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Nasdaq Copenhagen opens new trading phase at asset managers' request

The new initiative provides 10 additional minutes of trading following the book-closing auction. The introduction of the new trading phase has several benefits for investors, according to Nordea Asset Management.

President of Nasdaq Copenhagen and VP European Equity Sales, Nikolaj Kosakewitsch. | Photo: PR.

Nasdaq has introduced a new trading phase called Trading@ClosingPrice on Nasdaq Copenhagen and First North Denmark markets, according to a press release.

Trading@ClosingPrice is a 10-minute trading phase after the lit order book closing auction, where trading members may optionally continue to trade. Orders sent to this trading phase match continuously at the closing auction price in a regulated on-exchange environment, Nasdaq writes.

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