The NGM stock exchange is expanding to Denmark
Today, on the 11th of January, the NGM stock exchange is being launched in Denmark, and as a result of which, strengthening the competition in the Danish markets. NGM is initially launching the part of its operation that consists of exchange-traded products, so-called ETPs.
NGM offers trading in equities, bonds, structured products, ETPs as well as other types of securities which have all seen a strong growth in recent years. The expansion to Denmark is the next important step towards a comprehensive offer in the Nordic region.
- Our experience from previous expansions to monopolized markets is that competition is very positive, especially for the investors. We will be offering additional investment alternatives and better services for the Danish investors, says Roger Peleback, CEO of NGM.
Banks and other issuers of securities will also benefit from the competition by means of, for example, considerably reduced costs of listing instruments. Prices have been reduced with as much as 90 percent after NGM ending a monopoly.
NGM is initially launching the part of its operation that consists of exchange-traded products, so-called ETPs e.g. Bull & Bear-certificates and Mini Futures, a business-area where NGM currently has a leading position with a market share of 80 percent in the Nordic markets. The market for these products has been growing rapidly, particularly in Sweden and Finland, but in recent years the interest has been increasing in Denmark as well.
- There is a clear trend throughout the Nordic region as well as in large parts of Europe that investors are seeking opportunities beyond the traditional mutual funds and equities. The ETP-market in Sweden has multiplied over the last five years and interest is rapidly increasing in Denmark as well. The combination of increasing interest, structural changes in the Danish markets together with a relatively thin existing product range means that we see a great potential in Denmark, Roger Peleback continues.
The products that will be made available through NGM in Denmark are suitable for the more well-informed investors and the exchange will therefore work together with issuers and local exchange members in order to provide a solid education.
- Knowledge of how different financial instruments work is of extreme importance and our long-term commitment of this has been the foundation of our success. We are committed to showing this in Denmark as well, Roger Peleback continues.
As of today it is possible for Danish investors to trade in the products through their custody accounts with their local bank or broker. The first products are issued by the German bank Commerzbank, one of Europe’s leading banks in Exchange traded products.
For more information, please contact:
Roger Peleback, CEO, NGM
Phone: +46 8 566 390 25
Tommy Fransson, Deputy CEO, NGM
Phone: +46 8 566 390 49