Nasdaq Copenhagen Introduces CCP for Small Cap Market

Nasdaq announced that Nasdaq Copenhagen is introducing a central counterparty participant for equity trading in its small cap market segment. The introduction removes bilateral counterparty risk, reduces transaction costs for trading members and aligns the post trade setup for equity trading on all main market segments at Nasdaq Copenhagen. In 2009 Nasdaq Nordic introduced the central counterparty participant for large cap shares in Copenhagen and Stockholm, and for all market cap segments in Helsinki. After the introduction, the share of non-Nordic trading in Nasdaq Copenhagen listed equities tripled from 25 pct. to 75 pct. In the same period the time-weighted average price spread for Copenhagen large caps dropped from 0.4 pct. to 0.09 pct.