Nordic Stock Exchange

About the Nordic Stock Exchange

What is commonly known as the Nordic Stock Exchange is formally known by individuals of Nordic and Baltic countries as the Aktiebolaget Optionsmäklarna/Helsinki Stock Exchange(OMX). The Nordic stock exchange is a relative newcomer to the financial institutional world, having been founded in 2003 in Stockholm, Sweden. However, it has done a great deal correct in managing its financials, as the company was considered a worthy enough investment by NASDAQ, which acquired it in 2007 for over US $4 billion. In 2007, its market capitalization was over US $675 million.

Though technically founded in 2003, the OMX has roots leading back as far as the 1980s, when Olof Stenhammar founded a futures exchange to further the spread of standardized option contracts amongst the Swedish people. Optionsmäklarna, or OM AB, as it was called, was later bought out by the Stockholm Stock Exchange in 1998. Between the late 1990s and 2007, the OMX acquired the Helsinki Stock Exchange and when it was finally acquired by NASDAQ in 2007, it had expanded its offerings to begin options trading amongst smaller corporations. The current OMX handles over 80% of the exchange trades in the areas including those in the Copenhagen, Stockholm, Helsinki, and Iceland locations.

Nordic Stock Exchange Hours

The OMX and its subsidiaries in the region, like the Copenhagan Stock Exchange in Denmark, open at 9:00am and close at 5:00pm on weekdays.

Nordic Stock Exchange Holidays

The Baltic branch of the Nordic stock exchange, the most commonly used by Swedish-Finnish individuals, has the following holidays scheduled for 2011. During these days it will be closed:

Day of Re-Establishment of the State of Lithuania- February 16th
Independence Day of Estonia- February 24th
Day of Re-Establishment of the Independence of Lithuania- March 11th
Good Friday- April 22nd
Easter Monday- April 25th
Ascension Day- June 2nd
Victory Day of Estonia / Midsummer Day- June 23rd
Midsummer Day / St John’s Day- June 24th
Non Business Day- October 31st
All Saints’ Day- November 1st
Proclamation of the Republic of Latvia- November 18th
Boxing Day- December 26th