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SmartPool reports record market share gains in the Nordic region

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SmartPool, the European dark liquidity pool created by NYSE Euronext in partnership with HSBC, J.P. Morgan and BNP Paribas, has reported record market share gains in the Nordic region and confirmed SEB as the latest firm to join SmartPool. 

According to the Thomson Reuters Equity Market Share Service, SmartPool reported record dark market share highs in the Nordic markets during the first two weeks of March. 

Key dark market share highlights include: 10.4 per cent market share in OMX Copenhagen 20 Index; 7.3 per cent market share in OMX Helsinki 25 Index; 9.3 per cent market share in the OMX Stockholm 30 Index; and 8.6 per cent market share in the OBX (Oslo) Index.
 
Lee Hodgkinson, SmartPool chief executive, says: “SmartPool is building a deep and diverse liquidity pool in the Nordic region, with users achieving an average price improvement of between four to six basis points in large cap Nordic securities with between nine to 12 basis point improvements evidenced in mid-cap securities.
 
“I am delighted to welcome SEB (Skandinaviska Enskilda Banken) to our rapidly growing trading community. As the largest broker on the Stockholm and Oslo Stock Exchanges, SEB further expands our reach into the Nordic markets.”

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