Copenhagen Stock Exchange

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OMX Copenhagen
Copenhagen Stock Exchange
Københavns Fondsbørs
Type Stock Exchange
Location Copenhagen, Denmark
Founded 1625
Owner OMX
Key people Bjørn Sibbern (Director)
Market cap Euro 206 billion (Sep 2007)
Volume Euro 172.5 billion
(Q4 2006 - Q3 2007)
Indexes KAX Index
OMX Copenhagen 20
KFX Index
Website www.cse.dk
This building, Børsen, housed the Copenhagen Stock Exchange until 1974

The Copenhagen Stock Exchange or CSE (Danish: Københavns Fondsbørs) is an international marketplace for Danish securities, including shares, bonds, treasury bills and notes, and financial futures and options. CSE is one of the OMX Exchanges, which was founded in 2003 and since February 2008, is part of the NASDAQ OMX Group.

Background and structure[edit]

The exchange was converted to a limited company in 1996 with share capital issued in a ratio of 60-20-20 to members, issuers of shares, and issuers of bonds. In 1997 the FUTOP Clearing Center A/S, the Danish derivatives market, became a wholly owned subsidiary. FUTOP issues, clears, and guarantees futures and options on shares, indices, and interest rate products. FUTOP products can be traded electronically. In 1998, the CSE and the Stockholmsbörsen formed the NOREX Alliance, a step toward developing a Nordic securities market. Normal trading sessions are from 09:00am to 05:00pm on all days of the week except Saturdays, Sundays and holidays declared by the exchange in advance.[1]

CSE indices[edit]

The C20 Index, a weighted, market value index comprising 20 Danish blue chips, launched for futures and options trading (members include the A.P. Moller-Maersk Group). The KFX Index comprises growth companies in the medical, telecommunications, biotechnology, and information technology sectors on the exchanges KVX Growth Market. The KAX Index is the exchange's all-share index, introduced in 2001 to replace the previous all-share index. It conforms to the Global Industry Classification Standard developed by Morgan Stanley Dean Witter and Standard & Poor's.

References[edit]

External links[edit]

Coordinates: 55°40′45″N 12°34′53″E / 55.67917°N 12.58139°E / 55.67917; 12.58139