The Riga Stock Exchange (RSE), now "NASDAQ Riga" was founded in 1993. Four Latvian commercial banks were the founding members while Mr. Kārlis Cerbulis, a graduate of the Harvard University (USA), was the first president of the RSE.
Trading was launched in 1995. The securities traded at the first session were JSC "Kaija", "Vitransauto", "Rīgas alus" and "Saldus naftas bāze" shares and government bonds. In 1996, the first company, JSC Latvijas Unibanka, was listed on the Official list.
In 1998, an agreement was signed about information exchange with the Tallinn Stock Exchange. This was the first step towards the co-operation between the stock exchanges of the Baltic countries.
In August 2002, a major European stock exchange group, HEX Group (Finland), became the main shareholder of the RSE.
In September 2003, HEX Group (Finland), owner of the RSE, merged with OM Group (Sweden), thus creating the OMHEX Group – a leading market services and solutions provider in financial and energy markets.
In September 2004, OMHEX AB changed name to OMX AB. In February 2008, OMX AB, a parent company of Riga Stock Exchange and Latvian Central Depository, combined with the largest US electronic securities exchange The NASDAQ Stock Market, Inc. creating the world’s largest exchange company, The NASDAQ OMX Group, Inc.
In January 2009, the Riga Stock Exchange changed its official company name to NASDAQ OMX Riga.
NASDAQ Riga, together with Nasdaq’s exchanges in Tallinn and Vilnius is part of the joint Nasdaq Baltic market. Nasdaq Baltic market includes a common Baltic equities market with harmonised trading rules and market practices, same trading system, joint trading lists, harmonised indexes, a single membership, trading and settlement currency allowing investors easy access to all Baltic listed financial instruments through any of the pan-Baltic members.
Phone: +371 6 721 2431
Fax: +371 6 722 9411
E-mail: riga [at] nasdaq.com
Address: Vaļņu iela 1, Riga LV-1050, Latvia