Nasdaq Helsinki

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Nasdaq Helsinki
Helsingin Pörssi
Helsingforsbörsen
Lars Sonck, Helsinki Stock Exchange.jpg
TypeStock exchange
LocationHelsinki, Finland
FoundedOctober 7, 1912
OwnerNasdaq, Inc.
No. of listings141
IndicesOMX Helsinki 25
Websitenasdaqomxnordic.com

The Nasdaq Helsinki, formerly known as the Helsinki Stock Exchange (Finnish: Helsingin Pörssi, Swedish: Helsingforsbörsen), is a stock exchange located in Helsinki, Finland. Since 3 September 2003, it has been part of Nasdaq Nordic (previously called OMX). After the OMX merger, it was referred to as OMX Helsinki (OMXH), then after NASDAQ's acquisition of OMX in February 2008, NASDAQ OMX Helsinki, and currently Nasdaq Helsinki.[1]

History[edit]

Helsinki Stock Exchange record of the first day of trading 7 October 1912. Seen in Rahamuseo (Bank of Finland Museum), 2013.

The Helsinki Stock Exchange saw its first transaction on October 7, 1912. From then it remained a "free form" financial association until in 1984 it was converted into a cooperative owned mostly by banks, traders, other companies and associations.

Helsinki Stock Exchange old electromechanical trader terminal, seen in Rahamuseo (Bank of Finland Museum), 2013.

On April 1, 1990, trading was moved to a new digital system: HETI (Helsinki Stock Exchange Automated Trading and Information System, and in Finnish a rough backronym for "immediately"), which replaced the electro-mechanical trading board originally introduced back in 1935. HETI enabled remote traders to conduct transactions on equal terms with those in the trading room.

The cooperative changed to a limited liability company (Helsingin Arvopaperipörssi) in the fall of 1995 and merged with several clearing and stock deposit companies and associations at the beginning of 1997. During 1997 and 1998 the Stock Exchange bought both of the Finnish derivative exchanges and merged them with itself to become HEX. In November 1998 HEX merged with Arvopaperikeskus to form Helsinki Exchanges Group Plc, which then changed its name to HEX Plc in the spring of 2001. In 2001 and 2002 HEX acquired a majority share of the Tallinn Stock Exchange and the Riga Stock Exchange.

On 3 September 2003, HEX Plc merged with OM AB, owner of the Stockholm Stock Exchange, to become OM HEX. A year later, the company was renamed to OMX.

OMX Helsinki 25 (OMXH25) is a stock market index for the Helsinki Stock Exchange. It is a market value weighted index that consists of the 25 most-traded stock classes. OMXH25 is also known by its old name, HEX25. As of March 2006, there are two exchange-traded funds listed, both are index funds for the OMXH25 index.

In April 2006, the Stock Exchange announced the trading will be done in round lot sizes of one share starting from September 25, 2006. Previously trading was done in round lot sizes that varied from listed company to company.

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 NV
      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 NV
    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
                                  Luxembourg Centrale de Livraison de Valeurs Mobilières Luxembourg Cedel International  
                                                              Germany European Energy Exchange  
                                                        Germany Switzerland Eurex Exchange  
                                                        Germany Switzerland STOXX
1585
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1698
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Hours[edit]

Normal trading sessions are from 10:00am to 6:30pm on all days of the week except Saturdays, Sundays and holidays declared by the Exchange in advance.[2]

Trading rules[edit]

A special feature of Helsinki Exchange is that limit orders are not allowed to cross over. For an effective market order, the unfilled portion of the order becomes a limit order when it stays at the execution price.[3]

Currently listed stocks (followed by quote symbol)[edit]

A – N
O – Å

See also[edit]

References[edit]

  1. ^ 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.
  2. ^ Market Hours, OMX Nordic Exchange - Helsinki via Wikinvest
  3. ^ Hedvall, Hiemeyer, Rosenqvist (1997)

External links[edit]

Coordinates: 60°10′06″N 24°56′57″E / 60.1684°N 24.9492°E / 60.1684; 24.9492