Danske Bank fined by Nasdaq OMX bourse

Reuters - UK Focus

April 16 (Reuters) - Nasdaq OMX in Stockholm said it haddecided to order Denmark's Danske Bank (Other OTC: DNSKF - news) to pay a fineof 500,000 Swedish crowns ($76,100) for breaching trading rules.

The stock exchange's disciplinary committee said the bankhad placed orders for shares in British pharmaceutical companyAstraZeneca (NYSE: AZN - news) that were not intended to result in tradesbut to send signals to other market participants.

Danske Bank has claimed the orders were genuine and intendedto lead to trades, Nasdaq OMX said in a press release.

($1 = 6.5695 Swedish Crowns) (Reporting by Teis Jensen; editing by Jane Baird)

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