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Nasdaq Nordic & Baltics

The OMX Nasdaq Nordic trading centre is the grouped name for the subsidiaries of Nasdaq Inc. that offer securities in the Nordic and Baltic regions. Following a rich history of mergers and acquisitions in the last two decades, OMX Nasdaq Nordic & Baltic offers Nasdaq Inc.’s leading exchange technologies for insights into more than 600 exchange segments. This review delves into the best Nasdaq Nordic brokers, trading hours, history, indices and listing rules, before providing a guide to getting started with day trading on the Nasdaq Nordic exchange, complete with popular strategies and top tips. We have also listed the top brokers with access to Nasdaq Nordic & Baltic trading services in the table below.

Nasdaq Nordic & Baltic Exchange Brokers

These are the 4 best brokers for trading on the Nasdaq Nordic & Baltics:

  1. eToro
  2. Skilling
  3. Interactive Brokers
  4. Admiral Markets

#1 - eToro

Why We Chose eToro

eToro is a top-rated multi-asset platform which offers trading services in thousands of CFDs, stocks and cryptoassets. Launched in 2007, the brand has millions of active traders globally and is authorized by tier one regulators, including the FCA and CySEC. The brand is particularly popular for its comprehensive social trading platform. Cryptoasset investing is highly volatile and unregulated in the UK and some EU countries. No consumer protection. Tax on profits may apply. 76% of retail accounts lose money.

"eToro's social trading platform leads the pack with a terrific user experience and active community chat that can help beginners find opportunities. There are also competitive fees on thousands of CFDs and real stocks, plus excellent rewards for experienced strategy providers."

- DayTrading Review Team
  • Instruments: CFDs, Forex, Stocks, ETFs, Cryptos, Futures, Commodities, Bonds
  • Regulator: FCA, ASIC, CySEC, FSA, FSRA, MFSA
  • Platforms: eToro Web, CopyTrader, TradingCentral
  • Minimum Deposit: $50
  • Minimum Trade: $10

Stock Exchanges

eToro offers trading on 24 stock exchanges:

  • Australian Securities Exchange (ASX)
  • Borsa Italiana
  • CAC 40 Index France
  • DAX GER 40 Index
  • Deutsche Boerse
  • Dow Jones
  • Euronext
  • FTSE UK Index
  • Hang Seng
  • Hong Kong Stock Exchange
  • IBEX 35
  • Japan Exchange Group
  • Korean Stock Exchange
  • London Stock Exchange
  • Nasdaq
  • Nasdaq Nordic & Baltics
  • National Stock Exchange Of India
  • New York Stock Exchange
  • Russell 2000
  • S&P 500
  • SIX Swiss Exchange
  • Shanghai Stock Exchange
  • Taiwan Stock Exchange
  • Tokyo Commodity Exchange

Pros

  • There's a comprehensive online training academy with accessible resources, from bitesize articles to comprehensive courses
  • The broker's services are great for beginners, with commission-free stock trading, a low minimum deposit and an unlimited demo
  • Exciting investment portfolios are available covering traditional market trends as well as tech, crypto and more

Cons

  • Traders will face currency conversion fees for account denominations other than USD
  • There are limited contact methods aside from the in-platform live chat
  • There is a $30 minimum withdrawal amount and a $5 fee, which will affect novices with low capital
Visit eToro

#2 - Skilling

Why We Chose Skilling

Skilling is a multi-asset broker founded in 2016 and based in Cyprus. The brand offers hundreds of day trading instruments with competitive spreads from 0.1 pips and beginner-friendly platforms. Skilling are also regulated in Europe and beyond with a transparent pricing structure. You can sign up and start trading in three easy steps.

"Skilling maintains its position as a top pick for beginners looking for a competitive zero commission account with direct access to a copy trading feature. It will also serve experienced strategy providers looking to earn commissions, or anyone looking to trade forex during extended hours."

