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European Exchange Traded Products

ETP Products & Services

ETF

Exchange Traded Funds

The ETFs listed on Nasdaq Nordic track the performance of a wide variety of underlying asset classes. There are also ETFs that provide magnified exposure to these assets through leveraged funds, which create the potential for several times greater daily return. The ETFs listed on Nasdaq Stockholm track the performance of indexes such as the OMXS-30 and OMX Stockholm Benchmark Index. There are also ETFs that provide magnified exposure to these indexes through leveraged funds, which create the potential for a 1.5 – 2 times greater daily return.


Actively-Managed Funds

Actively-Managed Funds

Nasdaq Nordic offers trading in Actively-Managed Funds as a complement to Exchange Traded Funds (ETFs) on Nasdaq Helsinki and Nasdaq Stockholm. One of the key differentiators of these funds is that an Actively-Managed ETF generally tries to create greater return through active management, compared to passively-managed ETFs which try to track a predefined index. Actively-Managed Funds on Nasdaq Nordic are traded in the same way as shares and ETFs. Actively-Managed Funds segment is set up for both exchange traded share classes of existing "traditional" funds as well as funds only offered for trading on the exchange. Trading is offered in real-time and the price of the fund is evaluated and provided by a dedicated market maker throughout the trading day.

FEATURES

  • Continuous trading hours for Actively-Managed Funds are between 9.30-17.25 CET (i.e. trading starts 30 minutes after trading in ETFs)
  • Fund company provides indicative Net Asset Value (iNAV) a minimum of three times per day to the relevant Nasdaq exchange and to the market maker. Any significant changes in the iNAV are also published
  • The iNAV values are displayed on the Nasdaq Nordic website and disseminated through the Market Data feed
  • The Market Maker uses the iNAV as a basis in providing bid and offer prices for the funds throughout the trading day

Certificates

Certificates

A certificate is a subordinated non-interest bearing debt instrument. The return on an investment in a certificate is reflecting the return of a specific underlying asset or basket of underlyings. Nasdaq Nordic together with the issuers, provides a wide range of different types of certificates. Current supply includes bonus certificates, booster certificates and discount certificates.

Spread Certificates

A Spread Certificate is issued by a bank. It is a combination of a short and a long position in two different underlying assets such as, i.e. a stock and a commodity. The spread certificates will increase in value when the value of each underlying position develops as expected and the spread between the stock price and the commodity price in above example increases. The maturity of the spread certificates varies between 6 months and 12 months and the return is symmetric.

Warrants & Mini Futures

Warrants & Mini Futures

Warrants can be an attractive way to trade with a limited amount of invested capital. You invest in the change of value for a share, an index or other assets without buying the actual underlying asset. This is possible due to the leverage inherent in warrants, where percentage movements in the price of the underlying are amplified. Exchange traded warrants are as easy to trade as shares. Warrants have been traded on Nasdaq Nordic since 1995 and market making in warrants ensure that their liquidity is very high.

AIF

Alternative Investment Funds

Nasdaq’s market for Alternative Investment Funds (AIFs) offers investors the opportunity to trade AIFs on a regulated market. By the term AIF is meant all investment funds that are not already covered by the European Directive on UCITS. This includes hedge funds, funds of hedge funds, venture capital and private equity funds and real estate funds. Products on the Nordic AIF market are currently available on Nasdaq Stockholm and Nasdaq Copenhagen. Danish Capital Associations are also examples of AIFs and are subject to special regulation by the Danish regulators. Capital Associations can list on Nasdaq Copenhagen.

FEATURES

  • The market for Alternative Investment Funds is open for trading 9.45-17.00 CET at Nasdaq Copenhagen and 09:30-17:25 at Nasdaq Stockholm.
  • The NAV values are displayed on the issuers websites, distributed by the issuer as company announcements/press releases and in specific cases also published on the Nasdaq microsite of the fund. 
  • Please contact us for a discussion on local market features and listing requirements.
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