EDX London to start trading on Monday

A new equity derivatives exchange, EDX London, will start trading Scandinavian equity derivatives on Monday.

EDX London, a subsidiary of the London Stock Exchange in which Sweden’s OM holds a 24% stake, has gained approval from the UK’s main regulator, the Financial Services Authority to commence trading.

OM expects EDX London to generate more than $10 million to its net income in the second quarter of 2003.

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