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Nordic Fixed Income

Nasdaq Nordic Fixed Income offers a range of listing, clearing and trading solutions that facilitate liquid markets and enable a well-functioning financial eco system in the region. Explore our range of services below.

Nordic Fixings

Swedish Fixing 

STIBOR is the rate that banks are charged when borrowing money from other banks. The rates are compiled and published daily at 11:00 am. The Nasdaq Swap Fixing, which is compiled by Nasdaq Stockholm on a daily basis, is published at 11:10 am.

Danish Fixing

Nasdaq collects, calculates and publishes the reference rate CIBOR, CITA and DKK SWAP. CIBOR and CITA is published at 11:00 am. and SWAP at 11:30 am. T/N reference rates are published at 12:00 am.

Fixed Income Derivatives

Nordic Fixed Income Derivatives are traded and cleared in a unique market structure. Trades in fixed income derivatives are reached through bilateral negotiations between buyers and sellers, and reported to Nasdaq Derivatives Markets for central counterparty clearing. Nasdaq Derivatives Markets becomes the counterparty to both the buyer and seller, i.e. central counterparty (CCP) clearing. This structure combines the advantages of a cleared market, with the flexibility and the secured liquidity of a market maker driven market.

Sustainable Bonds

Nasdaq is a founding partner of the UN initiative Sustainable Stock Exchanges (SSE) and committed to promoting sustainability in the financial markets. On the fixed income markets, we support sustainability in finance through the promotion of sustainable bonds. Follow the links below to learn more about green, social and sustainable bonds and how to list them.


Fixed Income in Sweden

The majority of trading in Swedish fixed income products is done between banks (primary dealers) and institutional investors. The cash market includes corporate bonds & certificates, sustainable bonds, structured products, government bonds, retail bonds, municipality bonds and mortgage bonds.

Fixed Income in Denmark

Large Turnover – High Transparency 

The bond market in Copenhagen is among the top five in Europe measured by turnover.


Fixed Income in Iceland

Nasdaq has operated a regulated market for bonds and bills in Iceland since 1986.

Fixed Income in Finland

There are five different segments on the Helsinki Fixed Income Market, two of which are traded electronically: 

  • Structured Retail Products – An electronic trading segment targeting retail investors 
  • Structured Products Units– An electronic trading segment for structured products traded in units 
  • Government Bonds – The listing venue for Finnish government bonds 
  • Corporate Bonds – The listing venue for corporate bonds

Membership

All participation on the Nasdaq Nordic markets is performed through its members. Obtain a membership for Nasdaq Nordic Fixed Income.


Connectivity & Access

Genium INET is designed to be one of the fastest and most functionally complete multi-asset trading and clearing systems and supports multiple markets simultaneously on a single platform.


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