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'OMX AB' ('A'ktie'b'olaget 'O'ptions'm'äklarna/Helsinki Stock E'x'change) is a Swedish-Finnish financial services company, formed in 2003 through a merger between 'OM AB' and 'HEX plc'. It has two divisions, OMX Exchanges, which operates seven stock exchanges in the Nordic and Baltic countries, and OMX Technology, which develops and markets systems for financial transactions used by OMX Exchanges, as well as by other stock exchanges. The company is a world leader in financial instruments trading systems.

Contents

History

OMX Exchanges

OMX Divisions

OMX Technology customers include

See also

External links

History

'OM AB' (''Optionsmäklarna'') was a futures exchange founded by Olof Stenhammar in the 1980s to introduce trading in standardized option contracts in Sweden. OM acquired the Stockholm Stock Exchange in 1998 and unsuccessfully attempted acquisition of the London Stock Exchange in 2001.
During the Dot-com bubble in the early 21th century, OM launched a virtual European stock exchange called Jiway([1]). The project was not successful and was canceled on the 14th October 2002.
On 3 September 2003 the Helsinki Stock Exchange (HEX) merged with OM, and the joint company became 'OM HEX'. On August 31, 2004, the brand name of the company was changed to OMX.
In 2005 OMX merged with the CSE, Copenhagen Stock Exchange, although it was really a takeover of CSE by OMX.
In December 2005 OMX started First North, an alternative exchange, in Denmark.
In 2006 'OMX AB' acquired the Markets Technology division of Computershare. The acquisition greatly expanded its product offerings and made its client list the largest of all trading system technology providers.
In June 2006 OMX expands the First North exchange to Stockholm, and has plans to include Helsinki.
On September 19 2006 the Iceland Stock Exchange announced it will join the OMX Nordic Exchange, OMX and Eignarhaldsfelagid Verdbrefathing hf (EV), the owner of the Iceland Stock Exchange (ICEX) have signed a Letter of intent regarding an acquisition of EV.[2]
The group launched a virtual Nordic Stock Exchange on October 2, 2006, after merging the individual lists of shares traded at its three wholly-owned Scandinavian exchanges into a combined Nordic List. It also launched a pan-regional benchmark index, the OMX Nordic 40, on the same date, however the individual exchanges have also retained their own national benchmark indices.
On October 6 2006, OMX acquired a 10% stake in Oslo Bors Holding ASA, the Oslo Stock Exchange.
On May 25 2007, NASDAQ agreed to buy OMX for US$3.7 billion to tentatively form NASDAQ OMX Group. [3] In August 2007, however, Borse Dubai offered US$4 billion, prompting speculation of a bidding war.[4]
In North America OMX supports it's most high profile customers such as FINRA, ICAP, ISE, and BIDS Trading which are powered by OMX trading systems such as CLICK and SAXESS.

OMX Exchanges

★ Copenhagen Stock Exchange

★ Stockholm Stock Exchange

★ Helsinki Stock Exchange

★ Tallinn Stock Exchange

★ Riga Stock Exchange

★ Vilnius Stock Exchange

★ Iceland Stock Exchange

★ Armenian Stock Exchange (Announced April 27, 2007)

★ Oslo Stock Exchange (10%)

OMX Divisions

The company's activity is categorized into three divisions:

★ Nordic Market

★ Baltic Market

★ First North ''alternative exchange''

OMX Technology customers include

★ Abu Dhabi Stock Market

★ Athens Exchange

★ Australian Stock Exchange

★ Bahamas International Securities Exchange

★ Bahrain Stock Exchange

★ Barbados Stock Exchange

★ Boston Stock Exchange

★ Canadian Trading and Quotation System

★ Cairo and Alexandria Stock Exchanges

★ Doha Securities Market

★ Dubai Financial Market

★ Financial Industry Regulatory Authority

★ ICAP

★ Icelandic Securities Depository

★ International Securities Exchange

★ Iraq Stock Exchange

★ Istanbul Stock Exchange

★ Jakarta Stock Exchange

★ Jamaica Stock Exchange

★ Malta Stock Exchange

★ Moscow Interbank Currency Exchange

★ Nigerian Stock Exchange

★ Newcastle Stock Exchange

★ NSX Corporate Stock Exchange

★ Palestine Securities Exchange

★ Philippine Dealing and Exchange Corporation

★ Port Moresby Stock Exchange

★ Saudi Arabia Stock Exchange (Tadawul)

★ Singapore Exchange

★ Shanghai Stock Exchange

★ Surabaya Stock Exchange

★ SWX Swiss Exchange

★ Thailand Futures Exchange

★ Trinidad and Tobago Stock Exchange

★ Turkish Derivatives Exchange

★ Wiener Börse AG

★ Zagreb Stock Exchange

See also

★ List of stock exchanges

★ List of European stock exchanges

★ List of Swedish companies

External links

★ OMX - Official site