grow together with Oslo Børs Stockholm, 16 October 2012 Bente A Landsnes

Transcription

1 Burgundy will continue to grow together with Oslo Børs 1 Stockholm, 16 October 2012 Bente A Landsnes

2 Strategic rationale for Burgundy and Oslo Børs Create a long term competitive solution for Burgundy markets Join forces to increase the market share in the Nordic Market Increase the distribution of Burgundy and Oslo Børs products Introduce new products through the Burgundy market Implement the fastest trading system in the world Millennium Exchange Reduce infrastructure and operational costs Combine Burgundy and Oslo Børs brands 2

3 How? Economies of scale with Oslo Børs Burgundy s strong position in the Nordics Access to London Stock Exchange s trading system Millennium Access to Oslo Børs distribution network and product capability 3

4 Strategic targets Increase market shares in the Nordic market Introduce new products such as ETF s, ETN s, derivatives and warrants Increase the product range for Oslo Børs with emphasis on energy, shipping and seafood companies 4

5 To sum up Create a strong Nordic player Combine and expand product range Increase the overall distribution of Oslo Børs and Burgundy products Take out substantial synergies 5

6 The Oslo Børs VPS group Established in 2007 after the merger between VPS and Oslo Børs - Efficient and innovative development of the Norwegian financial infrastructure - Give clients access to an efficient and effective capital market. A markets that is competitive in international terms Oslo Børs VPS contributes to create value for society at large by simplifying and developing the financial infrastructure Oslo Børs VPS Holding ASA is the parent company of the group - The parent company s shares are freely transferable and are traded on the Norwegian OTC list - Market cap. per June 2012: NOK 2,3 billion 6

7 The Norwegian securities market s infrastructure Oslo Børs VPS Oslo Børs Oslo Clearing VPS Oslo Market Solutions Listing Trade Central Counterparty Settlement Register Internet solutions 7

8 20 largest shareholders of Oslo Børs VPS 8

9 Oslo Børs in brief Established in Foreign exchange and goods - Securities since 1881 (shares and bonds) - Derivatives since 1990 Electronic trade from 1988 Privatised in 2001, merged with VPS in 2007 Strategic partnerships with London Stock Exchange, Singapore Exchange and Toronto Stock Exchange - Focus on international co-operation and strong sectors of Oslo Børs 9

10 Oslo Børs market places Equities Equities Equity certificates ETFs and ETNs Derivatives and warrants Fixed income Fixed income Market data 10

11 A leading exchange due to natural resources Energy Shipping Seafood 2 in Europe (number of issuers) 1 in Europe (number of issuers) 1 globally (number of issuers and market cap.) 2 globally in oil service (number of issuers and 11 market cap.) 2 globally (number of issuers)

12 226 listed companies from 20 countries Canada Netherlands Norway Færoe Islands Sweden Great Britain Denmark USA Cayman Islands BVI Bermuda Poland Luxembourg Cyprus Panama Israel Hong Kong Liberia Singapore Peru

13 Local and international distribution 54 members, 33 are remote members Norway 19 members Sweden 4members England 18 members Ireland 2 members France 3 members Finland 1 member Denmark 2 members Germany 1 member Netherlands 3 members Switzerland 1 member 13

14 20 largest members (volume) Member % 1 Merrill Lynch International 9,40 2 Skandinaviska Enskilda Banken 7,87 3 DNB Bank, DNB Markets 5,96 4 Pareto Securities AS 5,82 5 Credit Suisse Sec. 5,52 6 Nordea Bank Norge ASA, Nordea 5,28 7 Svenska Handelsbanken AB 4,93 8 Morgan Stanley & Co Internati. 4,71 9 Swedbank Norge NUF 4,53 10 Nordnet Bank AB 4,04 Member % 11 Deutche Bank AG 3,46 12 Nomura International PLC 3,28 13 Arctic Securities 2,99 14 Sparebanken 1 Markets AS 2,87 15 Citadel Derivatives Group 2,78 16 UBS Limited 2,44 17 Netfonds Bank ASA 2,37 18 ABG Sundal Collier Norge ASA 2,34 19 Carnegie AS 2,29 20 Société Générale SA 1,87 14

