Oslo Børs
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| Oslo Børs ASA | |
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| Founded | 1819 |
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| Headquarters | Oslo, Norway |
| Key People | CEO Bente Landsnes |
| Products | Oslo Børs Benchmark Index (OSEBX) |
| Corporate Website | http://www.oslobors.no/ob_eng/ |
Oslo Børs offers the only regulated marketplace for securities trading in Norway and trades listed equities, derivatives and fixed income instruments. In early 2010 Oslo Børs completed a partnership with the London Stock Exchange Group to supply it with trading technology also used by the group's other European exchanges.
Oslo Børs was ranked as the world's 38th-largest derivatives exchange by volume in 2010 falling by two positions from the previous year, according to the annual volume survey published by the Futures Industry Association (FIA).[1] The FIA report, published in March of 2011, notes that the exchange's total volume for 2010 was up by 0.4% from the previous year, reaching about 13.56 million contracts.
On July 2, 2012, the Børs announced that it intends to cut it's hours of operation. Starting Aug. 6, 2012, the Børs will close an hour earlier than usual (16:30 CET). The move comes amid a period of record low volumes and capital raisings on the exchange.[2]
Sale of Oslo Clearing
In December of 2012 it became known that Six Group had agreed to a deal to acquire 100 percent of of Oslo Clearing from Oslo Børs for NOK 180 million (approximately $32 million). The deal, which would go through in the second quarter of 2014, was subject to regulatory approval.[3][4]
Background
The Oslo Børs was founded in 1819 by merchant Nicolay Andresen and by 1881 listed a total of 16 bonds and 23 shares.[5] An Oslo market index was introduced in 1946, based on 1939 prices, and in 1988 open outcry trading was replaced by an electronic trading system followed two years later by the introduction of derivatives trading. In 1999 the Oslo Børs joined the Copenhagen Stock Exchange and the Stockholm Stock Exchange (now part of the OMX Nordic Exchange group) to form an joint Nordic marketplace called the NOREX Alliance and in 2002 switched to the same trading platform as its NOREX partners.
On Dec. 9, 2009, RTS Realtime Systems Group, a global trading solutions provider, announced that it had begun to offer high-speed access under a unified infrastructure to all markets of the London Stock Exchange Group, including the London Stock Exchange, Borsa Italiana, and the European Derivatives Exchange (EDX), as well as Oslo Børs’ equity market.[6]
Latest results
Total annual market value for the Oslo Børs dropped by more than half in 2008 to 997 billion Norwegian kroner (NOK) in the wake of the global recession, after a steady rise from NOK290 billion in 1995 to NOK2.16 trillion in 2007.[7] Since 2008 market value has recovered quickly to reach NOK1.51 trillion in 2009, a rise of more than 50%.
Key product
The composition of the Oslo Børs Benchmark Index (OSEBX) will increase to 58 on June 1, 2010 with the removal of seven companies and the addition of 12 others, the Oslo Børs anounced in May 2010.[8] The next scheduled OSEBX review will be effective December 1, 2010.
Key People
Bente A. Landsnes has held the position of chief executive officer of Oslo Børs since January 1, 2006 and has also served as a non-executive director at the exchange.[9] She has also held executive positions at Bankenes Betalingssentral (BBS), which operates the Norwegian bank clearing system, and at banking and insurance group Gjensidige NOR. She has also served as a director at VPS, the Norwegian Central Securities Depository.
Annual Volumes
2009
The Oslo Børs ranked number 36 in 2009 in the Futures Industry Association's global list of top 53 derivatives exchanges measured by volume, down 15.8% on 2008's volume figure.[10] The FIA list, published in early April 2010, reports that that the OSX's total volume for 2009 fell to 13.5 million from 2008's figure of 16.0 million.
Latest news
Oslo Børs began using the TradElect trading system in April 2010, completing a strategic partnership between Norway's exchange and the London Stock Exchange Group (LSEG) begun in early 2009.[11] Oslo Børs adopted LSEG's SOLA trading system for derivatives in December 2009 and with its adoption of TradElect and LSEG's market-data platform, Infolect, has completed its transition to LSEG-developed trading technology.
References
- ↑ 2010 Annual Volume Survey. Futures Industry.org.
- ↑ Olso Borse to cut opening hours. FT.com.
- ↑ Six Agrees to Acquire Oslo Clearing from Norway Børs. Waters Technology.
- ↑ Press Release. Bobs Guide.
- ↑ The history of Oslo Børs. Oslo Børs.
- ↑ RTS Realtime Systems Offers Low-Latency Access to London Stock Exchange Group Markets. Wall Street & Technology.
- ↑ Annual statistics - market value. Oslo Børs.
- ↑ Changes to the composition of the Oslo Børs Benchmark Index (OSEBX). Oslo Børs.
- ↑ Ms Bente Landsnes, CEO, Oslo Stock Exchange. World Exchange Congress, 2010.
- ↑ 2009 Annual Volume Survey. FIA magazine.
- ↑ Oslo Børs moves to TradElect for equities and fixed income. Finextra.com.
