
Omhex starts operations
“This is truly a historic day for the new Omhex company and an important step in the creation of an integrated Nordic and Baltic market, a market that we will now further develop together with our customers and other market-place entities,” said Magnus Bocker, chief executive of Omhex.
Omhex’s securities division, Hex Integrated Markets, will have four business areas: cash markets, derivatives markets, settlement and depository, and Baltic operations. The company said the merger is expected to create annual cost savings of Skr220 million ($26 million) pre-tax. Integration and restructuring costs are estimated at Skr430 million ($51 million).
“The creation of Omhex is expected to provide benefits for issuers, members and investors through increased liquidity, efficient member access, a broader range of services and lower costs when connecting to the Nordic markets,” said Omhex.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Exchanges
Regulation
French regulator questions need for share trading equivalence
Esma’s reinterpretation ahead of Brexit reduces need for equivalence system, says AMF official
Receive this by email