OMX: Icelandic Companies Presented Together with Swedish, Finnish and Danish Companies on the Nordic Exchange.STOCKHOLM, Sweden -- As of January 3, 2007, the Icelandic alternative market isec will be integrated into First North, OMX's alternative market. On the OMX main market, the 25 companies listed on the Iceland Stock Exchange Iceland Stock Exchange (Icelandic: Kauphöll Íslands) or ICEX was established in 1985 as a joint venture of several banks and brokerage firms on the initiative of the central bank. will be part of the common Nordic presentation of Swedish, Finnish and Danish listed companies and the OMX Nordic index family as of April 2, 2007. Thus, the Icelandic companies will be subject to the harmonized Nordic listing requirements. The alternative market in Iceland will change its name to First North and adopt the common First North rule book as of January 3, 2007. "Through First North, Icelandic growth companies gain access to one of Europe's largest pool of liquidity and increased visibility among investors. Measured in number of companies, First North is Europe's second largest alternative market. For companies considering going public, we believe First North presents great opportunities," said Thordur Fridjonsson, President of the Nordic Exchange in Iceland. As of April 2, 2007, the companies listed on the Iceland Stock Exchange will be part of OMX Nordic index family, covering among others All-share and Sector indexes. The All-Share index reflects the development of the Nordic market, while the sector indexes provide investors with tools to compare industries across different countries in the Nordic region. "To include Icelandic companies in the OMX joint presentation of Swedish, Finnish and Danish companies, gives investors even more to choose from. By being part of OMX Nordic Exchange, Icelandic companies benefit from increased visibility and good benchmark possibilities. Furthermore, by adapting the listing requirements to the Nordic standard, we increase market harmonization," Thordur Fridjonsson concludes. OMX Nordic 40 index, based on the 40 most actively traded companies on the Nordic Exchange, is reviewed bi-annually. The next selection for the index, where Icelandic companies will be eligible for inclusion, will be effective on July 3, 2007. The names of the local Icelandic indexes will be harmonized with the OMX Nordic index name standard. As an example, ICEX-15 will be renamed OMXI15, where the I stands for Iceland and 15 for the number of companies included in the index. Note to editors First North offers smaller and growing companies easy access to the Nordic and global financial markets. Following the integration of Icelandic companies on January 3, 2007, First North will offer listing and trading in ISK-, SEK-, EUR- and DKK DKK In currencies, this is the abbreviation for the Danish Krone. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. denominated shares. Companies will be able to disclose information in Icelandic, English, Swedish, Danish or Norwegian. The First North All Share index will also be available in ISK ISK In currencies, this is the abbreviation for the Iceland Krona. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. along with EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. , SEK SEK In currencies, this is the abbreviation for the Swedish Krona. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. and DKK. The companies on First North are classified according to the international Global Industry Classification Standard (GICS). The industry classification facilitates international benchmarking of the companies by providing clearly defined and larger peer groups. The two Icelandic companies HB Grandi hf and Hampidjan hf which will be included on First North as of January 3, 2007, operate in the fishing industry. Today, 79 companies are traded on First North. About OMX (STO:OMX) OMX is a leading expert in the exchange industry. Through the Nordic Exchange, OMX offers access to approximately 80 percent of the Nordic and Baltic securities market. The Nordic Exchange is a term used for marketing purposes and is not a legal entity. It describes the common offering from the Helsinki Stock Exchange “HEX” redirects here. For other uses, see HEX (disambiguation).
For Wikipedia's help pages, see . , Copenhagen Stock Exchange Copenhagen Stock Exchange The only securities exchange in Denmark. It features electronic trading of stocks, bonds, futures, and options. , Stockholm Stock Exchange The Stockholm Stock Exchange (Swedish: Stockholmsbörsen) is a stock exchange located in Stockholm, Sweden. Founded in 1863 [1] it is the primary securities exchange of the Nordic Countries. , Iceland Stock Exchange, Tallinn Stock Exchange The Tallinn Stock Exchange is a stock exchange operating in Tallinn, Estonia. It is one of the OMX Exchanges, which also operates Helsinki Stock Exchange and Stockholm Stock Exchange. It is the only regulated exchange in Estonia. The major stock market index was the TALSE. , Riga Stock Exchange The Riga Stock Exchange is a sole stock exchange operating in Riga, Latvia. It is owned by OMX, which also operates Helsinki Stock Exchange and Stockholm Stock Exchange. and Vilnius Stock Exchange The Vilnius Stock Exchange (VSE) is a stock exchange established in 1993 operating in Vilnius, Lithuania. It is owned by OMX, which also operates Helsinki Stock Exchange and Stockholm Stock Exchange. . OMX integrated technology solutions cross the transaction chain enabling efficient securities transactions for over 60 exchange organizations in more than 50 countries. OMX is a Nordic Large Cap company in the Financials sector on the OMX Nordic Exchange. For more information, please visit www.omxgroup.com. This information was brought to you by Waymaker http://www.waymaker.net |
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