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Securities trading – Sweden

04.04.2024

Key market-tradable securities

Denomination currency	Maturity profile	Interest rate	Interest/Dividend payment frequency	Form
Government bonds
SEK	1 to 30 years	Fixed or floating	Annual	Dematerialised and registered ^a
Corporate bonds
SEK/EUR	1 to 30 years	Fixed or floating	Quarterly, semi-annual or annual	Physical and registered; or dematerialised and registered
Mortgage bonds
SEK	1 to 30 years	Fixed or floating	Quarterly, semi-annual or annual	Physical and registered; or dematerialised and registered
Commercial paper
SEK/EUR	Up to 1 year	Discount	At maturity	Dematerialised and registered
Treasury bills
SEK/EUR	3 to 12 months	Discount	At maturity	Dematerialised and registered
Equities
SEK/EUR	Not applicable	Not applicable	Usually annual	Dematerialised and registered ^b
Warrants
SEK	Not applicable	Not applicable	Not applicable	Physical and registered; or dematerialised and registered

a. The few issues that remain in physical form pay semi-annually.
b. Very few issues remain in physical form.

Swedish instruments

The following Swedish instruments have market–specific characteristics:

Government bonds	The Swedish national debt office issues nominal bonds and inflation-linked bonds.	SEK denominated only.
Equities ^a	Various types of securities traded on the Stock Exchange. Companies may issue different series of stock, usually A or B series shares, each carrying different proportions of voting rights.	A-shares have full voting rights. B-shares have restricted voting rights (usually 1/10; that is, one vote per 10 shares held).
Warrants	Warrants traded on Nasdaq Stockholm and NGM (the other regulated market in Sweden).	Most warrants are exercised for cash. Subscription warrants, are exercised for new shares.
Derivatives		Listed and traded at Nasdaq Derivatives. Cleared by Nasdaq Clearing.

a. Non-voting shares are not allowed in Sweden.

Preference shares provide “given preferential rights” on dividends to the underlying shareholders

Trading platforms

INET Nordic Technical Information – INET Nordic Trading Platform | Nasdaq

INET Nordic is the Nasdaq trading platform for Nordic and Baltic equities and only stock exchange members are eligible to trade there.

An institutional investor with operations in Sweden who wants to invest requires an authorisation from the Swedish FSA.
Foreign institutional investors without operations in Sweden must be authorised to carry out securities business and also be under adequate supervision of an authority in their home country.

Central Counterparty (CCP) clearing service

Since October 2010, CCP clearing has been mandatory for some of the securities traded on Nasdaq Stockholm. The scope of CCP clearing was expanded as of 3 June 2019. In addition to the main market, Nasdaq Nordic also operates a Multitrading Facility (MTF), First North Sweden. First North Sweden is an MTF designed for small and growing companies. Derivatives have been traded and cleared through a separate legal entity, Nasdaq Clearing AB since September 2013.

Official trading hours of Nasdaq: www.nasdaqomxnordic.com/tradinghours