SOURCE: Glitnir

August 14, 2007 09:04 ET

Glitnir maintains strong position in the Nordic Capital Market

REYKJAVIK, ICELAND--(Marketwire - August 14, 2007) -

Reykjavik/Oslo/Stockholm/Helsinki/Copenhagen - 14 August 2007 - Glitnir maintains a strong position in the Nordic Capital market, with an increase in the market share in the aggregated Nordic market from 6.37% in June to 6.61% in July. Glitnir was thus the second largest broker in the market in July*.

"We are keeping up the momentum. Average daily share trading on the Nordic Exchange was up 67% compared to July last year, and we continue to increase our market share", says Lárus Welding, CEO, Glitnir.

Glitnir marketshare June   July   YTD
Nordics              6,37%  6,61%  6,22%
OMX                  6,44%  6,77%  6,33%
Stockholm            7,00%  7,49%  6,31%
Helsinki             5,42%  4,72%  5,94%
Oslo                 6,10%  6,00%  5,83%
Reykjavik           23,06% 14,12% 21,67%
Copenhagen           3,27%  3,90%  3,32%

                      OMX                            Oslo   Nordics
Broker                July    YTD      July         YTD  July   YTD
Enskilda Banken AB   5,85%  7,04%     7,06%       8,60% 6,10% 7,38%
Morgan Stanley & Co.
International Ltd.   6,90%  6,35%     7,72%       6,92% 7,07% 6,47%
Glitnir/FIM          6,77%  6,33%     6,00%       5,83% 6,61% 6,22%
Carnegie Investment
Bank AB              2,66%  4,10%     8,95%       8,25% 3,97% 5,01%
Merrill Lynch
International        4,67%  4,22%     5,99%       4,29% 4,94% 4,24%

Almar Gudmundsson, Head of Nordic Research in Glitnir attributes the growth to Glitnir's research teams' efforts and the material they produce. "We've seen increased volatility in the markets over the past weeks. The value of our top class research material can best be seen in circumstances like that. We are steadily growing our research teams to support our position as a top player in the Nordic equity markets", he says.

About Glitnir

The financial group Glitnir offers universal banking and financial services. Glitnir is a leading niche player in three global industry segments; seafood/food, sustainable energy, and offshore services vessels. Services include retail, corporate and investment banking, stock trade/brokerage and capital management. Glitnir considers Iceland and Norway its home markets. The Glitnir group has operations in Iceland, Norway, Sweden, Denmark, Finland, the UK, Luxembourg, Russia, Canada and China and plans to open a US office in New York in the fall of 2007. Glitnir is listed on the Icelandic Stock Exchange. For more information:

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*Based on statistics published by OMX and Oslo Børs

Contact Information

  • For more information, please contact:
    Frank O. Reite
    Executive Vice President
    Nordic & Markets
    mobile +47 915 80 604

    Almar Gudmundsson
    Glitnir, Head of Nordic Research
    mobile +354 844 4944

    Bjørn Richard Johansen
    Managing Director, Corporate Communication, Glitnir
    mobile +47 47 800 100