Nordic Stock Market - Stock Market

Nordic Stock Market

The Nordic stock market is composed of a group of stock exchanges in the Nordic and Baltic countries. As part of the OMX Exchanges, the Nordic stock market was acquired by NASDAQ in 2008. Costing nearly 3.7 billion US dollars, the acquisition resulted in a new group called the NASDAQ OMX Group. The Nordic stock market handles over 80% of the trade transactions in the Nordic and Baltic countries. Split into three divisions, the Nordic Stock Market, Baltic Market and the First North. The Nordic stock market is composed of the areas of Copenhagen, Stockholm, Helsinki and Iceland.

The Nordic stock market makes use of the electronic trading system known as SAXESS. Developed by OMX, this system offers the flexibility to accommodate either price driven or order driven markets. The Nordic stock market has differing trading hours depending on market type. Likewise, each area has its own trading hours. The main index for the Nordic stock market is the NASDAQ OMX 100. This index is composed of the top 100 companies listed on the NASDAQ OMX exchanges. The Nordic stock market, in combination with the NASDAQ OMX, has 3,900 company listings worldwide. NASDAQ OMX has a total market value of 5.5 trillion US dollars.