The Stock Exchange Building () is a

building A building or edifice is an enclosed Structure#Load-bearing, structure with a roof, walls and window, windows, usually standing permanently in one place, such as a house or factory. Buildings come in a variety of sizes, shapes, and functions, a ...

originally erected for the

Stockholm Stock Exchange Nasdaq Stockholm, formerly known as the Stockholm Stock Exchange (), is a stock exchange located in Frihamnen, Stockholm, Sweden. Founded in 1863, it has become the primary securities exchange of the Nordic countries. As of March 2021, a total ...

between 1773 and 1778 from construction drawings by

Erik Palmstedt Erik Palmstedt (16 December 1741 in Stockholm – 12 June 1803) was a Swedish architect working for the court circle of Gustav III, where he was in the forefront of Neoclassical style and at the heart of a social and intellectual circle that forme ...

. The stock exchange moved out of the building completely in 1998. It is located on the north side of the square

Stortorget Stortorget (, "the Grand Square") is a public square in Gamla Stan, the old town in central Stockholm, Sweden. It is the oldest square in Stockholm, the historical centre on which the medieval urban conglomeration gradually came into being. To ...

Gamla stan Gamla Stan (, "The Old Town"), until 1980 officially Staden mellan broarna ("The Town between the Bridges"), is the old town of Stockholm, Sweden. Gamla Stan consists primarily of the island Stadsholmen. Gamla Stan includes the surrounding islets ...

, the old town in central

Stockholm Stockholm (; ) is the Capital city, capital and List of urban areas in Sweden by population, most populous city of Sweden, as well as the List of urban areas in the Nordic countries, largest urban area in the Nordic countries. Approximately ...

Sweden Sweden, formally the Kingdom of Sweden, is a Nordic countries, Nordic country located on the Scandinavian Peninsula in Northern Europe. It borders Norway to the west and north, and Finland to the east. At , Sweden is the largest Nordic count ...

, and owned by the city council. Since 1914 it has been the home of the

Swedish Academy The Swedish Academy (), founded in 1786 by King Gustav III, is one of the Royal Academies of Sweden. Its 18 members, who are elected for life, comprise the highest Swedish language authority. Outside Scandinavia, it is best known as the body t ...

, which uses the building for its meetings, such as those at which it selects and announces the name of the recipient of the

Nobel Prize for Literature The Nobel Prize in Literature, here meaning ''for'' Literature (), is a Swedish literature prize that is awarded annually, since 1901, to an author from any country who has, in the words of the will of Swedish industrialist Alfred Nobel, "in t ...

. The building also houses the

Nobel Museum The Nobel Prize Museum (formerly the Nobel Museum []) is located in the former Stockholm Stock Exchange Building, Stock Exchange Building (''Börshuset'') on the north side of the square Stortorget in Gamla Stan, the old town in central Stockholm, ...

and the

Nobel Library The Nobel Library ( or, officially, , e.g. "Nobel Library of the Swedish Academy") is the public library of the Swedish Academy instituted to assist the evaluation of Nobel laureates to the Prize in Literature and other awards granted by the acad ...

History

Previously the old Rådstugan was located here, which was a collection of buildings with partly

medieval In the history of Europe, the Middle Ages or medieval period lasted approximately from the 5th to the late 15th centuries, similarly to the post-classical period of World history (field), global history. It began with the fall of the West ...

origins, and which gave the neighborhood its name.

1776

The Stock Exchange was inaugurated in 1776 by

Gustav III Gustav III (29 March 1792), also called ''Gustavus III'', was King of Sweden from 1771 until his assassination in 1792. He was the eldest son of King Adolf Frederick and Queen Louisa Ulrika of Sweden. Gustav was a vocal opponent of what he saw ...

in the main stock exchange hall. The purpose of the building was to meet the need for premises for stock exchange trading. The building was largely financed by the ''börstolagen'' (Stock Exchange Law) which was an extra duty decided by the

Riksdag The Riksdag ( , ; also or , ) is the parliament and the parliamentary sovereignty, supreme decision-making body of the Kingdom of Sweden. Since 1971, the Riksdag has been a unicameral parliament with 349 members (), elected proportional rep ...

History

1776

See also

References

Further reading