The Nasdaq Helsinki, formerly known as the Helsinki Stock Exchange (Finnish: Helsingin Pörssi, Swedish: Helsingforsbörsen), is a stock exchange located in Helsinki, Finland. Since 3 September 2003, it has been part of Nasdaq Nordic (previously called OMX). After the OMX merger, it was referred to as OMX Helsinki (OMXH), then after NASDAQ's acquisition of OMX in February 2008, NASDAQ OMX Helsinki, and currently Nasdaq Helsinki.[1]
Stock brokers trade in securities in the stock exchange hall of Pörssitalo. from 1982Helsinki Stock Exchange record of the first day of trading 7 October 1912. Seen in Rahamuseo (Bank of Finland Museum), 2013.
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 owned mostly by banks, traders, other companies and associations.
Helsinki Stock Exchange old electromechanical trader terminal, seen in Rahamuseo (Bank of Finland Museum), 2013.
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 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.
The cooperative changed to a limited liability company (Helsingin Arvopaperipörssi) in the fall of 1995 and merged with several clearing and stock deposit companies and associations at the beginning of 1997. During 1997 and 1998 the Stock Exchange bought both of the Finnish derivative exchanges 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 and the Riga Stock Exchange.
On 3 September 2003, HEX Plc merged with OM AB, owner of the Stockholm Stock Exchange, to become OM HEX. A year later, the company was renamed to OMX.
OMX Helsinki 25 (OMXH25) is a stock market index 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 funds listed, both are index funds 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.[2]
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.[3]
nasdaq, helsinki, this, article, needs, additional, citations, verification, please, help, improve, this, article, adding, citations, reliable, sources, unsourced, material, challenged, removed, find, sources, news, newspapers, books, scholar, jstor, october, . This article needs additional citations for verification Please help improve this article by adding citations to reliable sources Unsourced material may be challenged and removed Find sources Nasdaq Helsinki news newspapers books scholar JSTOR October 2011 Learn how and when to remove this template message The Nasdaq Helsinki formerly known as the Helsinki Stock Exchange Finnish Helsingin Porssi Swedish Helsingforsborsen is a stock exchange located in Helsinki Finland Since 3 September 2003 it has been part of Nasdaq Nordic previously called OMX After the OMX merger it was referred to as OMX Helsinki OMXH then after NASDAQ s acquisition of OMX in February 2008 NASDAQ OMX Helsinki and currently Nasdaq Helsinki 1 Nasdaq HelsinkiHelsingin Porssi HelsingforsborsenTypeStock exchangeLocationHelsinki FinlandFoundedOctober 7 1912 110 years ago October 7 1912 OwnerNasdaq Inc CurrencyEuroNo of listings141IndicesOMX Helsinki 25Websitewww wbr nasdaqomxnordic wbr comStockholmHelsinkiTallinnVilniusRigaCopenhagenReykjavikNew YorkPhiladelphiaBostonclass notpageimage Stock exchanges listing venues owned by Nasdaq Inc vte Contents 1 History 2 Hours 3 Trading rules 4 See also 5 References 6 External linksHistory Edit Stock brokers trade in securities in the stock exchange hall of Porssitalo from 1982 Helsinki Stock Exchange record of the first day of trading 7 October 1912 Seen in Rahamuseo Bank of Finland Museum 2013 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 owned mostly by banks traders other companies and associations Helsinki Stock Exchange old electromechanical trader terminal seen in Rahamuseo Bank of Finland Museum 2013 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 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 The cooperative changed to a limited liability company Helsingin Arvopaperiporssi in the fall of 1995 and merged with several clearing and stock deposit companies and associations at the beginning of 1997 During 1997 and 1998 the Stock Exchange bought both of the Finnish derivative exchanges 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 and the Riga Stock Exchange On 3 September 2003 HEX Plc merged with OM AB owner of the Stockholm Stock Exchange to become OM HEX A year later the company was renamed to OMX OMX Helsinki 25 OMXH25 is a stock market index 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 funds listed both are index funds 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 EditNormal 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 2 Trading rules EditA 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 3 See also EditStock market listsNasdaq Copenhagen Nasdaq Stockholm Nasdaq Nordic Nasdaq Vilnius Nasdaq Riga Nasdaq Tallinn Nasdaq Iceland Nasdaq First NorthOther listsList of Finnish companies List of Alandic companiesReferences Edit Bakie John 30 October 2014 Nasdaq drops OMX name from branding The Trade London Archived from the original on 20 September 2016 Retrieved 12 June 2015 Market Hours OMX Nordic Exchange Helsinki via Wikinvest Hedvall Hiemeyer Rosenqvist 1997 External links Edit Wikimedia Commons has media related to Helsinki Stock Exchange Nasdaq OMX Nordic homepage in English Companies listed on Nasdaq Helsinki in English 60 10 06 N 24 56 57 E 60 1684 N 24 9492 E 60 1684 24 9492 Retrieved from https en wikipedia org w index php title Nasdaq Helsinki amp oldid 1136969077, wikipedia, wiki, book, books, library,
