Oslo Stock Exchange

Coordinates: 59°54′31.31″N 10°44′52.06″E / 59.9086972°N 10.7477944°E / 59.9086972; 10.7477944

Oslo Børs
Type Securities Exchange
Location Oslo, Norway
Coordinates 59°54′31.31″N 10°44′52.06″E / 59.9086972°N 10.7477944°E / 59.9086972; 10.7477944
Founded 1819
Owner Oslo Børs VPS Holding
Key people Bente A. Landsnes (CEO)
Benedicte Schilbred Fasmer (Chairman)
No. of listings 214 (July 2014) [1]
Market cap NOK 2 022 billion (April 2014) [1]
Volume NOK 4.1 billion (2014)
Indices OBX, OSEAX
Website http://oslobors.no
Oslo Børs Building 2014

Oslo Børs (OSE: OSLO) offers Norway’s only regulated markets for securities trading today. The stock exchange offers a full product range including equities, derivatives and fixed income instruments. Oslo Børs is the only independent stock exchange within the Nordic countries.

As a Market

Oslo Børs is today an online market place where all trading is done through computer networks. Trading starts at 09:00am and ends at 04:30pm local time (CET) on all days of the week except weekends and holidays declared by Oslo Børs in advance.

There are three markets for listing and trading on the stock exchange: Oslo Børs is the largest market place for listing and trading in equities, equity certificates, ETPs (exchange traded funds and notes), derivatives and fixed income products. Established in 1819, first as an commodity exchange. Equities and bonds listed and traded from 1881.

Oslo Axess was established in May 2007 as an alternative to Oslo Børs for listing and trading in shares.

Nordic ABM was established in June 2005 as an alternative bond market.

Shares

Norwegian public limited companies and equivalent foreign companies can apply for their shares to be listed on Oslo Børs or Oslo Axess. It is up to the company itself to apply to be admitted to trading, but the company must meet the applicable requirements, which include the number of owners (range), number of shares, market value and history. To be listed the exchange includes strict requirements on the treatment of confidential information. Companies that meet the requirements for listing can much easier get access to capital through share issues. Many investors only invest in securities listed on a stock exchange, because those papers are easier to sell.

Indexes

OBX – The index comprises the 25 most traded shares listed on Oslo Børs. The OBX index is tradable, meaning that you can buy and sell listed futures and options on the index. Put another way, you can get the same exposure by purchasing an index product as if you buy all the shares (weighted) included in the index. The rating is based on a six-month trading period. The index is adjusted every third Friday in June and December. OSEBX – The Oslo Børs Benchmark Index is an investable index containing a representative selection of all listed shares on Oslo Børs. The OSEBX is revised on a half year basis and the changes are implemented on December 1 and June 1.

Leading Sectors

Oslo Børs can offer a unique international position related to the industries of energy, shipping and seafood. The exchange is world leading and the/among the largest in the world within these sectors.

History

Oslo Børs was established by a law of September 18, 1818. Trading on Oslo Børs commenced on April 15, 1819. In 1881 Oslo Børs became a stock exchange, which means securities were listed. The first listing of securities contained 16 bond series and 23 stocks, including the Norwegian central bank (Norges Bank). Oslo Børs cooperates with London Stock Exchange on trading systems. The exchange has also a partnership with the stock exchanges in Singapore and Toronto (Canada) for a secondary listing of companies. The stock exchange was privatized in 2001, and is, after the merger in 2007, 100% owned by Oslo Børs VPS Holding ASA.

The Building

The over 180-year-old stock exchange building has been the subject of many long debates about how the building should be managed and designed over the years. Several of Christiania's (the name of Oslo between 1624 and 1925) best known business men fought for years to get approved and funded the construction of a stock exchange in Christiania, the capital of Norway from 1814.

In 1823 a building committee was appointed to consider the various suggested drawings at the time. The committee chose the architect Christian H. Grosch's proposal. On July 14, 1826 the Ministry approved the final plans of drawings and budgets. In 1828 it was called Norway's first monumental building, completed on the site called Grønningen, the first public park in Christiania.

See also

References

  1. 1 2 "Facts and Figures April 2014". Oslo Børs. Retrieved 8 May 2014.

External links

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