Oslo Stock Exchange

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Oslo Børs
Type	Public
Founded	1856
Headquarters	Oslo, Norway
Key people	Bente A. Landsnes (CEO)
Area served	Norway
Industry	Stock Exchange
Revenue	NOK 361 million (2005)
Operating income	NOK 187 million (2005)
Net income	NOK 144 million (2005)
Website	http://www.oslobors.no/

Oslo Stock Exchange

Oslo Stock Exchange (Norwegian: Oslo Børs) serves as the main market for trading in shares of Norwegian companies. It opens 9:00 a.m. and closes 4.30 p.m. local time (CET).

1 History
2 OBX Index
3 Ownership
4 See also
5 External link

[edit] History

Oslo Stock Exchange started its life as Christiania Børs in 1819. In the beginning, there was no organized listing or stock exchange; the Børs served as a meeting place for investors auctioning ships, shares in ships, commodities, and foreign currencies. Stocks and bonds only started trading on the exchange in 1881.

In 1988, the exchange introduced electronic trading support system, and replaced the old auction model with continuous trading of listed shares throughout the day. Trading became fully electronic in 1999 and the trading floor was discontinued.

[edit] OBX Index

Main article: OBX Index

The OBX Index is a list of the 25 most liquid companies on the Oslo Stock Exchange main index. The companies have their own index common OBX index. All stocks on the OBX list can be traded with options and futures. The companies on the OBX list are rotaded twice a year, on the third friday of June and December.

[edit] Ownership

Oslo Stock Exchange remained a self-owning institution until 2001 when it converted into a joint stock company and offered shares to the public in an IPO. DnB NOR owns 18% of the company, with the rest of the shares held mostly by many foreign and domestic investors. On October 6 2006, the larger maket and pan- Scandinavian stock exchange group OMX acquired a 10% strategic stake.