- DayTrading Review Team
  • Instruments: Forex, CFDs, Stocks, Indices, Commodities and Cryptos
  • Regulator: CySEC
  • Platforms: Skilling Trader, MT4, cTrader, TradingView
  • Minimum Trade: 0.01 Lots

Stock Exchanges

Skilling offers trading on 17 stock exchanges:

  • Australian Securities Exchange (ASX)
  • Borsa Italiana
  • CAC 40 Index France
  • DAX GER 40 Index
  • Dow Jones
  • Euronext
  • FTSE UK Index
  • Hang Seng
  • IBEX 35
  • Japan Exchange Group
  • London Stock Exchange
  • Nasdaq
  • Nasdaq Nordic & Baltics
  • National Stock Exchange Of India
  • New York Stock Exchange
  • S&P 500
  • SIX Swiss Exchange

Pros

  • Skilling continues to strengthen its investment offering recently introducing weekend forex trading on 7 currency pairs
  • The €100 deposit and zero commissions in the Standard account are accessible for beginners
  • The broker has a solid global reputation and is regulated by top-tier authorities including the CySEC

Cons

  • Skilling trails alternatives like IG when it comes to research tools that can help day traders make informed decisions
  • You can only access shares in the Skilling Trader platform and fewer instruments are available overall in the MT4 accounts
Visit Skilling

#3 - Interactive Brokers

Why We Chose Interactive Brokers

Interactive Brokers (IBKR) is a premier brokerage for experienced traders, providing access to 150 markets in 33 countries, along with a suite of comprehensive investment services. With over 40 years of experience, this Nasdaq-listed firm adheres to stringent regulations by the SEC, FCA, CIRO, and SFC, amongst others, and is one of the most trusted brokers for trading around the globe.

"Interactive Brokers is one of the best brokers for advanced day traders, providing powerful charting platforms, real-time data, and customizable layouts, notably through the new IBKR Desktop application. Its superb pricing and advanced order options also make it highly attractive for day traders, while its diverse range of equities is still among the best in the industry."

- DayTrading Review Team
  • Instruments: Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies
  • Regulator: FCA, SEC, FINRA, CFTC, CBI, CIRO, SFC, MAS, MNB
  • Platforms: Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, eSignal, TradingCentral
  • Minimum Deposit: $0
  • Minimum Trade: $100
  • Leverage: 1:50

Stock Exchanges

Interactive Brokers offers trading on 15 stock exchanges:

  • Borsa Italiana
  • CAC 40 Index France
  • Chicago Mercantile Exchange
  • Euronext
  • IBEX 35
  • Japan Exchange Group
  • Korean Stock Exchange
  • London Metal Exchange
  • London Stock Exchange
  • Nasdaq
  • Nasdaq Nordic & Baltics
  • New York Stock Exchange
  • Russell 2000
  • Shenzhen Stock Exchange
  • Toronto Stock Exchange

Pros

  • There's a vast library of free or paid third-party research subscriptions catering to all types of traders, plus you can enjoy commission reimbursements from IBKR if you subscribe to Toggle AI.
  • IBKR is one of the most respected and trusted brokerages and is regulated by top-tier authorities, so you can have confidence in the integrity and security of your trading account.
  • The TWS platform has clearly been built for intermediate and advanced traders and comes with over 100 order types and a reliable real-time market data feed that rarely goes offline.

Cons

  • TWS’s learning curve is steep, and beginners may find it challenging to navigate the platform and understand all the features. Plus500's web platform is much better suited to new traders.
  • Support can be slow and frustrating based on tests, so you might find it challenging to reach customer service representatives promptly or encounter delays in resolving issues.
  • IBKR provides a wide range of research tools, but their distribution across trading platforms and the web-based 'Account Management' page lacks consistency, leading to a confusing user experience.
Visit Interactive Brokers

#4 - Admiral Markets

Why We Chose Admiral Markets

Admirals is an FCA- and ASIC-regulated broker with an excellent range of leveraged instruments, including forex, stocks, indices, ETFs, commodities, cryptos and more. The broker supports the MetaTrader 4, MetaTrader 5 and TradingCentral platforms. With both spread betting and CFDs available and thousands of instruments, this broker provides more flexibility than most rivals.

"Admirals is a good pick for novice-to-intermediate traders that want a trustworthy, regulated broker with access to a wide range of markets with tight spreads and no commission."

