The market volatility has led to high levels of activity in the secondary market, the stock exchange company reports. It’s a profitable business; NOK 82 million for the second quarter, NOK 15 million higher than the same period in 2014.
Oslo Børs VPS is seeing continued interest in the listing and registration of both shares and fixed income issues. Revenue from continuing operations for the second quarter of 2015 was NOK 234 million, which is NOK 13 million higher than in the same period in 2014. Revenue related to listing and registration increased by NOK 9 million. Revenue related to market data and income from the mutual funds area both increased by NOK 2 million.
Oslo Børs is to open a new marketplace, Merkur Market, which will offer listing and electronic trading of shares and equity certificates for both small and large companies as a supplement to the regulated Oslo Børs marketplaces. The new market will open in January 2016.
"It is important for many businesses to be able to improve the visibility of their shares and have the opportunity to raise equity capital, as well has to have access to simple and transparent share trading, but without having to take the major step involved in seeking a listing on a regulated market or stock exchange and taking on all the obligations that this involves. For many companies, this will represent a first step in accessing the capital market. We want to help to make this possible by establishing Merkur Market", explains Bente A. Landsnes, President and CEO of Oslo Børs, in a press release.