OMX

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OMX AB
Image:OMX_logo.gif
Type Public (OMX: )
Founded 2003
Headquarters Stockholm, Sweden
Key people Magnus Böcker, CEO
Industry Financial services
Products Stock exchange
Revenue SEK 3,115 m (EUR 341 m)
Employees 1,371
Slogan Efficient Securities Transactions
Website www.omxgroup.com
This article is about the stock exchange in Sweden. OMX is also the stock symbol for Office Max.

OMX AB is a Swedish-Finnish financial services company, formed in 2003 through a merger between OM AB and HEX plc. It has two divisions, OMX Exchanges, which operates seven stock exchanges in the Nordic and Baltic countries, and OMX Technology, which develops and markets systems for financial transactions used by OMX Exchanges, as well as by other stock exchanges. The company is a world leader in financial instruments trading systems.

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[edit] History

OM AB (Optionsmäklarna) was a futures exchange founded by Olof Stenhammar in the 1980s to introduce trading in standardized option contracts in Sweden. OM acquired the Stockholm Stock Exchange in 1998 and unsuccessfully attempted acquisition of the London Stock Exchange in 2001.

On 3 September 2003 the Helsinki Stock Exchange (HEX) merged with OM, and the joint company became OM HEX. On August 31, 2004, the brand name of the company was changed to OMX.

In 2005 OMX merged with the CSE, Copenhagen Stock Exchange, although it was really a takeover of CSE by OMX.

In December 2005 OMX started First North, an alternative exchange, in Denmark.

In 2006 OMX AB acquired the Markets Technology division of Computershare. The acquisition greatly expanded its product offerings and made its client list the largest of all trading system technology providers.

In June 2006 OMX expands the First North exchange to Stockholm, and has plans to include Helsinki.

On September 19, 2006 the Iceland Stock Exchange announced it will join the OMX Nordic Exchange, OMX and Eignarhaldsfelagid Verdbrefathing hf (EV), the owner of the Iceland Stock Exchange (ICEX) have signed a Letter of intent regarding an acquisition of EV.[1]

The group launched a virtual Nordic Stock Exchange on October 2, 2006, after merging the individual lists of shares traded at its three wholly-owned Scandinavian exchanges into a combined Nordic List. It also launched a pan-regional benchmark index, the OMX Nordic 40, on the same date, however the individual exchanges have also retained their own national benchmark indices.

On October 6, 2006, OMX acquired a 10% stake in Oslo Bors Holding ASA, the Oslo Stock Exchange.

[edit] OMX Exchanges

[edit] OMX Divisions

The company's activity is categorized into three divisions:

  • Nordic Market
  • Baltic Market
  • First North alternative exchange

[edit] OMX Technology customers include

[edit] See also

[edit] External links

  • OMX - Official site
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