Nasdaq trading statistics for the Nordic and Baltic markets showed average daily share turnover reached €3.546 billion in September 2026, up 25.2% from a year earlier. The report, published on October 1, also recorded lower cleared derivatives volume and exchange-traded product trading.

Key Takeaways

  • Average daily share turnover rose 25.2% year over year and 6.9% from August.
  • Cleared derivatives volume fell 25.8% to 276,848 contracts per day.
  • Nasdaq Nordic’s share of order-book trading slipped to 75.5% from 75.9%.

Table of Contents

Nasdaq trading statistics show stronger share turnover

September’s average daily share trading increased from €2.831 billion in September 2025. Turnover also rose 6.9% compared with August 2026, giving the cash-equity figures gains on both an annual and monthly basis.

Nokia Oyj ranked as the most traded stock per day during September, ahead of Novo Nordisk A/S. Goldman Sachs Bank Europe SE was the most active trading member, followed by Morgan Stanley Europe SE.

The monthly report covers Nasdaq’s Nordic exchanges in Copenhagen, Helsinki, Iceland and Stockholm, alongside its Baltic exchanges in Riga, Tallinn and Vilnius.

Derivatives and ETP activity decline

Cleared derivatives activity moved in the opposite direction to share turnover. Average daily volume dropped to 276,848 contracts from 372,949 in September 2025, a decline of 25.8%.

Trading in exchange-traded products, or ETPs, decreased by 35.8% year over year. The ETP figures cover Copenhagen, Helsinki, Iceland and Stockholm and include ETFs, ETNs, ETCs and AIFs.

Order-book market share edges lower

Nasdaq Nordic accounted for 75.5% of order-book trading in its listed shares, down from 75.9% in August. The venue-comparison figures cover the main European marketplaces offering trading in those shares and use BMLL data.

At the best price level, Nasdaq reported average order-book depth of 2.7 times that of the second-most-liquid venue for OMXC25 companies. The corresponding multiples were 2.1 for OMXH25 companies and 2.4 for OMXS30 companies.

Nasdaq Nordic’s average time at the European Best Bid and Offer was 81.0% for OMXC25 companies, 87.4% for OMXH25 companies and 88.4% for OMXS30 companies. EBBO refers to the best currently available buying or selling price for an instrument.

Conclusion

September’s report showed stronger share turnover alongside weaker derivatives and ETP activity, while Nasdaq Nordic’s order-book trading share edged down from August.

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