Capital Markets
In Capital Markets activities are broadly divided into two parts: Institutional Sales and Proprietary Trading. Institutional Sales executes orders for institutional clients as well as placing equity and bond offerings. Proprietary Trading trades for the Bank’s own account in bonds and equities on the international securities markets, and is also an active market maker. The Bank’s Research department, an independent operating unit, co-operates closely with Capital Markets. The Bank offers its clients first-class service in securities trading on international securities markets, with local know-how and expertise maximised with Group strengths.
Kaupthing Bank is a true Nordic bank with membership agreements with all the Nordic stock exchanges in 2004. These exchanges are all parties to the NOREX alliance and use the same trading system and harmonised trading rules. The Bank also has membership of the Tallinn Stock Exchange through its Helsinki office and is a member of the National Association of Securities Dealers (NASD) in the U SA, enabling the Bank to trade directly on the Nasdaq. Kaupthing Bank is also a listing agent authorised by the Luxembourg Stock Exchange to list securities, such as bonds, shares and other instruments.
The Bank has a substantial market share in the Nordic area with 3.14% of the equities turnover on the Nordic stock exchanges in the first quarter 2005. In Stockholm and Helsinki, the two largest Nordic markets, the Bank’s market share in 2004 was approximately 4% and slightly less than 7% respectively. On ICEX the Bank maintained its strong position with a market share of approximately 33% in equities trading and around 29% in bonds.
Last updated/revised: 1 August 2005