OMX’s existing company Nya Marknaden will be incorporated into First North, and offer a range of new services such as listing and trading in Swedish kroner, Danish kroner, and Euro denominated shares. Companies will be able to disclose information in English, Swedish, Danish or Norwegian.
There will be an All Share index available on First North in Swedish Kroner. Companies will be classified according to the international Global Industry Classification Standard (GICS), already in place at OMX’s exchanges. The industry classification facilitates international benchmarking of the companies by providing clearly defined and larger peer groups.
Trading will be conducted in the same trading system as OMX’s regulated markets, but First North’s listing requirements will be less strict.
In due course, the marketplace will also be launched in Finland with the aim of creating a fully pan-Nordic First North.