- DayTrading Review Team
  • Instruments: Forex, CFDs, indices, shares, commodities, cryptocurrencies, ETFs, bonds, spread betting
  • Regulator: FCA, CySEC, ASIC, JSC
  • Platforms: MT4, MT5, TradingCentral
  • Minimum Deposit: $100
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:30 (EU), 1:500 (Global)

Stock Exchanges

Admiral Markets offers trading on 14 stock exchanges:

  • Australian Securities Exchange (ASX)
  • Bombay Stock Exchange
  • CAC 40 Index France
  • DAX GER 40 Index
  • Dow Jones
  • Euronext
  • FTSE UK Index
  • Hang Seng
  • Hong Kong Stock Exchange
  • IBEX 35
  • Nasdaq
  • Nasdaq Nordic & Baltics
  • SIX Swiss Exchange
  • Shanghai Stock Exchange

Pros

  • Demo account to test the broker before real-money trading
  • Low minimum deposit from $100
  • Copy trading service with easy account controls

Cons

  • The demo account expires after 30 days
  • US traders not accepted
  • Monthly inactivity fee
Visit Admiral Markets

How To Compare Nasdaq Nordic Brokers

Before you can start investing on the exchange, you will need to compare Nasdaq Nordic brokers. You can choose from many firms and the best Nasdaq Nordic brokers for you will come down to your personal preferences. We have listed some of the most important features below.

What Are The Nasdaq Nordic & Baltics?

The Nasdaq Nordic and Baltics exchange, otherwise known as Nasdaq OMX Nordic Exchanges, are part of the world’s largest exchange group: Nasdaq Inc. OMX Nordic is also one of the biggest exchanges in Europe, offering stocks sold by companies in Sweden, Norway, Finland, Denmark, Estonia, Latvia and Lithuania. It also provides financial services and operates marketplaces for securities in those countries.

Nasdaq Nordic brokers offer investment opportunities on listed companies such as Carlsberg, Nordic Waterproofing Holding, Nokia, Orsted, Ericsson and Volvo. Each country has a dedicated board of directors and a full members list along with their addresses can be found on their website.

Additionally, the Nordic Exchanges trade shares, indices, bonds, options, futures, ETF/ETP and funds. The Nasdaq OMX website also offers market news on relevant companies in the region, upcoming events, member lists and statistic reports. It includes full Nasdaq Nordic listings of small-cap, mid-cap and large-cap companies.

Additionally, the Nasdaq Nordic exchange provides yearly annual reports and surveillance reports on the Nordic markets. Surveillance’s annual reports contain statistical material on listings and enforcement matters. You can see reports like the OUCH Order entry as well as access a full data policy and a non-display policy.

Nasdaq OMX Nordic consists of the following exchanges:

Nasdaq Baltic consists of:

Brief History

The Nasdaq Nordic trading centre originated as a futures exchange founded by Olof Stenhammar in the 1980s in Sweden. It was originally named OM AB and offered standardized options contracts. Shortly after, in 1998, it acquired the Stockholm Stock Exchange. In 2003, OM merged with the Helsinki Stock Exchange and the name changed to OMX in 2004. Further acquisitions include the Copenhagen stock exchange in 2003 and the Iceland stock exchange in 2006, which brought the value of the company to SEK 250 million. Additionally, OMX took a 10% stake in the parent company of the Oslo Stock exchange. These acquisitions brought the implementation of a joint platform on all Nordic exchanges. Eventually, in 2007, OMX also acquired the Armenian Stock exchange.

From 2005, OMX began to expand its offerings after the acquisition of the Markets Technology division of Computershare, which made it one of the largest trading system technology providers. In the same year, they also created the Nasdaq Nordic Foundation which offers grants to support scientific research in Nordic financial markets. OMX created a pan-regional benchmark index known as the OMX Nordic 40, which is now the Nasdaq OMX Nordic 40 index.

In 2006, OMX Nordic introduced the common presentation of Nordic listed companies and listing rules. However, in 2007, Nasdaq bought the OMX company for USD 3.7 billion, which renamed it to the Nasdaq OMX group in 2008. In 2010, Nasdaq OMX launched the INET platform across the seven Nordic and Baltic equity markets. In 2019, the company launched the Nasdaq Nordic Fund market in Finland and Norway.

Nasdaq Nordic Indices

Nasdaq OMX 40 index

The Nasdaq OMX 40 index is a stock market index for the pan-regional Nasdaq Nordic exchanges. It is based on a capitalization-weighted system and was created in 2006. The index consists of 40 of the most traded stock classes of shares from the four stock markets in Copenhagen, Helsinki, Reykjavik and Stockholm.

