Nasdaq OMX Nordic has expanded its smart order router (SOR), enabling it to offer trading in all shares across all five Nordic countries.
The SOR will facilitate best execution using the European best bid and offer for all Nordic shares on one platform through a single connection, including shares at Oslo Børs and Oslo Axess.
Members will be able to access the new routing service through their existing connectivity and it is fully integrated in the INET Nordic trading system.
The launch comes amid intense competition between Oslo Børs and Nasdaq OMX Nordic to attract business in the Scandinavian market.
Since the beginning of the year, Oslo Børs has taken over Nordic-focused multilateral trading facility Burgundy, while Nasdaq OMX Nordic has rolled out numerous upgrades to its platforms.
The latest addition will enable access to Oslo Børs opening, closing and intraday auctions and the posting of orders on the exchange.
Commenting on the new SOR capabilities, Nasdaq OMX Nordic's senior vice president of European equities, Lauri Rosendahl, said: ""This is an important milestone in a trading environment where technology and connectivity are important for our customers. The new routing offering makes Nasdaq OMX a one stop shop for Nordic equities."