Copenhagen Stock Exchange

Nasdaq Copenhagen
Copenhagen Stock Exchange
Københavns Fondsbørs
Type Stock Exchange
Location Copenhagen, Denmark
Founded 1625[1]
1808[2]
Owner Nasdaq Nordic
Key people Bjørn Sibbern (Director)
Market cap Euro 206 billion (Sep 2007)
Volume Euro 172.5 billion
(Q4 2006 - Q3 2007)
Indices KAX Index
OMX Copenhagen 20
KFX Index
Website nasdaqomxnordic.com
This building, Børsen, housed the Copenhagen Stock Exchange until 1974

The Copenhagen Stock Exchange or CSE (Danish: Københavns Fondsbørs), since 2014 officially called Nasdaq Copenhagen, is an international marketplace for Danish securities, including shares, bonds, treasury bills and notes, and financial futures and options.[3]

Nasdaq Copenhagen is one of the Nasdaq Nordic Exchanges. Nasdaq Nordic goes back to the 2003 merger of OM AB and HEX plc to form OMX and is, since February 2008, part of Nasdaq, Inc. (formerly known as NASDAQ OMX Group).

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. Normal trading sessions are from 09:00am to 05:00pm on all days of the week except Saturdays, Sundays and holidays declared by the exchange in advance.[4]

CSE indices

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

References

  1. ↑ "About us". Nasdaq. Retrieved 11 August 2016.
  2. ↑ "Børsens historie". Børsbygningen (in Danish). Dansk Erhverv. Retrieved 11 August 2016.
  3. ↑ Bakie, John (30 October 2014). "Nasdaq drops OMX name from branding". The Trade. London. Retrieved 12 June 2015.
  4. ↑ Market Hours, OMX Nordic Exchange - Copenhagen via Wikinvest

External links

Coordinates: 55°40′45″N 12°34′53″E / 55.67917°N 12.58139°E / 55.67917; 12.58139

This article is issued from Wikipedia - version of the 11/12/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.