Oslo Børs launches pre-market trade in the OBX

Stock Markets — By on October 22, 2012 at 9:59 AM

Oslo Børs today launched trading in the OBX Future from 08.30 CET, i.e. half an hour before the market in Oslo opened. The pre-market trade in the OBX Future will give a good indication of how the market will open, in addition to being an instrument for investors who want to hedge their equity positions through derivative investments.

The OBX index consists of the 25 most traded shares on Oslo Børs

Oslo Børs will from 22 October 2012 be the first marketplace in Scandinavia where investors can start trading in the morning. And the first of the Nordic stock exchanges where the development in for example oil prices and the European, U.S. and Asian stock markets after the previous day’s close are being considered.

– Market participants have requested the ability to start trading in the OBX Future earlier in the morning, in order to take advantage of the opportunity to hedge their equity positions through derivative investments. In addition, the price of the OBX in the pre-market trade will give a good indication of how the market will open, says Anders Holen, Head of Trading, Derivatives on Oslo Børs.

The OBX Future is a standardized derivative with fixed maturities (expiration date) and daily market settlements.

The pre-market trade in the OBX Future will be offered in the Oslo Børs and Turquoise linked order book and is thus available for both Norwegian and international investors.

– Pre-market trade in the OBX Futures is an exciting product that we believe both the Norwegian and international market will appreciate. It is part of the Oslo Børs continuous efforts to develop new products and services that the market demands, says Bente A. Landsnes, president and CEO of Oslo Børs.

OBX Futures Oslo Børs offers trading in futures on the OBX Index. The OBX Index is a total return index composed of the 25 most traded shares on the Oslo Børs, and reflects the movements of the stock market in general. Oslo Børs began trading options on stocks and the OBX Index in 1990 and in 1992 also introduced futures on the OBX Index.

Pre-market trading OBX future_oct2012

 

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