Copenhagen Stock Exchange

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The Copenhagen Stock Exchange (CSE) is an international marketplace for Danish securities, including shares, bonds, Treasury bills and notes, and financial futures and options. CSE is one of the OMX Exchanges, which was founded in 2003.

1 Background and Structure
2 CSE Indices
3 Other OMX Exchanges
4 External links

[edit] Background and Structure

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. Trading is conducted from 9 a.m. to 5 p.m., Monday through Friday.

[edit] CSE Indices

The C20 Index, a weighted, market value index comprised of 20 Danish blue chips, launched for futures and options trading (members include the A.P. Moller-Maersk Group). The KFX Index is comprised of 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.