Lago Kapital enters Denmark
08 November 2019 Helsinki
Image: Shutterstock
Lago Kapital is now a direct member of Nasdaq Copenhagen, which allows it to serve clients in Denmark with its automated liquidity providing service.
Lago has been offering liquidity providing (LP) services for listed companies since 2018 in both Finland and Sweden, and now Denmark.
As a cash member of Nasdaq Copenhagen, Lago is now admitted to trading in INET Trading System in central counterparty cleared securities.
In Denmark, Lago will now offer its LP services to two new clients, Happy Helper, an office cleaning company, and the Finnish company Enersense, that specialises in the development of industrial competitiveness, under market maker agreements.
For Happy Helper, the spread of the bid and offer prices is a maximum of 4 percent calculated on the bid price. The quotes on bid and offer must be at least 15 Danish krona worth of shares. The intention is to promote liquidity in the share, Lago explained.
As well as this, Lago will quote bids and offers for Happy Helper’s share in the trading system of NASDAQ Denmark Copenhagen on each trading day for at least 85 percent of the continuous trading period and in the auction procedures applicable to the share.
Meanwhile, under the agreement with Enersense, Lago will make a bid offer for the company’s shares with a maximum difference of 4 percent calculated on the bid price. Offers shall include a minimum number of shares equivalent to €1,500.
Lago also noted that it will undertake to make a bid and offer for the Enersense share on the Exchange Trading System on each exchange day at least 85 percent of the time of the continuous trading.
Lago’s services includes maintaining bids and offers according to predefined parameters, as well as this quotes are maintained automatically by using an algorithm so there are no delays/gaps during the day.
A spokesperson for Lago explained: “Our algorithm also fills the orderbook on lower levels if the orderbook looks empty thanks to our excellent securities borrowing and lending network we can keep the service on even if we are short in a stock.”
“Our service has been very well received in the market and during 2019 every single new LP agreement in Finland was won by Lago. We think that this may be thanks to the fact that our service is fully automated.”
Lago has been offering liquidity providing (LP) services for listed companies since 2018 in both Finland and Sweden, and now Denmark.
As a cash member of Nasdaq Copenhagen, Lago is now admitted to trading in INET Trading System in central counterparty cleared securities.
In Denmark, Lago will now offer its LP services to two new clients, Happy Helper, an office cleaning company, and the Finnish company Enersense, that specialises in the development of industrial competitiveness, under market maker agreements.
For Happy Helper, the spread of the bid and offer prices is a maximum of 4 percent calculated on the bid price. The quotes on bid and offer must be at least 15 Danish krona worth of shares. The intention is to promote liquidity in the share, Lago explained.
As well as this, Lago will quote bids and offers for Happy Helper’s share in the trading system of NASDAQ Denmark Copenhagen on each trading day for at least 85 percent of the continuous trading period and in the auction procedures applicable to the share.
Meanwhile, under the agreement with Enersense, Lago will make a bid offer for the company’s shares with a maximum difference of 4 percent calculated on the bid price. Offers shall include a minimum number of shares equivalent to €1,500.
Lago also noted that it will undertake to make a bid and offer for the Enersense share on the Exchange Trading System on each exchange day at least 85 percent of the time of the continuous trading.
Lago’s services includes maintaining bids and offers according to predefined parameters, as well as this quotes are maintained automatically by using an algorithm so there are no delays/gaps during the day.
A spokesperson for Lago explained: “Our algorithm also fills the orderbook on lower levels if the orderbook looks empty thanks to our excellent securities borrowing and lending network we can keep the service on even if we are short in a stock.”
“Our service has been very well received in the market and during 2019 every single new LP agreement in Finland was won by Lago. We think that this may be thanks to the fact that our service is fully automated.”
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