OMX, the Nordic and Baltic exchange operator, suffered a 10% fall in revenue during the three months to September 30 due to poor volumes on its exchanges during the summer. A radical cost-cutting programme has also had a short-term effect on revenue.

Revenues across the business, which is made up of two divisions, OMX Exchanges and OMX Technology, fell to Skr656m (€72.2m) for the quarter compared with Skr729m for the corresponding period in 2003.