The largest bank in the nordic region, Nordea is the latest member to join the pan-European Exchange specialised in retail trading.
Stockholm, April 11th, 2024: Equiduct, the retail-focused pan-European exchange, announced today that Nordea is the newest member to join its commission-free Best Execution service, Apex.
Nordea is the largest bank in the Nordic financial eco-system. Nordea is also renowned for its market leading trading business with a true Nordic reach, servicing retail investors locally in Finland, Sweden, Norway and Denmark.
By joining Equiduct, Nordea and its retail investors, now have access to additional liquidity for over 3,000 stocks and ETFs across 12 European markets as well as its innovative cost-effective real-time consolidated market data. Retail investors using Nordea join over 7 million retail end clients that already benefit from the best-in class execution and market-data services provided by Equiduct.
Equiduct is fully committed to working alongside the Nordic retail brokerage community to ensure that an ever-growing number of individual investors receive the best possible execution for their orders in European equities and ETFs.
Wail Azizi, Chief Strategy Officer at Equiduct said: “We’re delighted to extend a warm welcome to Nordea to our exchange. This marks another milestone in our growth journey in the Nordic region. Collaborating with Nordea, a bank renowned for its top-tier equities business across the Nordic countries, aligns perfectly with our mission to foster positive change in pan-European trading.”
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For further information, please contact:
Axel Josephson Country Head Sweden at Equiduct
Tel: +46 (0)70 8852602
axel.josephson@equiduct.com
Notes to editors
About Equiduct
Equiduct is an innovative, client driven pan-European exchange enabling retail brokers and institutional clients to achieve Best Execution in the most liquid and fragmented stocks and ETFs across 11 markets covering 16 European headline indices. Equiduct is a market segment of Börse Berlin, a regulated market operator under Article 44 of MiFID II. Börse Berlin is regulated by the Competent Authority Senatsverwaltung für Wirtschaft, Energie und Betriebe – Börsenaufsichtsbehörde and participation in trading is governed by German and European law. In 2023 it reported a turnover of €79bn and an overall ADV (average daily volume) of €310m.
About Nordea
Nordea is a universal bank with a 200-year history of supporting and growing the Nordic economies. Nordea´s values are deeply rooted in these open, progressive, and collaborative societies. Nordea is the largest bank in the Nordics and have a strong market position within our four business areas: Personal Banking, Business Banking, Large Corporates & Institutions and Asset & Wealth Management. Mindful of our responsibility towards current and future generations, we have made sustainability an integrated part of our business strategy. We enable sustainable choices for our customers, engage in active ownership and drive change through our lending and investment decisions.