Nasdaq is to bring a choice of clearers for traders on its cash equities markets in the Nordic region from November 23 this year, ahead of provisions in regulatory reforms that will make open access between clearers in European markets mandatory.

The US-headquartered exchange operator will phase in competitive clearing over the coming months across its markets in Stockholm, Helsinki and Copenhagen, it said in a statement on October 13. The news followed a June announcement that it would allow interoperability between clearing houses on those markets.