Avanza

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Avanza Bank Holding AB (publ.)
Public (Nasdaq StockholmAZA)
Industry Financial Services
Founded 1999
Headquarters Stockholm, Sweden
Key people
Sven Hagströmer, Chairman
Johan Prom, CEO
Products see www.avanza.se
Revenue Increase SEK 597 million (2013)
Number of employees
269 (2013)
Website www.avanza.se

Avanza Bank Holding AB (publ.) is the largest online stock broker in Sweden with more than 600 000 customers and the largest number of deals on the Stockholm Stock Exchange.[1] Avanza is one of the options open to private investors who want to play an active part in their investments and savings programmes.

Avanza is listed on the Nordic List's Large Cap (ticker symbol AZA.ST).

History[edit]

Avanza was founded in 1999 as HQ.se. In 2001 HQ.se bought the online stock broker Avanza and kept the name. This merger made Avanza the largest online broker in Sweden with more than 150 000 active customers and a 50% market share among the online brokers.[citation needed]

In May 2006, Avanza acquired Börsveckan AB - the company behind the stock magazine with the same name.

In September 2006, Avanza launched the online magazine Placera Nu.

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