EDX London Ltd, owned by London Stock Exchange and OMX, offers trading and clearing in Scandinavian equity derivatives as well as over-the-counter equity derivatives services in London. During the period April-September 2005, EDX London traded a total of 10.1 million contracts, mainly relating to Scandinavian equity derivatives.
The development of services for the over-the-counter equity derivatives market continued during the period, but does not justify further investment. The decision by OMX stems from the LSE report that found an exceptional impairment loss for the six-month period in EDX London, which totaled GBP 22 million. OMX owns 24 percent of EDX London, which is treated in OMX’ accounts as an associated company.