Nasdaq OMX Baltic 10

The Nasdaq OMX Baltic index features 10 of the most actively traded stocks on the Nasdaq Baltic market. The small number and excellent liquidity of stocks make this index well-suited to derivative financial instruments. The stocks are weighted based on their free-float capitalization and are reviewed twice a year.

Nasdaq Nordic 120

The Nasdaq OMX Nordic 120 gross index comprises of the 120 largest and 150 most traded shares across NASDAQ OMX Copenhagen, NASDAQ OMX Helsinki, NASDAQ OMX Stockholm and Oslo Exchange. This is the most common index that you may come across through brokers that support trading on the Nasdaq Nordic exchange. It is a free-float market capitalization weighted index with stocks capped according to UCITS IV. The Nasdaq OMX Nordic 120 gross index is reviewed on a semi-annual basis.

Nasdaq Nordic Listing Rules & Requirements

The Nasdaq Nordic exchange is governed by the issuer rules, the member rules and the warrant rulebook. However, Nasdaq Nordic investment rules were replaced in February 2021 by a harmonized Nordic Main Market Rulebook and Nasdaq’s surveillance periodical reports. In this way, it upholds confidence by creating a level of transparency around the Nasdaq Nordic listing rules and requirements. Users can also access a market model document, which provides clarity for investing members and information on fixed-income markets.

Admission

New listings on Nasdaq Nordic exchanges occur regularly, but what goes into choosing which companies you can trade through Nasdaq Nordic brokers? The admission protocols abide by the Nordic Main Market and SPAC rulebooks. There are a few requirements companies need to meet and continue to abide by on an ongoing basis. These specifications include:

Changes

When it comes to the delisting of a share from the Nasdaq Nordic exchange, there are a few rules that come into play. If the share no longer fulfills the requirements mentioned in the rulebook or contradicts legislation or regulations on the operation of the exchange, its market status is reconsidered. However, the listing cannot be terminated if it would result in great harm to investors trading via Nasdaq Nordic brokers or impact the proper function of financial markets.

The process of delisting a company includes a hearing, in which the issuer is handed notices and has the opportunity to be heard before the decision is made. Furthermore, an appeal process is also available for the issuer to re-examine their market status.

Biggest Players

The Nasdaq Nordic offers a list of large-cap companies. Below are some examples of current dominants, with their market capitalizations and tickers shown.

  1. Nokia Oyj (NOKIA): EUR 29.55 billion
  2. Ericsson A (ERIC A): EUR 32.8 billion
  3. Zealand Pharma (ZEAL): EUR 1.09 billion
  4. AstraZeneca (AZN): SEK 1,515.46 billion
  5. Danske Bank (DANSKE): DKK 95.03 billion

Nasdaq Nordic and Baltics has a total of 220 large-cap listed companies, which are firms with a share value of over EUR 1 billion. Many Nasdaq Nordic brokers will offer key financial metrics of these large-cap companies so you can monitor and trade within your portfolio.

Nasdaq OMX Nordic Trading Hours

Nasdaq Nordic market opening hours differ across all markets and countries. This will be reflected in your broker’s trading calendar. Below are the opening times for Copenhagen, Stockholm and Helsinki:

Copenhagen Opening Hours

Stockholm Opening Hours

Helsinki Trading Hours

Why Trade The Nasdaq Nordic & Baltics?

There are many reasons to explore brokers that offer access to the Nasdaq Nordic exchange. The exchanges provide a comprehensive, efficient and secure marketplace that is regulated to top standards where investors can transact and settle financial products seamlessly between all countries. On top of that, the single marketplace operates with “one shared global technology, one market model, joint membership, common information distribution”, according to Nasdaq. This makes trading in Nordic and Baltic regions accessible for both local and international investors. Other reasons include:

Nasdaq Nordics & Baltics Day Trading Tips

Strategy

Whether you’re looking for Nasdaq Nordic trading with options, futures, Bitcoin or stocks, having an effective strategy is paramount for a successful investing career. Today, traders have access to myriad charts, historical data, dividend history, graphs and market data to perform technical analysis. You can also access the Nasdaq TotalView-ITCH specification for full order book depth and equity levels 1 and 2.

