Nasdaq Helsinki, formerly known as the Helsinki Stock Exchange (, ), is a

stock exchange A stock exchange, securities exchange, or bourse is an exchange where stockbrokers and traders can buy and sell securities, such as shares of stock, bonds and other financial instruments. Stock exchanges may also provide facilities for ...

located in

Helsinki Helsinki () is the Capital city, capital and most populous List of cities and towns in Finland, city in Finland. It is on the shore of the Gulf of Finland and is the seat of southern Finland's Uusimaa region. About people live in the municipali ...

Finland Finland, officially the Republic of Finland, is a Nordic country in Northern Europe. It borders Sweden to the northwest, Norway to the north, and Russia to the east, with the Gulf of Bothnia to the west and the Gulf of Finland to the south, ...

. Since 3 September 2003, it has been part of

Nasdaq Nordic Nasdaq Nordic is the common name for the subsidiaries of Nasdaq, Inc. that provide financial services and operate marketplaces for securities in the Nordic and Baltic regions of Europe. Historically, the operations were known by the compan ...

(previously called ''OMX''). After the OMX merger, it was referred to as ''OMX Helsinki'' (OMXH), then after

NASDAQ The Nasdaq Stock Market (; National Association of Securities Dealers Automated Quotations) is an American stock exchange based in New York City. It is the most active stock trading venue in the U.S. by volume, and ranked second on the list ...

's acquisition of OMX in February 2008, ''NASDAQ OMX Helsinki'', and currently Nasdaq Helsinki.

History

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 A cooperative (also known as co-operative, coöperative, co-op, or coop) is "an autonomy, autonomous association of persons united voluntarily to meet their common economic, social and cultural needs and aspirations through a jointly owned a ...

owned mostly by

bank A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital m ...

s, traders, other

companies A company, abbreviated as co., is a legal entity representing an association of legal people, whether natural, juridical or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specifi ...

and associations. Helsinki Stock Exchange old electromechanical trader terminal

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 A backronym is an acronym formed from an already existing word by expanding its letters into the words of a phrase. Backronyms may be invented with either serious or humorous intent, or they may be a type of false etymology or folk etymology. The ...

for "immediately"), which replaced the electro-mechanical trading system originally introduced back in 1935. HETI enabled remote traders to conduct transactions on equal terms with those in the

trading room A trading room gathers trader (finance), traders operating on financial markets. The trading room is also often called the Front office (finance), front office. The terms "dealing room" and "trading floor" are also used, the latter being inspir ...

. The cooperative changed to a

limited liability company A limited liability company (LLC) is the United States-specific form of a private limited company. It is a business structure that can combine the pass-through taxation of a partnership or sole proprietorship with the limited liability of ...

(''Helsingin Arvopaperipörssi'') in the fall of 1995 and merged with several clearing and

stock deposit Stocks (also capital stock, or sometimes interchangeably, shares) consist of all the shares by which ownership of a corporation or company is divided. A single share of the stock means fractional ownership of the corporation in proportion t ...

companies and associations at the beginning of 1997. During 1997 and 1998 the Stock Exchange bought both of the Finnish

derivative exchange In mathematics, the derivative is a fundamental tool that quantifies the sensitivity to change of a function's output with respect to its input. The derivative of a function of a single variable at a chosen input value, when it exists, is th ...

s and merged them with itself to become ''HEX''. In November 1998 HEX merged with

Arvopaperikeskus Euroclear Finland is the central securities depository (CSD) of Finland, headquartered in Helsinki. It is a fully-owned subsidiary of the Euroclear Group. Overview In June 1989, the Bank of Finland, the Finnish government and the Helibor banks es ...

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 The Nasdaq Tallinn AS, formerly known as the Tallinn Stock Exchange, is a stock exchange operating in Tallinn, Estonia. Nasdaq Tallinn is the only regulated secondary securities market in Estonia. The major stock market index is Nasdaq Tallinn, fo ...

and the

Riga Stock Exchange The Nasdaq Riga, formerly Riga Stock Exchange, is the sole stock exchange operating in Riga, Latvia. It is owned by Nasdaq, which also operates exchanges in the USA, Denmark, Sweden, Finland, Iceland, Armenia, Lithuania, and Estonia. Established ...

. On 3 September 2003, HEX Plc merged with OM AB, owner of the

Stockholm Stock Exchange Nasdaq Stockholm, formerly known as the Stockholm Stock Exchange (), is a stock exchange located in Frihamnen, Stockholm, Sweden. Founded in 1863, it has become the primary securities exchange of the Nordic countries. As of March 2021, a total ...

, to become OM HEX. A year later, the company was renamed to OMX. OMX Helsinki 25 (OMXH25) is the leading share index on Nasdaq Helsinki. It is a

market value Market value or OMV (open market valuation) is the price at which an asset would trade in a competitive auction setting. Market value is often used interchangeably with ''open market value'', ''fair value'' or '' fair market value'', although t ...

weighted index that consists of the 25 most-traded on Nasdaq Helsinki. OMXH25 was earlier known by its old name, HEX25.

Hours

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. Market Hours, OMX Nordic Exchange - Helsinki via Wikinvest

References

External links

Nasdaq OMX Nordic homepage

Companies listed on Nasdaq Helsinki
{{Coord, 60.1684, 24.9492, display=title Financial services companies established in 1912 Finnish companies established in 1912 Economy of Finland Buildings and structures in Helsinki Economy of Helsinki Stock exchanges in Europe

Nasdaq Nordic Financial services companies of Finland Kluuvi

History

Hours

See also

References

External links