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Czech, Hungarian and Polish blue chips go get traded on Nasdaq

Thursday, September 10, 2009 01:48:00 PM

NASDAQ OMX Europe (NEURO) has announced its intention to offer trading in blue chip securities listed on Budapest Stock Exchange, Warsaw Stock Exchange and Prague Stock Exchange. This can be an interesting development for OTP, MOL, Magyar Telekom and Richter shares in Hungary.

This expansion will be supported by EMCF who will provide Central Counterparty (CCP) clearing services for NEURO in these new markets, NEURO said in a statement on Thursday.

“This extension is a natural evolution in our pan-European strategy and together with EMCF we will ensure that our customers are able to access the markets they require through one single connection to NEURO," commented Charlotte Crosswell, President of NASDAQ OMX Europe.

This expansion into Eastern Europe is expected to take place in the first quarter of 2010 and is subject to regulatory approval.

NEURO is a system offering favourable rates and as such it could become a rival for a unified regional trading platform, Xetra, planned to be introduced by the Wiener Börse (Vienna Stock Exchange).