The Nasdaq Helsinki, formerly known as the Helsinki Stock Exchange ( fi, Helsingin Pörssi, sv, Helsingforsbörsen), is a

stock exchange A stock exchange, securities exchange, or bourse is an exchange where stockbrokers and traders can buy and sell securities, such as shares of stock, bonds and other financial instruments. Stock exchanges may also provide facilities for th ...

located in

Helsinki Helsinki ( or ; ; sv, Helsingfors, ) is the Capital city, capital, primate city, primate, and List of cities and towns in Finland, most populous city of Finland. Located on the shore of the Gulf of Finland, it is the seat of the region of U ...

Finland Finland ( fi, Suomi ; sv, Finland ), officially the Republic of Finland (; ), is a Nordic country in Northern Europe. It shares land borders with Sweden to the northwest, Norway to the north, and Russia to the east, with the Gulf of B ...

. Since 3 September 2003, it has been part of

Nasdaq Nordic Nasdaq Nordic is the common name for the subsidiaries of Nasdaq, Inc. that provide financial services and operate marketplaces for securities in the Nordic and Baltic regions of Europe. Historically, the operations were known by the company ...

(previously called ''OMX''). After the OMX merger, it was referred to as ''OMX Helsinki'' (OMXH), then after

NASDAQ The Nasdaq Stock Market () (National Association of Securities Dealers Automated Quotations Stock Market) is an American stock exchange based in New York City. It is the most active stock trading venue in the US by volume, and ranked second ...

's acquisition of OMX in February 2008, ''NASDAQ OMX Helsinki'', and currently Nasdaq Helsinki.

History

Helsinki Stock Exchange first day of trading 7 October 1912

The Helsinki Stock Exchange saw its first transaction on October 7, 1912. From then it remained a "free form" financial association until in 1984 it was converted into a

cooperative A cooperative (also known as co-operative, co-op, or coop) is "an autonomous association of persons united voluntarily to meet their common economic, social and cultural needs and aspirations through a jointly owned and democratically-control ...

owned mostly by

bank A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because ...

s, traders, other

companies A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared go ...

and associations. Helsinki Stock Exchange old electromechanical trader terminal

On April 1, 1990, trading was moved to a new digital system: HETI (Helsinki Stock Exchange Automated Trading and Information System, and in Finnish a rough

backronym A backronym is an acronym formed from an already existing word by expanding its letters into the words of a phrase. Backronyms may be invented with either serious or humorous intent, or they may be a type of false etymology or folk etymology. The ...

for "immediately"), which replaced the electro-mechanical trading board originally introduced back in 1935. HETI enabled remote traders to conduct transactions on equal terms with those in the

trading room A trading room gathers traders operating on financial markets. The trading room is also often called the front office. The terms "dealing room" and " trading floor" are also used, the latter being inspired from that of an open outcry stock exc ...

. The cooperative changed to a

limited liability company A limited liability company (LLC for short) is the US-specific form of a private limited company. It is a business structure that can combine the pass-through taxation of a partnership or sole proprietorship with the limited liability of a ...

(''Helsingin Arvopaperipörssi'') in the fall of 1995 and merged with several clearing and

stock deposit In finance, stock (also capital stock) consists of all the shares by which ownership of a corporation or company is divided.Longman Business English Dictionary: "stock - ''especially AmE'' one of the shares into which ownership of a company ...

companies and associations at the beginning of 1997. During 1997 and 1998 the Stock Exchange bought both of the Finnish

derivative exchange In mathematics, the derivative of a function of a real variable measures the sensitivity to change of the function value (output value) with respect to a change in its argument (input value). Derivatives are a fundamental tool of calculus. F ...

s and merged them with itself to become ''HEX''. In November 1998 HEX merged with Arvopaperikeskus to form Helsinki Exchanges Group Plc, which then changed its name to HEX Plc in the spring of 2001. In 2001 and 2002 HEX acquired a majority share of the

Tallinn Stock Exchange The Nasdaq Tallinn AS, formerly known as the Tallinn Stock Exchange, is a stock exchange operating in Tallinn, Estonia. Nasdaq Tallinn is the only regulated secondary securities market in Estonia. The major stock market index is Nasdaq Tallinn, fo ...

and the

Riga Stock Exchange The Nasdaq Riga, formerly Riga Stock Exchange, is the sole stock exchange operating in Riga, Latvia. It is owned by Nasdaq, which also operates exchanges in the USA, Denmark, Sweden, Finland, Iceland, Armenia, Lithuania, and Estonia. Established ...

. On 3 September 2003, HEX Plc merged with OM AB, owner of the

Stockholm Stock Exchange Nasdaq Stockholm, formerly known as the Stockholm Stock Exchange ( sv, Stockholmsbörsen), is a stock exchange located in Frihamnen, Stockholm, Sweden. Founded in 1863, it has become the primary securities exchange of the Nordic countries. As ...

, to become OM HEX. A year later, the company was renamed to OMX. OMX Helsinki 25 (OMXH25) is a

stock market index In finance, a stock index, or stock market index, is an index that measures a stock market, or a subset of the stock market, that helps investors compare current stock price levels with past prices to calculate market performance. Two of the ...

for the Helsinki Stock Exchange. It is a market value weighted index that consists of the 25 most-traded stock classes. OMXH25 is also known by its old name, HEX25. As of March 2006, there are two

exchange-traded fund An exchange-traded fund (ETF) is a type of investment fund and exchange-traded product, i.e. they are traded on stock exchanges. ETFs are similar in many ways to mutual funds, except that ETFs are bought and sold from other owners throughout the ...

s listed, both are

index fund An index fund (also index tracker) is a mutual fund or exchange-traded fund (ETF) designed to follow certain preset rules so that the fund can a specified basket of underlying investments.Reasonable Investor(s), Boston University Law Review, avail ...

s for the OMXH25 index. In April 2006, the Stock Exchange announced the trading will be done in round lot sizes of one share starting from September 25, 2006. Previously trading was done in round lot sizes that varied from listed company to company.

Hours

Normal trading sessions are from 10:00am to 6:30pm on all days of the week except Saturdays, Sundays and holidays declared by the Exchange in advance.

Trading rules

A special feature of Helsinki Exchange is that limit orders are not allowed to cross over. For an effective market order, the unfilled portion of the order becomes a limit order when it stays at the execution price.Hedvall, Hiemeyer, Rosenqvist (1997)

Currently listed stocks (followed by quote symbol)

References

External links

Nasdaq OMX Nordic homepage

Companies listed on Nasdaq Helsinki
{{Coord, 60.1684, 24.9492, display=title Financial services companies established in 1912 1912 establishments in Finland Economy of Finland Buildings and structures in Helsinki Economy of Helsinki Stock exchanges in Europe