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Nasdaq Stockholm

posted onJuly 17, 2019
nocomment

The Stockholm Stock Exchange, now operating under the name Nasdaq Stockholm was founded in 1863 and has become the primary securities exchange of the Nordic countries. 

The first Stock Exchange auction was held on 4 February 1863 when twenty-two transactions were concluded, with a turnover of 14,105 old Swedish crowns. In 1912 an official share price list was displayed in the Stock Exchange hall; after 1913, this list was also published in local newspapers. 

In 1918 the Stockholm Stock Exchange building was renovated. Operations took up the entire ground floor, with desks and space for 82 brokers in the trading hall. A new electronic marking system debuted making the Exchange the most modern in Europe;  the Stockholm Stock Exchange was also known as “the world’s quietest stock exchange.” The same year turnover reached no less than SEK 1,586 million, a record that stood until 1972. In 1974 electronics started to replace the blackboards in the “after hours” trading session.

In 1979 a revised law gave the Exchange a legal monopoly on trading in securities. 

The last day of trading on the floor was 31 May 1990. The very last share to be traded on the floor was Försäkrings AB Skandia – the only share remaining that had been listed on the Stockholm Stock Exchange since the very first auction in 1863. 

A new era in the history of the Exchange began in 1993 when the Riksdag-the national legislature and the supreme decision-making body of Sweden- approved a proposal and adopted a new law, which effectively ended the Stock Exchange monopoly and converted it into a limited liability company. 

Stockholms Fondbörs AB was launched, which was owned in equal shares by the Stock Exchange’s members and share issuers. The Stockholm Stock Exchange became the world’s first stock exchange to be run for profit. 

In 1994, the Stockholm Stock Exchange became the first stock exchange in Europe to allow remote members. In 1997 the Exchange was the first stock exchange in the world to achieve certification in accordance with the international quality standard ISO 9001. Share trading during the year increased by 47 per cent to SEK 1,346 billion. 

In 1998 the Stockholm Stock Exchange was acquired by futures exchange OM. After OM acquired the Helsinki Stock Exchange to form OMX in 2004, the Stockholm and Helsinki exchanges' operations were merged. This acquisition included the Baltic stock exchanges in Tallinn, Riga and Vilnius

The next year OMX acquired the Copenhagen Stock Exchange and in 2006 the Iceland Stock Exchange. 

In 2008, NASDAQ acquired OMX for SEK 32 billion and formed the NASDAQ OMX Group.

In 2010  NASDAQ OMX launched common INET trading platform across its seven Nordic and Baltic equity markets. 

In 2012, NASDAQ OMX Stockholm’s market share of trading in its own listed companies reached 66 percent.

More than 300 companies have now been listed for trading.

Nasdaq Stockholm President

Key people:
Lauri Rosendahl  (President)
Mr Rosendahl is President of Nasdaq Nordics and Nasdaq Stockholm and Senior Vice President of European Cash Equity and Equity Derivatives within Global Transaction and Market Services. Since joining Nasdaq in May 2009 and up until March 2016, he was the President of Nasdaq Helsinki. 


Phone: +46 8 405 60 00 
Web: nasdaqomxnordic.com 
Address: Tullvaktsvägen 15, 105 78 Stockholm, Sweden

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