Icelandic Stock Exchange
The Icelandic exchange ICEX (English: Iceland Stock Exchange; Icelandic: Kauphöll Íslands) was founded in 1985 as a joint venture of several banks and brokers on the initiative of the Icelandic central bank. At first only Icelandic government bonds were traded on the ICEX . Stock trading began in 1990 and grew rapidly. Companies from the banking, trading , fishing , transportation and insurance sectors are currently listed on Iceland's stock exchange .
On November 30, 2006, the merger of ICEX with the Scandinavian joint stock exchange OMX was completed. The Eignarhaldsfelagid Verdbrefathing that was last owners of ICEX, received 2,067,560 for fusion new shares of OMX.
Since the Icelandic economy is very small, the companies listed on the ICEX are relatively small and the trading volume was correspondingly low. The ICEX was also the smallest exchange in Western Europe.
The leading index of the Icelandic stock exchange was the ICEX 15 .
Þórður Friðjónsson was President of the Icelandic Stock Exchange until its merger.
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- ↑ OMX press release: Archive link ( Memento of the original from September 29, 2007 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. November 30, 2006
