Oslo Stock Exchange

Oslo Stock Exchange (Norwegian: Oslo Børs) (OSE: OSLO) is a stock exchange within the Nordic countries and 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 Stock Exchange
TypeStock exchange
LocationOslo, Norway
Coordinates59°54′31.31″N 10°44′52.06″E
Founded1819
OwnerEuronext
Key peopleHåvard S. Abrahamsen (CEO)
No. of listings220 (May 2017) [1]
Market capNOK 4 644 billion (June 2017) [1]
VolumeNOK 4.6 billion (2017)
IndicesOBX, OSEAX
Websitehttps://www.oslobors.no

The Euronext consortium of European stock exchanges controls Oslo Stock Exchange as of June 2019.[2]

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 a 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.

Merkur Market is a multilateral trading facility and was established in January 2016. The market place is not subject to the Stock Exchange Act or the Stock Exchange Regulations. Merkur Market is best suited for smaller and medium-sized companies or large companies that do not satisfy the admission requirements or do not wish to be fully listed on a regulated market.[3]

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.

Indices

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.

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.

Building
Oslo Børs Building 2014

The over 190-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.

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See also

References
  1. "Facts and Figures May 2017". Oslo Børs. Retrieved 15 June 2017.
  2. https://www.osloborsvps.no/obvps_eng/Oslo-Boers-VPS/The-share/Top-20-Shareholders
  3. "Oslo Børs - Most traded stocks". oslobors.no. Retrieved 26 March 2020.
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