Fall and recovery on the stock market. A historical month, from a trading point of view, has passed. The NGM exchange reports the highest turnover in the history of the exchange. In total, the three markets Sweden, Finland and Norway, generated a turnover of closer to 6.4 billion SEK. The earlier record was from August, 2011, when the turnover landed at 6.5 billion SEK.
October has been a month of records for many of the exchanges in the world. The fall in the middle of the month became the start of the most intensive trading ever at the fast growing NGM-exchange. When the stock market fell, private investors turned to the trading of ETP’s (Exchange traded products) where they could make money off of the fall. The trade numbers skyrocketed and when the recovery came, the trading stayed on the same high levels.
NGM’s segment, NDX Sweden, reported a total turnover of 6.4 billion SEK for October and so far this year that means a 38 percent increase compared to the same period during 2013. NDX Finland showed record high turnover as well, landing on 85 million Euro, a 30 percent increase from the corresponding period last year. The best day of trading was October 16th.
NGM listed equities reached a total turnover of about 87 million, out of which NGM Equity accounted for 27 million dollars and Nordic MTF accounted for 60 million. So far this year trading in equities on NGM has increased by almost 26 percent compared with the same period last year.
Notes: For table, see attached file. Exchange rate for October 31, 2014: EUR/SEK: 9.2664, EUR/NOK: 8.49