Norway’s wealth fund wants more from brokers at end of the day

Norway’s USD 950 billion sovereign wealth fund, the world’s largest, wants brokers and exchanges to continue to develop how they manage closing auctions.

Photo: Helle Arensbak/UDL

“Further development work by brokers is required, both in the forecasting of auction volume and in the order submission and signaling strategies,” Norges Bank Investment Management said in an asset manager perspective paper on Tuesday.

“We see the broker offerings for closing auction order management as very much an emergent field, and welcome innovation and development in this area in the coming years.”

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