal to the price changes in the housing
markets.
The calculation of the index is done by Valueguard Index Sweden, based on a
methodology developed together with the KTH Royal Institute of Technology. The
index base value is 100 and the base date is January 2005, and distribution
starts today.
“The housing market in Sweden is about the same size as the market
capitalization of the entire NASDAQ OMX Stockholm”, says Erik Thedéen,
President NASDAQ OMX Stockholm. “For most households, the house is the largest
asset and we believe that many house-owners could benefit from being able to
manage their exposure to this market and to save in financial products with the
return linked to house prices”.
Håkan Toll, CEO of Valueguard, says: ”We are pleased to launch this suite of
indices together with NASDAQ OMX. We believe that this is the first step for
the introduction of financial products based on these indices that can be used
by both professional and retail investors to manage their exposure to this
market.”
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 not 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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CONTACTS:
The NASDAQ OMX Group, Inc.
Anna Rasin
+46 8 405 66 12
anna.rasin@nasdaqomx.com
Carl Norell
+46 8 405 66 39
carl.norell@nasdaqomx.com
