Oslo, January 20, 2021 - Nasdaq (Nasdaq: NDAQ) today announced year-end figures
for its Norwegian derivatives offering. In 2020, market share in Nasdaq's
single stock options continued to lead the market, with an 88 percent share of
open interest and 78 percent share of traded volumes at the end of the year.
Over the last two years, the market share for single stock options has
increased from 16 percent to 88 percent.
Nasdaq also saw a strong growth in trading of its index futures, with the
market share doubled over 2020 to 32 percent. Nasdaq's Norwegian index future
is based on the Nasdaq O20 index, which continues to gain momentum among market
participants looking to invest in Norwegian blue chip stocks. Just under 30
regional and international banks and brokers were active in Nasdaq's Norwegian
derivatives market in the last quarter of 2020, including all major Nordic
banks.
"The strong development we see in Norway suggests that market participants are
looking to trade on a truly pan-Nordic market, with deep roots in the Nordic
financial eco-system, leveraging world-leading market technology," said
Alessandro Romani, Head of European Derivatives at Nasdaq. "In 2020, we
launched a number of new products unique to the region, and we will continue to
work closely with our growing client base in order to further develop and
expand what is already the leading Nordic platform for derivatives."
In November last year, Nasdaq launched Gross Return Futures for single stock
futures in order to help investors manage dividend risk. Additionally, for
investors looking to learn more about derivatives trading, Nasdaq continues to
work with OptionsPlay to bring intuitive options education with actionable
trading ideas. The platform is adapted to a Nordic context and available free
of charge to all private investors.
Open interest, Norwegian Derivatives
Open Contracts Market share Contracts Market share
interest December 30, December 30, January 31, January 31,
2020 2020 2020 2020
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Single 261 196 88 % 231 983 48 %
Stock
Options
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Index 9 957 32 % 11 762 19 %
Futures
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All product 275 213 77 % 247 448 35 %
segments
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Turnover and market share, Norwegian Derivatives
Turnover Contracts Market share Contracts Market share
December, 2020 December, 2020 January, 2020 January, 2020
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Single Stock 77 541 78 % 66 544 23 %
Options
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Index 35 608 28 % 34 065 16 %
Futures
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All product 115 867 47 % 104 152 16 %
segments
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Nasdaq Media Contact
David Augustsson
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david.augustsson@nasdaq.com© 2021 GlobeNewswire
