Nordic Stock Exchange

The Nordic Stock Exchange is also known as the OMX Nordic Exchange. In 2008, this group of stock exchanges and financial services companies was acquired by NASDAQ - resulting in the NASDAQ OMX Group Inc. The Nordic Stock Exchange handles the Baltic and Nordic countries, controlling more than 80% of the exchange trades in the area. Some of the stock exchanges handled by the Nordic Stock Exchange include the Copenhagen, Stockholm, Helsinki, and Iceland exchanges. The NASDAQ OMX headquarters is located in New York, with offices in Finland, Sweden and other areas. The trading hours of the exchanges in the Nordic Stock Exchange differ. There are numerous indexes used by the Nordic Stock Exchange to monitor the exchange. Each exchange features its own local index, while other indexes are used to monitor the group as a whole.

The history of the Nordic Stock Exchange began in the 1980s. The OM AB, as it was known at that time, acquired the Stockholm Stock Exchange in 1998. In 2003, the Helsinki Stock Exchange joined the group and the company changed their brand name to OMX. Throughout 2005 to 2006, OMX acquired a number of other exchanges, including those in Copenhagen and Iceland. The Nordic Stock Exchange was launched in October of 2006, combining the company listings of each exchange into one unified list. In 2008, the Nordic Stock Exchange was acquired by NASDAQ for 3.7 billion US dollars.