Nasdaq Copenhagen

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Nasdaq Copenhagen
Københavns Fondsbørs
TypeStock Exchange
LocationCopenhagen, Denmark
Founded1625[1]
1808[2]
OwnerNasdaq Nordic
Key peopleBjørn Sibbern (Director)
Market capEuro 206 billion (Sep 2007)
VolumeEuro 172.5 billion
(Q4 2006 - Q3 2007)
IndicesKAX Index
OMX Copenhagen 20
KFX Index
Websitenasdaqomxnordic.com
This building, Børsen, housed the Copenhagen Stock Exchange until 1974

The Nasdaq Copenhagen, formerly known as the Copenhagen Stock Exchange (Danish: Københavns Fondsbørs), is an international marketplace for Danish securities, including shares, bonds, treasury bills and notes, and financial futures and options.[3]

Nasdaq Copenhagen is one of the Nasdaq Nordic Exchanges. Nasdaq Nordic goes back to the 2003 merger of OM AB and HEX plc to form OMX and is, since February 2008, part of Nasdaq, Inc. (formerly known as 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.[4]

The following timeline outlines the consolidation through mergers and acquisitions among bourses in the European Union, which has taken place since the 1990s in response to financial harmonisation and liberalisation. Current, independent (parent) exchange companies are shown in colour.

    United States Intercontinental Exchange, Inc.
  United States New York Stock Exchange, Inc. United States European Union NYSE Euronext, Inc.
    United Kingdom London Traded Options Market United Kingdom London International Financial Futures and Options Exchange European Union Euronext N.V.
      United Kingdom London International Financial Futures Exchange
    United Kingdom London Commercial Sale Rooms United Kingdom London Commodity Exchange  
Netherlands Amsterdam Exchanges N.V. (Amsterdam Stock Exchange)     European Union Euronext N.V.
    Belgium Bourse de Valeurs Mobilières de Bruxelles S.A. (Brussels Stock Exchange)
  France Société des Bourses Françaises S.A. (Paris Stock Exchange)
    Portugal Bolsa de Valores de Lisboa e Porto (Lisbon Stock Exchange)
          Republic of Ireland Irish Stock Exchange  
                Norway Oslo Stock Exchange Norway Oslo Børs Holding ASA Norway Oslo Børs VPS Holding ASA  
                                      Norway Verdipapirsentralen Norway Verdipapirsentralen ASA  
                                    Denmark VP Securities A/S  
                  Italy Borsa Italiana S.p.A. (Italian Bourse) United Kingdom London Stock Exchange Group plc  
    United Kingdom London Stock Exchange plc  
                                              Norway Statnett Marked AS   European Union Nord Pool Spot AS European Union Nord Pool AS  
                                              European Union Nord Pool ASA  
                                  United States Nasdaq, Inc.
                      Sweden Stockholm Stock Exchange Sweden OM AB European Union OM HEX AB European Union OMX AB
                          Finland Helsinki Stock Exchange Finland Helsinki Exchanges Group Plc
                                                Estonia Tallinn Stock Exchange  
                                              Latvia Riga Stock Exchange  
                                              Lithuania Vilnius Stock Exchange
  Denmark Copenhagen Stock Exchange  
                                          Iceland Iceland Stock Exchange  
                                                          Armenia Armenian Stock Exchange  
                                                Switzerland SIX Swiss Exchange AG
                      Spain Bolsas y Mercados Españoles, Sociedad Holding de Mercados y Sistemas Financieros, S.A. (Spanish Bourses)  
                          Hungary Budapest Stock Exchange     Hungary Budapest Stock Exchange
          Austria Wiener Börse AG (Vienna Stock Exchange) European Union Central and Eastern Europe Stock Exchange Group AG Austria Vienna Stock Exchange
                                                Czech Republic Burza cenných papírů Praha, a.s. (Prague Stock Exchange)  
                                            Slovenia Ljubljana Stock Exchange      
                                              Croatia Zagreb Stock Exchange
Germany Frankfurter Wertpapierbörse AG (Frankfurt Stock Exchange)   Germany Deutsche Börse AG (German Bourse)
                                  Luxembourg Centrale de Livraison de Valeurs Mobilières Luxembourg Cedel International  
                                                              Germany European Energy Exchange  
                                                        Germany Switzerland Eurex Exchange  
                                                        Germany Switzerland STOXX
1585
1602
1625
1698
1724
1769
1771
1792
1799
1801
1808
1818
1831
1863
1864
1912
1954
1970
1971
1978
1979
1980
1985
1989
1991
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1995
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1998
2000
2001
2002
2003
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2015
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2018
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2020
2021

CSE indices[edit]

The C25 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]

  1. ^ "About us". Nasdaq. Retrieved 11 August 2016.
  2. ^ "Børsens historie". Børsbygningen (in Danish). Dansk Erhverv. Retrieved 11 August 2016.
  3. ^ Bakie, John (30 October 2014). "Nasdaq drops OMX name from branding". The Trade. London. Archived from the original on 20 September 2016. Retrieved 12 June 2015.
  4. ^ Market Hours, OMX Nordic Exchange - Copenhagen via Wikinvest

External links[edit]

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