In 1997, the
Copenhagen Stock Exchange
The Nasdaq Copenhagen, formerly known as the Copenhagen Stock Exchange (), is an international marketplace for Danish securities, including shares, bonds, treasury bills and notes, and financial futures and options.
Nasdaq Copenhagen is on ...
and 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 ...
initiated formalized cooperation through NOREX, with the purpose of establishing a joint Nordic
securities market
Security market is a component of the wider financial market where securities can be bought and sold between subjects of the economy, on the basis of demand and supply. Security markets encompasses stock markets, bond markets and derivatives ma ...
. At the beginning of 1998, the two exchanges established a joint company, Nordic Exchanges A/S, whose primary task was to market NOREX worldwide.
The program was absorbed by
OMX when it merged with 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 ...
in 1998
and purchased the
Copenhagen Stock Exchange
The Nasdaq Copenhagen, formerly known as the Copenhagen Stock Exchange (), is an international marketplace for Danish securities, including shares, bonds, treasury bills and notes, and financial futures and options.
Nasdaq Copenhagen is on ...
in 2005.
This created a single Nordic exchange to which were added a number of other exchanges over the years and would eventually be part of
NASDAQ OMX Group
Nasdaq, Inc. is an American multinational financial services corporation that owns and operates three stock exchanges in the United States: the namesake Nasdaq stock exchange (on which it is also listed), the Philadelphia Stock Exchange, and ...
by 2008.
References
Stock exchanges in Europe
{{Stockexchange-stub