15 Share ownership in listed companies 50,0 45,0 40,0 35,0 38,3 35,5 30,0 25,0 20,0 15,0 14,3 10,0 5,0 0, ,1 3,7 15 Stat & kommune Banker, kred.- & fin.foretak Skadeforsikring Private foretak Utlendinger Statsforetak Private pensjonskasser/livsforsikring Aksjefond Privatpersoner Ukjent

16 Turnover (daily average) ytd Daily number of trades Daily Turnover( NOK Mill)

17 Competition: Shares are traded on multiple market places CHI-X, 11 % Markit BOAT, 26 % Nasdaq OMX Nordic, 5 % Oslo, 42 % LSE Group, 12 % Turquoise, 2 % Other, 2 % Market shares incl. OTC trades, ytd

18 Sweden and Norway some facts 35,000 Swedes live officially in Norway 35,000 Norwegians live in Sweden (SSB) In million Norwegians passed the Swedish boarder 7 million times. Norwegians bought goods for NOK 11 billion in Sweden in 2011 (SEK 12.9 billion) Norway exported goods and services for NOK 20 billion to Sweden in 1H 2012 Norway imported goods and services for NOK 35 billion from Sweden in 1H

19 In brief 19

20 Burgundy faster start than other MTF s Started trading: 12 June, 2009 Burgundy legal status: Exchange Burgundy runs a MTF and a Regulated Market Trading in Nordic listed Equities (MTF) Nasdaq OMX marketplaces, Oslo Børs, NGM, Aktietorget, First North, Oslo Axess. Listing service Warrants, certificates, structured products Trading Participants: 34 Clearing via EMCF, SIX x-clear and EuroCCP * as of August

21 Historical turnover & no. of trades at Burgundy Turnover, Prediction Turnover Trades Note: Turnover is double counted Prediction Trades 21

22 Burgundys market share* - last 12 months 12,00% Burgundys Market Share vs Nasdaqomx 10,00% 8,00% 6,00% 4,00% Market Share 2,00% 0,00% *Compared to the Swedish primary market. 22

23 Burgundy market quality Tightest spreads! April,

24 Current status ETFs on Burgundy Burgundy has achieved significant market share in ETFs Often best price on Burgundy! 24

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26 Key figures equities, per 31 Sept 2012 Oslo Børs Oslo Axess Total Number of issuers Number of foreign companies New listing year to date * Market cap. all issuers bln. 27 bln bln. Average daily trade 4,3 bln. 37 mill. 4,3 bln. Average number of trades (daily) Issues year to date 11,9 bln. 698 mill. 12,6 bln. * Transfers from Oslo Axess to Oslo Børs 26

27 Key figures fixed income, per 31 Sept 2012 Oslo Børs Oslo ABM Total Number of loans Numbers of issuers Outstanding nominal value 967,2 bln. 343,7 bln 1310,9 bln. Average daily turnover (excl. repo) 5,10 bln. 728 mill. 5,83 bln. Average daily turnover (incl. repo) 9,70 bln. 728 mill. 10,43 bln. Issues year to date (incl. taps) 338,2 bln. 75,5 bln 413,7 bln. 27

28 Key figures other instruments, per 31 Sept 2012 Standarised derivatives Warrants Number of listed (underlying) 20 shares + OBX 17 shares + OBX Average daily turnover year to date 799 Average daily number of contracts year to date Total turnover year to date 134,9 mill. ETFs ETNs Number of issued Average daily turnover year to date 232,0 mill. 14,39 mill. Average daily number of trades year to date Total turnover year to date 39,2 bln. 2,43 bln. 28

29 OSEBX vs the oil price last ten years oljeprisen hovedindeksen Kilde: The Online Trader

30 Energy is dominating Oslo Børs 30

31 Why is Oslo Børs unique? Strong sectors - Oil and energy - Shipping - Fish and seafood Strong international presence - Wide international distribution - Large portion of daily trade from foreigners - Many new listing from abroad 31