OMX list links Finnish, Swedish, and Danish stock exchanges

print this

The stock exchanges of Finland, Sweden, and Denmark were linked into a single stock market list, the OMX, on Monday morning at 10:00 o’clock.
      The website of the OMX crashed soon after the launch - probably because of overloading.
      The first trades were made with shares of Swedish telecommunications equipment manufacturer Ericsson, the Finnish mobile phone giant Nokia, and the Danish Møller-Mærsk shipping company.
     
The event was celebrated at the stock exchanges in Stockholm, Helsinki, and Copenhagen, which were linked to each other via satellite television.
      Magnus Böcker , CEO of OMX, opened the historic event at the Stockholm Stock Exchange. He noted that the birth of the Nordic home market had taken three years.
      "We are stunned by the support that we have received during this time", he said.
     
OMX calculates that the Nordic Exchange  is the largest IT and telecommunications marketplace in Europe, the largest paper company market place in the world, and the world’s second-largest trading location for companies specialised in fashion.
      "We Scandinavians are the world’s innovators, but now and then we forget it. We will guide others through these experiences", Böcker said.
     
Presiding over the celebration in Helsinki of the launch of the Nordic Exchange, Jukka Ruuska, cheered "Damn great. It’s up and running!"
      The new Nordic Exchange is the seventh-largest in Europe. The companies in it are valued at about EUR 760 billion.
     
The former Helsinki Stock Exchange (HEX) was bought by OM of Stockholm in 2003. Prior to that HEX had acquired the bourses of Tallinn (2001) and Riga (2002).
      The company created, OMX, then bought the Vilnius and Copenhagen exchanges, and has recently announced that the Icelandic bourse will also be joining the group.


Links:
  OMX Nordic Exchange website

Helsingin Sanomat