Nordic Business Report-May 16, 2006-OMX AB to launch Nordic alternative market First North in Sweden
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Finnish-Swedish stock exchange operator OMX AB said on Tuesday (16 May) that it was launching the Nordic alternative market First North in Sweden, offering smaller and growing companies easy access to the Nordic and global financial markets.
The requirements on First North are lighter than on OMX's regulated markets, the company said.
Trading on First North in Sweden is planned to start on 12 June 2006.
First North was launched in Denmark in 2005 and OMX is now expanding the concept in the Nordic region by developing the Swedish "Nya Marknaden" into First North.
The development of First North is in line with a European Union directive regarding so called Multi-lateral Trading Facilities (MTFs), OMX said.
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