That article is about Introduction: Nordic Stock Exchange Group. OMX is a monetary businesses company that had its origins from Sweden and Finland in 2003. The world’s largest stock exchange NASDAQ had set its eyes upon OMX. NASDAQ was successful in acquiring this stock exchange group in 2008. Currently, the same stock exchange comes under NASDAQ OMX Group.
The group handles the trading activities of eight stock exchanges. These exchanges are loosely scattered all across the Nordic and Baltic countries. Apart from the management of these stock exchanges, they also specialize in the development and deployment of some of the latest state of the art electronic trading platforms for other stock exchanges across the globe.
The group initially functioned as a derivatives exchange that dealt with futures contracts. This was back in 1980 and the first exchange was set up in Sweden. Then, the group procured the Stockholm Stock Exchange.
The same group fought valiantly to take control of the London Stock Exchange but had to meet failure in that venture. It was only in 2003, that the group acquired Helenski Stock Exchange. By that time, the rechristening of the group’s name to OMX took place. With the passage of time, a series of acquisitions (which included the Iceland Stock Exchange and the Copenhagen Stock Exchange) was undertaken.
It was in 2006 that the OMX purchased the technical sector of the renowned share registry vendor Computershare. This led to the birth of OMX Technology, a robust and trusted stock exchange trading platform provider. Within months, representatives across the globe began to order the same platform for their respective exchanges.
This actually led to the standardization of the European exchanges. Intense rivalry had also cropped up in between NASDAQ and Borse Dubai (one of the stock exchanges in the United Arab Emirates) for the acquisition of OMX. NASDAQ OMX is currently having its headquarters in New York with subsidiary branches in various European countries.
Simplification of the trading procedures will attract many potential companies. It seems that the group was aware of this strategy. The classification of the stock exchange into three distinct divisions, with each division managing the activities of the respective countries was an innovative approach.
The three divisions are the Nordic Market, the Baltic Market and the First North. While the big shots competed in the Nordic and Baltic markets, some of the lesser-known companies too made profits by listing themselves in the First North stock exchange.
Some of the notable trading platforms that have been developed by OMX Technology include SAXESS, CONDICO, CLICK and X-stream. As mentioned earlier, these technologies are implemented in one form of the other in most of the prominent stock exchanges.
The trading hours for these stock markets vary. Afterhours trade sessions have become quite a norm in these exchanges. One can obtain real time quotes for any company of their choice by visiting the official website of the OMX group. Be wary of the rules and regulations that one must practice while trading in any one of these exchanges!