Nordic Derivatives Exchange considers expansion in Europe

NDX looks to build on success in Sweden and Finland

tommy fransson at nordic derivatives exchange
Tommy Fransson

When Nordic Growth Market decided to take on Nasdaq OMX in 2003 with a niche exchange for derivatives investments, it appears to have been on to something good. By offering banks a specialised service and the potential for market penetration for new entrants, the Nordic Derivatives Exchange (NDX) has risen to become market leader in Sweden and Finland, and has plans to make inroads into Norway's slowly recovering structured products market. "We started the exchange at the request of issuers.