Using different charts will allow you to see trends from historical price data or patterns that can help you make better predictions. Technical analysis can be difficult to master, but practice and experience are important for refining your craft. Many Nasdaq Nordic brokers will offer access to a demo profile meaning you can learn how to review data and technical analysis to apply to a live trading environment

See our strategies page for more information.

Timing

You can trade stocks via brokers with access to the Nasdaq Nordic exchange at any time during the market opening hours but that doesn’t mean it will be effective. You likely want to trade when the market has high liquidity and volatility, which is when it is at its busiest. Additionally, preparation during pre-market hours is crucial for success in the main session. This allows you to conduct any research and read up on company news, press releases or the latest market updates.

News

A key factor in the influence of price movements is news announcements. As a day trader, you need to be able to react accordingly to gain an edge or exit the market before it is too late. Additionally, you may want to refer to your brokers’ economic calendar as key releases can have a significant impact on stocks.

Nasdaq lets you download a dedicated API to access relevant data on demand. Their Nordic Equity Last Sale (NLS) provides real-time, intra-day, on-exchange trade data. There are many news sources you can follow when it comes to investing on the Nasdaq Nordic exchange, including Bloomberg, Reuters, Yahoo Finance, CNBC, Economist and FT.

Ensuring you stay abreast of the real-time news can make all the difference to successful Nasdaq Nordics & Baltic trading.

Educational Resources

Whether you’re a new trader or a seasoned expert on stock trading, it is always important to brush up on your knowledge and skills. Nowadays, there are so many ways to keep learning, including:

Automation

Once you’ve perfected your Nasdaq Nordic investment strategy, you can explore options for automated trading. Day trading requires a high volume of trades throughout the day and a significant level of concentration and labor. Thus, algorithms and robots can make setting up trades much more easily. By following pre-determined criteria, it can help save you time and potentially increase profits while you focus on other matters at hand.

Final Word On Nasdaq Nordic Brokers

Investing on the Nasdaq Nordics & Baltic exchange continues to be a powerful outlet for stock speculation. Its long-held reputation makes it no surprise that day traders choose to invest their time in this exchange. However, to stay competitive and continue to trade successfully, it is important to have an effective strategy and continue learning. If you want to get started with Nasdaq Nordic investing, follow the guide above, thoroughly compare Nasdaq Nordic brokers, and check out our list of the best brokers for Nasdaq Nordics & Baltic Exchange trading.

FAQs

What Products Do Nasdaq Nordics & Baltics Offer?

You can trade shares, indices, bonds, options & futures, ETF/ETP and funds on the Nasdaq Nordic website. On Nasdaq Baltic, you can only trade shares, bonds, funds and indices. Nasdaq Nordic trading centre even offers green bonds under the sustainable bond and debt markets. Sustainable markets can be found on the Nasdaq ESG data portal. The best Nasdaq Nordic brokers will provide opportunities across all asset classes.

What Are Nasdaq Nordic Power Products?

The Nordic power market features one of the most liquid power derivative markets in the world. This has been developed over the past 20 years to reduce risks, increase transparency and protect investors. Power products include commodities like European power, Natural Gas, Freight & Fuel Oil, Renewables, Steel, Carbon, Electricity Futures and Seafood. They also offer baseload futures on Nasdaq Commodities.

Why Are Nasdaq Nordic Brokers Trading Calendars Useful?

Traders can access past and upcoming Nasdaq OMX Nordic & Baltics trading calendars from 2019, 2020, 2021, 2022 and beyond. These include Nasdaq OMX Nordic exchange holidays and opening days for markets like equity and derivatives. Nasdaq Nordic also offers a power calendar with power holidays. Look our these reflected on your Nasdaq Nordic brokers’ website.

What Is Nasdaq Nordic First North?

The Nasdaq Nordic First North is the Nordic alternative growth market. Users can access Nordic reference data files for reference data information on First North, such as Nordic Fixed Income or Derivatives Rules. The file format is also based on the Nasdaq Nordic genium INET market model.

How Do I Start Nasdaq Nordic Trading Via Online Brokers?

You will need to compare Nasdaq Nordic brokers and select one that suits your investment needs and goals. After this, you will need an effective strategy. Make sure to conduct research before choosing an asset to day trade and take into account the market’s working hours.