Oslo Stock Exchange

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Coordinates: 59°54′31.31″N 10°44′52.06″E / 59.9086972°N 10.7477944°E / 59.9086972; 10.7477944

Oslo Stock Exchange
Oslo Børs
Oslo stock exchange (Photo: Erik Storm / StockLink iMarkedet
Type Stock Exchange
Location Oslo, Norway
Coordinates 59°54′31.31″N 10°44′52.06″E / 59.9086972°N 10.7477944°E / 59.9086972; 10.7477944
Founded 1819
Owner Oslo Børs VPS Holding
Key people Bente A. Landsnes (CEO)
Benedicte Schilbred Fasmer (Acting chairman)
No. of listings 179 (April 2014) [1]
Market cap NOK 2 022 billion (April 2014) [1]
Volume NOK 2,585 billion (2010)
Indexes OBX, OSEAX
Website http://oslobors.no
Oslo Børsen Building 2011

The Oslo Stock Exchange (Norwegian: Oslo Børs) (OSE: OSLO) serves as the main market for trading in the shares of Norwegian companies. It opens at 9:00am and closes 4:30pm local time (CET). In additional to a wide range of domestic companies, the OSE attracts a lot of international companies within petroleum, shipping and other related areas.

The exchange has pre-market sessions from 08:15am to 09:00am, normal trading sessions from 09:00am to 04:20pm and post-market sessions from 04:20pm to 04:30pm on all days of the week except Saturdays, Sundays and holidays declared by the Exchange in advance.[2]

History[edit]

The Oslo Stock Exchange started life as Christiania Børs in 1819. In the beginning, there was no organized listing or stock exchange; the Børs served as a meeting place for investors auctioning ships, shares in ships, commodities, and foreign currencies. Stocks and bonds only started trading on the exchange in 1881.

In 1988, the exchange introduced an electronic trading support system, and replaced the old auction model with continuous trading of listed shares throughout the day. Trading became fully electronic in 1999 and the trading floor was discontinued.

Oslo Axess[edit]

Main article: Oslo Axess

Oslo Axess is a regulated and licensed market under the auspices of the Oslo Stock Exchange. The purpose is to promote growth among smaller companies, and give them the benefits achieved by having shares traded on a regulated market.[3]

Nordic ABM[edit]

Nordic ABM is a market place for listings of bond loans and certificate loans.[4]

OBX Index[edit]

Main article: OBX Index

The OBX Index is a list of the 25 most liquid companies on the Oslo Stock Exchange main index. The companies have their own index common OBX index. All stocks on the OBX list can be traded with options and futures which are listed on the SOLA derivative platform. The companies on the OBX list are rotated twice a year, on the third Friday of June and December.

Ownership[edit]

The Oslo Stock Exchange remained a self-owning institution until 2001 when it converted into a joint stock company and offered shares to the public in an IPO. DNB ASA owns 20% of the Holding company Oslo Børs Vps Holding ASA, with most of the rest of the stock owned by foreign and domestic investors.

See also[edit]

References[edit]

  1. ^ a b "Facts and Figures April 2014". Oslo Børs. Retrieved 8 May 2014. 
  2. ^ Market Hours, Oslo Stock Exchange via Wikinvest
  3. ^ "The difference between Oslo Børs and Oslo Axess". Oslo Stock Exchange. Archived from the original on 28 July 2014. 
  4. ^ "Nordic ABM". Oslo Stock Exchange. 

External links[edit]